The Leader's Ledger

Posted by Brian Patrick on

Good morning,

Ahead of the jobs numbers tomorrow, this week we’ve seen several economic indicators showing the economy and job growth remains sluggish. That is why, House Republicans have put forth a robust plan which includes common sense policies to put our economy back on sure footing, manage down our debt and get people back to work. This morning on CNBC, Leader Cantor discussed the House GOP’s plan, saying, “What we're trying to do is create an environment where you do have more small businesses starting up and more entrepreneurs willing to invest money to create jobs. Republicans unleashed a plan last week for American job creators – the small businesses and entrepreneurs of this country - to get them back into the game. We're trying to make sure that Washington stops hurting small business, and again, begins to create an environment where you're going to see entrepreneurs and small business folks willing to invest their capital.”

House Republicans have substantive plans to get Washington's fiscal house in order and get people back to work. On the other hand, Democrats have nothing to offer but support for the broken status quo and more taxes. Raising taxes on families and small businesses – who are the biggest job creators in our country – at a time when we are trying to boost economic growth and get people back to work is precisely the wrong move. Yesterday at the White House, Leader Cantor again made very clear that the House will not embrace any plan to raise taxes – period. Democrats need to get serious, come forward with real proposals and join us in our efforts to get the economy back on track.

Today In History: In 1989, the boys’ prep school drama Dead Poets Society is released in selected U.S. theaters. Set in 1959 at a fictional all-male preparatory school called Welton Academy, the film starred Robin Williams as John Keating, a charismatic English teacher who encourages his students to “carpe diem” and embrace the passion for life expressed by great poets like Walt Whitman.

Birthdays: Rep. Mike Rogers, Justin Long, Wayne Brady, Dennis Haysbert, and Stacy Keech

State of Play: Cantor, House GOP Focus On Creating An Environment For Economic Growth

Leader Cantor Focuses On Pro-Growth Policies At WH Discussions. House Majority Leader Eric Cantor, a Virginia Republican, said after the White House meeting that as debt-limit negotiations continue, it’s “very, very important for us to look at growth as part of the fix.” Cantor said he asked Obama to work with Republicans on a “tax reform plan” that is being put together by Ways and Means Committee Chairman Dave Camp, a Michigan Republican. He also asked Obama to steer clear of “any notion that we’re going to increase taxes” as part of any agreement on raising the debt limit “It’s counterintuitive to believe that you increase taxes on those individuals and entities that you are expecting to create jobs,” Cantor said. Bloomberg

Leader Cantor: Republicans Are Working To Boost Small Business Job Growth. “You can't wave a magic wand in Washington and tell companies to hire. What we're trying to do is create an environment where you do have more small businesses starting up and more entrepreneurs willing to invest money to create jobs. We know in America most jobs come from small businesses. That's why we Republicans unleashed a plan last week for American job creators – the small businesses and entrepreneurs of this country - to get them back into the game. We're trying to make sure that Washington stops hurting small business, and again, begins to create an environment where you're going to see entrepreneurs and small business folks willing to invest their capital.”CBS’ The Early Show

  • Cantor: We Need To Be Focused On Growth, Not Simply Pumping More Money Into The Economy. “The discussion really focused on the philosophical difference on whether Washington should continue to pump money into the economy or should we provide an incentive for entrepreneurs and small businesses to grow,” said Eric Cantor, the majority leader. “The president talked about a need for us to continue to quote-unquote invest from Washington’s standpoint, and for a lot of us that’s code for more Washington spending, something that we can’t afford right now.” The New York Times


The President’s Anti-Growth Agenda: President Obama’s Policies Have Stalled Economic Growth

President Obama’s Policies Are Stifling Economic Growth. A "smart" economy would at least have the virtue of clarity for the purposes of planning and capital investment. The Obama economy does not. Economic decision-makers—from 401(k) investors to Fortune 500 CFOs—are flying instrument-less through the clouds because that is where the policy choices made by this White House have left them. ... Hundreds of thousands of economic actors across the country now wait while the bureaucracies struggle to interpret 4,000 pages of "smart" legislating. ... It is sometimes unfair to tag presidents with blame for an underperforming economy. Not this time. This president made conscious policy choices during a deep recession to reorder vast swaths of American industry. Strong-performing economies need clarity. Barack Obama has given ours indecision stretching to the horizon. The Wall Street Journal

  • The Result Of President Obama’s Economic Agenda ... Forecasters Continue To Lower Growth Expectations. Instead of accelerating, the U.S. economy is puttering along at a growth rate of 2 to 3 percent — barely enough to bring down joblessness slowly, if at all. ... the outlook, as projected by economic forecasters and implied in government data, is clearly dimming. Economists at J.P. Morgan Chase on Wednesday lowered their projection for 2011 growth in gross domestic product to 2 percent. A week ago, those same economists had reduced the figure to 2.5 percent. The Washington Post

Minimal Growth Will Lead To Higher Unemployment Rates. Most economists agree that GDP growth below 3% isn't enough to create sufficient jobs in the private sector to keep unemployment from rising. Economists also widely believe that our extraordinarily reckless fiscal profligacy is hurting our recovery. From 2008 to 2010, the U.S. borrowed over $3.1 trillion. It will borrow another $1.5 trillion this year. At the same time, the Fed has added $2 trillion to its balance sheet, mostly to buy all that new debt. Investor’s Business Daily


