BIlly Long, a candidate for the Republican nomination for the Seventh District Congressional seat currently held by Roy BLunt, released the following statement today concerning the federal stimulus:
One year ago, the Stimulus Act was hastily passed by Congress in an effort to stimulate the economy by increasing government spending by nearly a trillion dollars. Billy Long, an opponent of the stimulus from day one, urges Congress to end the Stimulus Act and focus on fiscal responsibility.
“Government spending is not the answer to our economic problems. The stimulus has been in effect for over a year, but we don’t have anything to show for it. I saw on Fox News today that there are over 2 million more unemployed people now than there were before the stimulus was passed. Our national debt has gone up by over $1 trillion and we haven’t even spent one-third of the money that was set aside for the program,” said Billy Long.
He continued, “The Congressional Budget Office announced that the stimulus will cost over $75 billion more than the $787 billion we were told it would cost. Clearly, we aren’t getting what we were promised by politicians from the stimulus – we’re just getting more debt. This massive waste of taxpayer money has done nothing. We could save nearly half a trillion dollars just by ending the program today. I hope that Congress will admit they made a mistake and vote to repeal the Stimulus Act in order to reduce our deficit.”