By Rep. Todd Tiahrt, Special to The Kansas City Star
Salvation from our economic woes is what the Obama administration wanted us to believe the stimulus plan would be. The unemployed would be given jobs, and not just a few thousand, but 3 million to 4 million. A trillion dollars of borrowed money and all would be well. Even our electric bills would be lowered. Such were the promises from our president.
Contrary to promises of a new beginning for workers, another 1.5 million Americans lost their jobs in the weeks and months after the enactment of the stimulus bill. And we saw $1.3 trillion of private wealth evaporate in the first quarter alone. With just two quarters remaining this year, the Democrats’ stimulus plan is miserably failing the people and needs to be shut down.
Even European governments are looking for a way to stop borrowing so much money. After a two-day summit in Brussels, 27 European Union leaders agreed it is time to clean up budget deficits acquired while fighting the financial crisis. “There is a clear need for a reliable and credible exit strategy,” they said in a statement. Perhaps they understand more clearly how increasing debt is unsustainable.
That is why I introduced the Repeal the Stimulus Act of 2009 along with several other legislative initiatives to help get us out of this quagmire. Thanks to unprecedented federal spending, we and our children are hundreds of billions of dollars in further debt to China. The spending and the borrowing must stop.
True economic stimulus puts money back into the economy by returning more to individuals (that’s you and me) and small businesses (the institutions that generate up to 80 percent of the new jobs in this country).
Economic recovery does not come by creating generous government programs and bureaucratic bastions. A lasting recovery comes by growing the economy from the ground up rather than pursuing bungling notions of growing the economy from the government down.
By rescinding unobligated money in the Democratic stimulus spending bill, we would save taxpayers from borrowing an estimated quarter of a trillion dollars. This is money the government wanted to take from us but could not because we ran out. So our leaders decided to borrow from countries such as China, and when that failed, officials resorted to printing a trillion dollars.
Under the leadership of President Obama and House Speaker Nancy Pelosi, we are expanding programs we do not need with borrowed money we cannot afford.
Despite unanimous support from House Republicans, Democrats voted against my proposals to put an end to out-of-control spending plaguing Washington. It has happened multiple times in committee meetings and on the House floor. The outcome is the same: Democrats refuse to stop the spending.
There is a better solution. Our government could provide more opportunity to create and keep American jobs. We know when innovative ideas get into the marketplace our economy grows. We should be reforming regulations by evaluating them with a cost-benefit analysis, changing our tax policy to welcome capital back into our economy and revising our litigation systems.
When workers can keep more of their income, they spend it, save it or invest it.
Spending generates activity in private markets. Saving creates more money for loans. Investing provides resources for capital investments that grow businesses and create jobs. All three yield good news for our economy.
A few of us are taking on this fight in Congress, but we need a grassroots movement, a tide of public sentiment. Repealing bailouts, stimulus spending and Soviet-like takeovers of private industries will happen only when the people decide they no longer believe the president’s costly, unattainable promises. Let’s place our optimism in opportunity, not oppressive government.
U.S. Rep. Todd Tiahrt, a Kansas Republican from Goddard, is chairman of the House Economic Competitiveness Caucus and serves as the ranking Republican on the Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies.









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Like the Inspector General
Who was fired illegally since the big 0, the messiah, did not give congress 30 days notice.
I guess this is just more "change you can believe in"...
less then 16 months until sanity returns
By the way, I seem to remember the press
going apesh*t over the Bush administration firing some federal prosecutors. What makes me think that they won't mention it when Obama fires or shuts up his people?
Kcgrh -
I especially liked this paragraph:
"Back in the 1980s, Reagan’s own economist, Martin Feldstein, spoke up when he felt that the Reagan administration was pushing the deficit too far. Where are the economists with such character today? Apparently, the job description for economists has transformed from recommending policies that are defensible to defending whatever policies that the political hacks in the West Wing dream up."
.
