STATEMENT ON LATEST UNEMPLOYMENT NUMBERS 

While the president has worked to assert control over the banking, auto, insurance, energy and health care industries, hardworking Americans continue to lose their jobs. Today, the Labor Department announced that hundreds of thousands more Americans are without employment.  The president repeatedly claimed that he would “create or save jobs.” It is clear that his reckless spending and big government policies have failed.

Our nation is facing an urgent financial crisis that threatens our fiscal and economic stability.  Our government is currently borrowing about 50 cents for every dollar we spend.  Medicare is already paying out more in benefits than it collects and Social Security is expected to do the same in less than five years.  Doug Elmendorf, Director of the nonpartisan Congressional Budget Office (CBO) has warned that, “under current law, the federal budget is on an unsustainable path …”  

I believe it is time to let Americans keep more of what they earn and for the government to spend less.  It is time to start trusting and empowering individual Americans instead of the federal government.  By taking these steps, our economy will see the growth and prosperity that have defined America for generations.