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America’s looming debt crisis is the most predictable – and avoidable – economic calamity in our nation’s history. Make no mistake: empty promises from both political parties have gotten us where we are today. This explosion of debt is threatening to cripple our nation and rob our children and grandchildren of their future.
The American Recovery and Reinvestment Act, better known as the “stimulus,” turned three years old on Friday. When properly accounted, the price tag for this historic spending law is more than $1.1 trillion. To put this figure in perspective, the stimulus is more than twice the size of the New Deal and more than the entire value of Australia’s economy.
This past week President Obama delivered his State of the Union address to a joint session of Congress. Traditionally this speech has been a chance for the President to outline his agenda for the coming year. After more than three years of economic hardship, this was the time to chart a new path forward to put our nation back on a sounder fiscal and economic footing.
Washington, DC – Congressman Adrian Smith (R-NE) today released the following statement on President Obama’s State of the Union address:
Washington, D.C.– Congressman Adrian Smith (R-NE) today issued the following statement after voting for H.J. Res. 98, which disapproves President Obama’s request to increase the statutory debt limit:
Washington, D.C.– Congressman Adrian Smith (R-NE) today issued the following statement after the U.S. House of Representatives gaveled in the Second Session of the 112th Congress:
As we close the book on 2011, there is no question political brinksmanship prevented opportunities for America to move forward. There were, however, consequential, bipartisan accomplishments which will benefit the country. One area where Republicans and Democrats, Congress and the White House were all able to come together was advancing an aggressive trade agenda.
With the holidays upon us, the season brings with it an opportunity for us to pause and reflect on the past year. Looking back over the course of the last twelve months, the pursuit of change has shaped events both here at home and across the globe.
Washington, D.C. – Congressman Adrian Smith (R-NE) has joined 152 bipartisan Members of Congress in signing a letter urging Labor Secretary Hilda Solis to re-evaluate a proposed rule which would place burdensome restrictions on youth participation in agriculture.