If they speak up - they're OUT! (the same way the EPA guy was shut up)
Bloomberg on the big 0's, the messiah, Economics...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTKrn1jUJwdE
mfpdx....
Let's see, could we neos have better ideas??? No, nothing is better then the messiah, the big 0.
16 months until sanity returns...
And Bush?
Hm....and Bush did not take from that fund? Bush did not squander a surplus?
Jobs, Todd
You have a great cause there, Todd without getting mired in the Treasury Department’s stimulus spreadsheets. Get out there and do what you can with your access and influence to create jobs. Work with businesses. This is not going to get better with government magic money and most folks on both sides of the Federal and States’ aisles know that…think about it over the summer and come back with a plan…
WHY does this country listen to neo's and their ilk?
Why aren't we ignoring the willfully ignorant, instead of giving them air time and newspaper time......and legitimizing their insanity?
re-peel the onion?
This train departed the station as of last September.
Pretty complex to request much less orchestrate a stimulus “do-over”. We’ve peeled the onion and the layers are diced and cooking in multiple pots right now.
Repeal the stimulus before it bankrupts us further
I came across this website quite by accident and although I am far from being a mid westerner, I feel that I can speak from first hand experience what it is like to live in a democratically controlled state.
I live in New York state where the tax rates would probably make most Midwesterners cringe, I pay almost $10,000 dollars a year for the privilege of owning a modest bi-level on 1/3 of an acre located in Orange County NY about 70 miles north of NY City.
My school taxes make up the bulk of that burden where we have a school population of 7420 students and a school budget that is 146.8 MILLION DOLLARS... anyone care to do the math!!! We could put a student through college for less than we spend on a kindergarten student in this district.
Many here that are trying to demean Rep Tiahrt and crying give Obama's plan a chance and try to blame the current mess on Bush… forget that the democrats controlled both house of congress for forty years (see link)
http://en.wikipedia.org/wiki/United_States_Congress
“During Roosevelt's administration, from 1933 until 1945, the Democratic Party controlled both houses of Congress. Republicans won control of both houses in the 1946 elections, only to lose them in 1948; with Republican Dwight D. Eisenhower's election to the presidency in 1952, Republicans again won both houses. However, after the Democratic Party again won back control in the elections of 1954, it was the majority party in both houses of Congress for most of the next 40 years.”
The democrats have always been good at spending others money and since they were the ones in charge of the hen house for forty years, during which time our Social Security Trust Fund was looted and used to buy favor with voters that were unable to see that the pork barrel projects they thought were wonderful ideas, were eventually going to destroy their retirement years.
Does anyone ever ask where the money is going to come from anymore, or is it OK to just keep postponing the pain onto future generations?
The representatives that started this Ponzi scheme are going to be dead and buried by the time this mess fully impacts our children and grandchildren, but I ask you... does it make sense to try and spend your way out of bankruptcy???
Would this type of behavior work for us as individuals???
The world is watching in amazement that the American public is condoning this type of irresponsible action by our elected representatives, the Chinese are laughing at our Treasury Secretary when he visited there and tried to lecture them on economics.
We as citizens of this country have the right to expect our elected officials to act in our interest rather than their own, sadly though we seem to be unable to break the habit of putting the foxes in charge of the hen house when elections roll around.
I'm sure there will be dissenting opinions, but before you jump on me for simply being the messenger, please ask yourself a couple of questions like...
Where will we get a TRILLION DOLLARS a year to pay the interest on the debt that is already out of control?
Where will we get the TRILLIONS OF DOLLARS to pay what has been stolen from the citizens of this country?
Please check out this link and take a look at our country's debt and think about this when you do, since our government (unlike a business)does nothing to earn money, the only way they get funding is by printing more money(WHICH IS HIGHLY INFLATIONARY) or raising taxes.
http://zfacts.com/p/461.html
In my opinion Rep Tiahrt's bill is an idea that is long overdue and the Obama stimulus plan which was never read (since when do we sign contract without reading them) should never have been passed.