Obama's Economic Recovery = Extraordinary (Failure)

From RSC Chairman Rep. Jim Jordan (OH-4) --

The jobs numbers that came out on Friday brought grim news. Last month’s increase of 69,000 jobs is far behind the pace needed even to keep up with population growth. Yet President Obama recently claimed at a campaign fundraiser that our economic “recovery” has been “extraordinary.” Unfortunately, the facts show otherwise.

In the chart below, the red line traces the rate of job growth from Feb. 2010, when the total number of jobs in America hit bottom. Compare that record to the brown line, which shows the average rate of job growth from the bottom of the previous 10 recessions. Based on this data, 4.3 million more Americans would have jobs today if only our economy had recovered at an average rate. Our kids deserve better than this.

When it comes to growing our economy, we shouldn’t be satisfied with anything less than extraordinary. Getting there will require us to make the right choice between a weak economy built on government subsidies and a strong one built on hard work and earned success. The president’s ideas aren’t working. Let’s try something that will.

RSC Chairman Rep. Jim Jordan (OH-4) to Oppose Spending Deal

FOR IMMEDIATE RELEASE			Contact: Brian Straessle
April 12, 2011				(202) 226-9717

RSC Chairman Jordan to

Oppose FY 2011 Spending Deal

Washington, DC – Republican Study Committee (RSC) Chairman Rep. Jim Jordan issued the following statement expressing opposition to the compromise spending deal struck for the remainder of FY 2011.

“I thank the Republican leadership for their efforts to cut spending and rein in Washington.  In January, the RSC launched an effort to cut a full $100 billion from President Obama’s budget, and nearly every Republican voted in favor of making those fiscally-responsible cuts.  By contrast, the tax-and-spend Democrats failed to pass their own budget last year, failed to take action on our spending plan this year, and never came up with a plan of their own.”

“While I respect that some of my Republican colleagues will ultimately support this spending deal, I believe voters are asking us to set our sights higher.  The debate is now turning to next year’s budget and the debt ceiling, both of which offer real opportunities to chart a better future than the one toward which the country is currently headed.  Making a real impact will require the discipline to do the right thing even when it’s the hard thing.  Americans want us to reach higher, act bolder, and remember the job we were sent here to do.”

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Republican Study Committee members introduce a Bill to prevent Default on the Debt

It looks like Congressman Jim Jordan is on a mission in D.C.! 

From The Republican Study Committee --

Led by Rep. Tom McClintock (R-CA), Republican Study Committee Chairman Jim Jordan (R-OH), Rep. Virginia Foxx (R-NC), and Rep. Scott Garrett (R-NJ), RSC members have introduced H.R. 421, the Full Faith and Credit Act.  In the event the statutory debt ceiling is reached, this legislation would direct the United States Treasury to prevent a default by paying principal and interest due on debt held by the public before making any other payments.  The bill has also been introduced in the Senate by Sen. Pat Toomey (R-PA).

“The ‘full faith and credit’ of the United States should not hang in the balance on every adjustment to the national debt limit,” said Rep. McClintock.  “States protect their credit by pledging first call on revenues to their debts and so should the federal government.  After all, before you can ‘provide for the common defense, promote the general welfare and secure the blessings of liberty,’ you have to be able to finance them.”

“A pitiful scare tactic already being used by the Treasury Secretary in the debt ceiling debate is the threat of allowing the federal government to default on its obligations,” said Chairman Jordan.  “This is government mismanagement at its worst.  Secretary Geithner knows full well that he has the authority to prioritize federal spending so that default is not an option.  This bill will take Secretary Geithner’s disastrous scenario completely off the table.”

“America's sterling credit rating is vital to our future prosperity,” said Rep. Foxx.  “This bill offers a simple safeguard to protect our credit and prevent a sovereign debt crisis.  It's the sort of common sense solution that we can easily put in place without wading into the debate over raising the debt ceiling.”

“This important piece of legislation ensures America’s debt rating and the threat of default on our debt cannot be used as political weapons.  This bill will remind the markets and the world that America will never default on its debt while giving Congress time to have a meaningful, reasonable discussion about how to rein in out-of-control spending and prevent our country from sliding further into debt,” remarked Rep. Garrett.

