Congressman Franks Statement on “Stimulus Package”


Franks Statement on Democrats’ Trillion Dollar Spending Bill
Rejects “Stimulus” Spending Package as Yet Another Flawed Government Bailout

January 28, 2009 – U.S. Congressman Trent Franks (AZ-02) gave the following statement today as the U.S. House of Representatives passed H.R. 1, American Recovery and Reinvestment Act of 2009, by a vote of 244-188. Despite repeated calls from Republicans to replace misguided spending measures with pro-growth tax relief, congressional Democrats pushed through the largest borrowing-and-spending bill in American history.

“Obviously there is no limit to Democrats’ capacity to contort the English language in their attempt to depict today’s bill, a massive government spending spree, as a “stimulus” for an ailing economy. As bad as it is, the $825 billion price tag is a completely misleading figure, when after figuring in interest the so-called stimulus package is estimated to cost between $1 trillion and 1.5 trillion.

“Over 1.3 billion of that is allocated to over 32 new government programs that in all likelihood will never be phased out and will only continue adding inefficient bureaucracies contributing to the national debt. The pet-projects contained in the bill are equally appalling during a time when nearly all other hard-working Americans are being forced to tighten their belts.

“If there is any proof that Washington cannot borrow-and-spend money it doesn’t have to create prosperity and reinvigorate a lagging economy, it is in the failure of each bailout package it has passed thus far to do anything more than increase the debt burden we are handing to our children. Any true economic stimulus must place the emphasis on spurring the development of small business through tax relief and the regulatory reform necessary to unleash the creativity, determination, and resourcefulness of the American people.

“Whether President Obama and Congressional Democrats will work with Republican to advance those critical priorities remains to be seen.”

Note: The Republican Study Committee has introduced H.R. 470, the Economic Recovery Act, legislation based on three main themes: 1) Support Families through Tax Relief; 2) Provide Economic Relief for American Businesses and Entrepreneurs; and 3) Save Future Generations from a Crushing Debt Burden. For a full summary, click here.

Congressman Franks is serving his third term in the U.S. House of Representatives, and is a member of the Committee on Armed Services, Strategic Forces Subcommittee, Military Readiness Subcommittee, Committee on the Judiciary, and is Ranking Member on the Constitution Subcommittee.

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