Saturday, November 17, 2007

Garrett's Pledge to the President

As I noted yesterday, Representative Scott Garrett has signed a pledge to the President supporting his decisions on Appropriations bills. It's unfortunate that someone who professes strong conviction and understanding of the Constitution would be so willing to abdicate his responsibility not only to us as constituents but to the Founding Father's intent.

Here's a few facts that make the decision more disturbing to anyone with a minor interest in fiscal responsibility or economic growth:

Budget Surplus/Deficit (without borrowing against Social Security):
2000: $1,629,000,000.00
2006: -$537,271,000,000.00
(That's a 33,082% increase)

Total Deficit:
January 2001: -$5,728,195,796,181.57
Today: -$9,113,206,502,561.64
(That's a 59% increase)

US Dollar vs. the Canadian Dollar:
November 2001: $1 =$1.54
11/16/07: $1 = $1.02
(That's a 33% drop in value)

Consumer Prices vs. Median Income:
Consumer Price Increase Oct. 2000-2006: 13.60%**
Median Income Increase 2000-2006:13.67%
(Feeling you're not getting ahead?)

Unemployed People:**
Oct. 2000: 5,153,000
Oct. 2007: 6,773,000
(That's a 31.4% increase)

People Working Two Jobs:**
Jan. 2001: 7,134,000
Oct. 2007: 7,852,000
(That's a 10% increase)

Labor Force vs. Employed Oct. 2000- Oct. 2007:**
Increase in Labor Force: 7.5%
Increase in Employed: 6.5%

With a track record like this, signing on to blindly follow the President's lead significantly cuts into the image of Garrett as an independent kind of guy, fiscal conservative, or pro-growth. As I've mentioned earlier, regarding the SBA, often times the things the President and Garrett seek to cut are the very things that provide a return on investment for the taxpayer and reduce expenditures for things like unemployment and medicaid by creating jobs. There's more to be written about this, however this can get folks started.

**It was brought to my attention that the links don't work. The source is the Bureau of Labor Statistics. Their site was off line the few times I checked today, will post numbers tomorrow (11/18/07).

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