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Keep up the good work Congressman Jordan!

Jordan, Garrett and DeMint Unveil the Spending Reduction Act

Jordan, Garrett and DeMint
Unveil the Spending Reduction Act

Outline $2.5 trillion in spending cuts to help resolve growing debt crisis

Washington, DC – Today, Rep. Jim Jordan (R-OH), Chairman of the Republican Study Committee (RSC), Rep. Scott Garrett (R-NJ), Chairman of the RSC Budget and Spending Task Force, and Senator Jim DeMint (R-SC), Chairman of the Senate Steering Committee, unveiled the Spending Reduction Act, which begins to address the rapidly growing national debt by making substantial spending cuts immediately and throughout the next decade.

“The national debt has grown from $8.6 trillion four years ago to more than $14 trillion today,” said Jordan.  “This mountain of debt, nearly the size of our entire economy, threatens to create a whole new financial crisis.  Every day we refuse to change course and instill some fiscal responsibility, the problem grows even larger.  Unless Washington acts soon to cut spending, massive tax hikes, economic stagnation, and national bankruptcy will rob our children of the opportunity to reach for the American Dream.”

“The Spending Reduction Act gives us a $2.5 trillion head start in the race to preserve the fiscal stability of the United States,” said Garrett.  “This bill represents the first step in the process, not the last.  To achieve long-term fiscal stability, we must finish the race by making the tough decisions Congress has put off for far too long.  Only after we tear down barriers to job creation and make reforms to our entitlement programs can we truly resolve our debt crisis.”

“Our nation stands on the edge of a fiscal cliff and we face a stark choice: go over the edge into bankruptcy and declining freedom or choose to make the hard decisions today to save our country for our children and grandchildren," said Senator DeMint. "I'm proud to stand with Congressmen Jordan and Garrett against the wave of wasteful Washington spending. The Spending Reduction Act begins the difficult task of shrinking the federal bureaucracy that threatens our future prosperity. Congress must take the steps now to balance the budget, pay off our debt, and preserve freedom for future generations.”

Compared to current projections, the Spending Reduction Act would save taxpayers $2.5 trillion through 2021.  It starts by keeping House Republicans’ pledge to take current spending back to 2008 levels and repeal unspent funds from the failed “stimulus.”  

At the beginning of the next fiscal year on October 1, 2011, spending is further reduced to 2006 levels and frozen there for the next decade.  To help achieve these savings, the bill shrinks the size and cost of the civilian federal workforce and specifically targets over 100 budget items and spending reforms.

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Support the Economic Freedom Act

Below is the Press Release from Congressman Jim Jordan (OH-4) and his proposed Economic Freedom Act.  Please contact Ohio's members of Congress and ask them to support Congressman Jim Jordan's "Economic Freedom Act".  Contact information is listed below.

From Congressman Jim Jordan (OH-4) --

Economic Recovery Through Private Sector Growth

The American economy lost over 7 million jobs, and the American people are more than 4 trillion dollars deeper in debt today because the tax-and-spenders in Washington, D.C. failed to heed President Reagan’s words:

“Government is not the solution to our problem.
Government is the problem.”

The multi-trillion dollar government stimulus programs and taxpayer-funded bailouts have failed. A growing private sector economy is the only “stimulus program” that will create the jobs needed to restore America’s economic strength.

Congressman Jordan and Congressman Jason Chaffetz (R-UT) have introduced H.R. 5029, the Economic Freedom Act, a plan to unleash the power of America’s private sector economy.

The Economic Freedom Act would terminate the TARP and repeal the remaining stimulus, replacing them with a real stimulus plan to create jobs by:

           Reducing The Payroll Tax by Half for 2010 Providing immediate stimulus by increasing workers’ paychecks and improving the bottom line for employers.

Eliminating The Capital Gains Tax Encouraging the risk-taking and investment that is at the heart of the entrepreneurial spirit

Reducing the Corporate Tax Rate to 12.5% Improving America’s competitiveness in the global market and providing incentives for expansion and job creation

Permanently Eliminating the Death Tax Ensuring that small businesses and family farms, the engine of our economy, will continue creating jobs for future generations

Providing Immediate Business Expensing Encouraging long-term reinvestment in business, increasing competitiveness and creating jobs

Click here and listen to Congressman Jordan explain the EFA.

