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| For Immediate Release April 2, 2009 |
Contact: Kerry McKenney/Nkechi Mbanu (202) 225-3436 |
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| Payne Votes to Pass Broad Economic Plan for Growth | |||
| Washington, D.C. – Today, Congressman Donald M. Payne voted in favor of a budget that serves as a long term economic plan that will get our economy working again and put us on a path towards renewed prosperity. President Obama inherited an economic and fiscal mess from the Bush Administration. It will take time and a lot of tough decisions to turn our economy around. The budget the US House of Representatives passed today makes those tough decisions and invests in the areas that will spur growth and lead to prosperity for decades to come.
Payne said, "The best way to cut the deficit in the long term is to make investments in areas that will grow our economy and create jobs. The long term economic plan we passed today does just that." The House-passed long term economic plan will cut the deficit by nearly two-thirds by 2013. It cuts taxes for middle class families by $1.5 trillion. It will create jobs and grow our economy with targeted investments and reforms in health care, clean energy and education while reducing non-defense discretionary spending to its lowest level in nearly half a century. This long term economic plan ushers in a new era of honesty in budgeting by fully accounting for known expenses like the wars in Iraq and Afghanistan that previous administrations left out in order to make the deficit look smaller. To bring change and restore integrity to Washington, this budget puts an unprecedented effort on rooting out waste, fraud and abuse in government spending. In their proposed budget Republicans offered nothing but the failed policies of the last eight years – the same policies that created this economic crisis. "This country cannot afford more of the failed policies of the last eight years," said Payne. "The Bush Administration failed to invest in our economy and protect taxpayers and we will not repeat those mistakes. With this long term economic plan we are making the tough choices to turn our economy around, create jobs, reform health care, move toward energy independence, and invest in education." When President Obama came into office he inherited a record Republican deficit from the Bush Administration who had squandered a $5.6 trillion surplus. The national debt is double what it was when Bush took office, wages are flat and unemployment is skyrocketing. The House-passed economic plan takes the necessary steps to dig our economy out of the hole the Bush Administration left it in, cut the deficit, and stimulate broad growth for the good of all Americans. ### |
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