WASHINGTON – House Republican Conference Chairman Jeb Hensarling (R-Texas) released the following statement after joining American job creators from businesses of all sizes and members of the House Republican leadership for the interactive “Forum on Job Creation.”
“Americans know full well that you can’t help the job seeker by punishing the job creator. And we can’t tax, spend, borrow, and bailout our way to economic growth and job creation. The Democrats tried, and as a result, federal spending rose to record highs and unemployment climbed to 9 percent or higher for more than 20 months – the worst jobless streak since the Great Depression.
“Uncertain national debt, uncertain taxes, and uncertain regulatory burdens will lead to certain unemployment. In order to restore confidence in our economy, the government has to stop spending money that it doesn’t have. Employers fear – rightfully so – that historic debt will lead to historic taxes, which will result in even fewer jobs for Americans.
“House Republicans are fully committed to removing barriers to job growth by rebuilding an environment of economic confidence for our nation’s job creators. We are grateful to all the participants for sharing their unique experiences with us. We will continue to listen to our job creators as we craft policies to provide them with more economic certainty which will help Americans get back to work.”
Note: Yesterday the Joint Economic Committee Republicans released a new report titled “Spend Less, Owe Less, Grow the Economy” that reviews four decades of economic studies showing countries that implement spending cuts to reduce their debt actually boost job creation and economic growth in the short-term. The report can be found here.