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Contact Info:

Below is the contact information for Ohio's members of the U.S. House.

Rep. Steve Chabot, OH-1
D.C. Office Phone: (202) 225-2216
D.C. Office Fax: (202) 225-3012
Email: https://chabot.house.gov/contact-me/email-me

Rep. Jean Schmidt, OH-2
D.C. Office Phone: (202) 225-3164
D.C. Office Fax: (202) 225-1992
E-mail: http://www.house.gov/schmidt/contact.shtml

Rep. Mike Turner, OH-3
D.C. Office Phone: (202) 225-6465
D.C. Office Fax: (202) 225-6754
E-mail: http://turner.house.gov/Contact/

Rep. Bob Latta, OH-5
D.C. Office Phone: 1-800-541-6446 (OHIO)
D.C. Office Fax: 1-800-278-8203
E-mail: https://latta.house.gov/Contact/default.aspx

Rep. Bill Johnson, OH-6
D.C. Office Phone: (202) 225-5705
D.C. Office Fax: (202) 225-5907
E-mail: https://forms.house.gov/charliewilson/webforms/issue_subscribe.htm

Rep. Steve Austria, OH-7
D.C. Office Phone: (202) 225-4324
D.C. Office Fax: (202) 225-1984
E-mail: http://austria.house.gov/index.cfm?sectionid=7&sectiontree=4,7

Rep. John Boehner, OH-8
D.C. Office Phone: (202)225-0600
D.C. Office Fax: (202)225-5117
E-mail: SpeakerBoehner@mail.house.gov

Rep. Marcy Kaptur, OH-9
D.C. Office Phone: (202)225-4146
D.C. Office Fax: (202)225-7711
E-mail: https://forms.house.gov/kaptur/webforms/issue_subscribe.htm

Rep. Dennis Kucinich, OH-10
D.C. Office Phone: (202)225-5871
D.C. Office Fax; (202)225-5745
E-mail: http://kucinich.house.gov/Contact/ContactForm.htm

Rep. Marcia Fudge, OH-11
D.C. Office Phone: (202)225-7032
D.C. Office Fax: (202)225-1339
Email: http://fudge.house.gov/index.cfm?sectionid=190&sectiontree=4,190

Rep. Patrick Tiberi, OH-12
D.C. Office Phone: (202)225-5355
D.C. Office Fax: (202)226-4523
Email: https://writerep.house.gov/writerep/welcome.shtml

Rep. Betty Sutton, OH-13
D.C. Office Phone: (202)225-3401
D.C. Office Fax: (202)225-2266
E-mail: http://sutton.house.gov/about/emailform.cfm

Rep. Steven LaTourette, OH-14
D.C. Office Phone: (202) 225-5731
D.C. Office Fax: (202) 225-3307
Email: http://latourette.house.gov/contact/contact-form.aspx

Rep. Steve Stivers, OH-15
D.C. Office Phone: (202)225-2015
D.C. Office Fax: (202)225-3529
E-mail: https://stivers.house.gov/contact-me/email-me

Rep. Jim Renacci, OH-16
D.C. Office Phone: (202)225-3876
D.C. Office Fax: (202)225-3059
E-mail: https://renacci.house.gov/contact-me/email-me

Rep. Tim Ryan, OH-17
D.C. Office Phone; (202)225-5261
E-mail: https://forms.house.gov/timryan/webforms/issue_subscribe.htm

Rep. Bob Gibbs, OH-18
D.C. Office Phone: (202)225-6265
D.C. Office Fax: (202)225-3394
E-mail: https://gibbs.house.gov/contact-me/email-me

*** Please note: some members of the House are using the "Write your Representitive" U.S. House email program and refusing to accept emails/comments from people outside their District.  For residency verification a zip code and at times an address is requested.

If you live within the District and do not wish to use your own address or if you live outside the District and still want to comment, you can enter the zip code and/or address of the local District Office for the member you are trying to contact.