What fiollows is Rep. Rodney Frelinghuysen’s statement in regard to his no vote on extending unemployment benefits:
People need a helping hand. Let’s extend unemployment for workers and their families in this terrible economy. But let’s pay for it now and not ask our children and grandchildren to bear the $34 billion cost of this bill!
In an annual discretionary budget of $1.2 trillion, you mean to tell me that we cannot find $34 billion to pay for this unemployment extension?
The argument that these extensions have not been paid for in the past is not valid in our current fiscal circumstances. The budget deficit for the year hit $1 trillion in June. The Administration is expanding the deficit by $4.9 billion EVERY DAY. We now have a national public debt of over $14 trillion and we are on a path to quadruple our borrowing between now and 2020.
“The real solution here is job creation and employment opportunities in the private sector. To accomplish this, the federal government must get out of the business community’s way, stop threatening tax increases and more stifling bureaucratic red tape and overregulation. Consumer confidence will never be restored unless this happens!”