Pence: Congress Should Follow the Example of American Families
U.S. Congressman Mike Pence reacted to Labor Department statistics today that show unemployment climbing to 9.5 percent and another staggering loss of 467,000 jobs the past month.
This statement July 2 from Rep. Mike Pence (Indiana 6th District Congressman):
“At a time when families are struggling to make ends meet, the rising unemployment rate is further evidence that we cannot borrow and spend and bail our way back to a growing economy.
“More than four months after the economic stimulus was signed into law, our country still faces the highest unemployment in almost three decades.
“Sadly, Democrats’ answer to near record unemployment is runaway federal spending and a national energy tax that will increase the cost of energy on every household in the country and cost millions of American jobs.
“Congress should be doing what every American family is doing during these tough economic times: cutting expenses, and making sacrifices.
“Instead, Washington is pushing for more spending, more debt and higher taxes, all on the backs of our nation’s taxpayers.
“Our nation deserves a strategy for prosperity, not more spending, more taxes and more unemployment.”
Just the Facts
Here’s further proof the stimulus package is not the firecracker it was sold to be. Instead, it’s a dud. The graph below shows White House estimates (in blue) of unemployment rates with and without the stimulus. Red dots show actual unemployment data.
Note: This chart comes courtesy of InnocentBystanders.net.
Please see:
Department of Labor
Pence Statement on Unemployment Numbers
See also:
Oh Frabjous Day!! Unemployment Rate Increases by Only 0.1%!!
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