The Road Ahead: Trillions Can Be Saved By Tying Spending Cuts To The Debt Limit

Leader Cantor: There Are Trillions In Spending Cuts and Savings To Be Made If President Obama Steps Up. “The President said nothing he would propose could pass in the House and again, that was really indicative of where the President has missed the boat in terms of trying to lead. We have come to the table, we have a concrete plan in place to save trillions of dollars over a 10-year budget window and believe that we can find ways to cut. There are potentially trillions of dollars of agreement that we could have. I’m serving with the Vice President in the talks that are taking place twice a week here in Washington and I can tell you there is a potential for trillions of dollars in savings if the President and his side would come together and actually say, the American people expect us to produce results here, let's do it.” Fox & Friends

Taylor: Linking Spending Reductions To The Debt Limit Is Essential To Stop The Ongoing Debt Explosion. Yet these arguments do not consider the enormous benefits to the economy from linking the debt limit to spending reductions. It is essential to a credible return to sound fiscal policy and an end to the ongoing debt explosion. Such credibility is needed to bolster the weak recovery and reduce unemployment as government spending levels are adjusted. A statement released yesterday that I signed with 150 economists—including former Treasury Secretary George Shultz and Nobel Prize winner Robert Mundell—says "Increasing the debt ceiling without significant spending cuts and budget reforms . . . will bring further harm to private-sector job growth in America." ... Rather than calling for a clean debt limit increase, Washington economic officials should be calling for a package linking the debt limit hike to spending reductions. The Wall Street Journal


Dems & Mediscare: Fact Checkers Continue To Skewer DNC Chair Debbie Wasserman Schultz, While Other Democrats Continue To Dodge Questions About Lacking A Plan To Save Medicare

AP Fact Check: DNC Chair Debbie Wasserman Schultz, Fellow Democrats Continue To Distort The GOP’s Medicare Plan. Democrats are distorting the fundamentals of a Republican plan to reshape Medicare, falsely accusing the GOP of pushing a proposal that tells the elderly "you're on your own" with health care and that lets insurers deny coverage to the sick. ... First, the Ryan plan explicitly forbids insurance companies from denying coverage to anyone who qualifies for Medicare, including those who have pre-existing illnesses. Second, it does not merely send money to the elderly and leave them to their own devices in arranging for medical care. ... Wasserman Schultz and some other Democrats who accuse the GOP of wanting to "end Medicare" have skipped past the complicated crux of that debate, instead attacking provisions that do not exist. The Associated Press

  • DCCC Chairman Steve Israel Dodges Questions About Democrats Lacking A Plan To Save Medicare. New York Rep. Steve Israel, the chairman of House Democrats ’ campaign committee, was peppered with questions at a breakfast with reporters Wednesday morning about just what direction the party would take Medicare. Israel, like most Democrats, didn’t offer too many specifics about what his party would do, except to note that the costs shouldn’t get shifted to seniors and that certain expenditures need to be cut and certain revenues increased. The Washington Post


Getting To Know The Freshmen

Trey Gowdy: Rep. Trey Gowdy represents the 4th Congressional District of South Carolina. He and his wife, Terri, have two children, Watson and Abigail. He received his B.A. from Baylor University and his J.D. from the University of South Carolina. For the last 16 years, he served as a prosecutor, first as an Assistant U.S. Attorney and then as 7th Circuit Solicitor. Little known fact: He plays to a 4 handicap. (Courtesy of the Whip’s Office)


Off The Beaten Path

Feel Good Story: Cat Rescued From Tree In Brooklyn – NY Post

The Police Hat-Trick: Cops Use Taser, Pepper Spray, and K-9 To Subdue Man – WPXI


The Schedule

Today, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected: 1:00 - 1:45 p.m. Last votes expected: 6:00 - 7:00 p.m.

  • One Minute Speeches
  • Complete Consideration of H.R. 2017 - The Department of Homeland Security Appropriations Act, 2012 (Open Rule) (Sponsored by Rep. Robert Aderholt / Appropriations Committee)

The rule provides for no further general debate and makes in order any amendment offered that complies with the House rules.

Postponed Amendment Votes:

Rep. Hansen Clarke Amendment
Rep. Pete Sessions Amendment
Rep. Cynthia Lummis Amendment
Rep. John Carter Amendment
Rep. David Price Amendment
Rep. Brad Sherman Amendment
Rep. Paul Gosar Amendment
Rep. Steve Scalise Amendment
Rep. Steve King Amendment
Rep. Chip Cravaack Amendment
Rep. Justin Amash Amendment #1
Rep. Justin Amash Amendment #2
Rep. Justin Amash Amendment #3
Rep. Todd Rokita Amendment #1
Rep. Todd Rokita Amendment #2

  • Possible Consideration of H.R. 2055 - The Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2012 (Open Rule) (Sponsored by Rep. John Culberson / Appropriations Committee)

The rule provides for one hour of general debate and makes in order any amendment offered that complies with the House rules.

  • Special Order Speeches
     




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