|2:48 PM EST||
Robert Andrews, D-NJ 1st
Mr. ANDREWS. And I know there is disagreement over whether that was the right thing to do. I think it was absolutely the right thing to do because it stimulated between 600,000 and 1.6 million jobs thus far being saved or created.
Let me say this to you: irrespective of how you recount the history as to how we got here, here we are. And to deal with this problem it seems to me there are three inescapable things we have to do. The first is to get entitlement spending under control. Frankly, our side believes the health care reform bill does exactly that, and the Congressional Budget Office would concur--nearly $500 billion in entitlement [Page: H15425]
reductions over a 10-year period. Second,
you have to get revenue back on track. Our budget calls for a repeal of the tax reductions for those that are in the top 5 percent or so of the country. I think that is the responsible thing to do. No one on the other side voted for that. And finally, we have to stop spending $300 or $400 billion a year to buy oil from other parts of the world. We had legislation here that would put us on that path and build American jobs. Almost no one--single digits--on the other side voted for that.
So this is the day when the minority expresses outrage. There ought to be some other days when the minority expresses some ideas, some plans on how to fix the problem.