Our economy needs a growth spurt. This morning’s disappointing jobs news reinforces the notion that the Obama Administration has failed to grow our economy and create jobs for people out of work. Despite months of stagnant economic growth, White House and Congressional Democrats have not offered any plan to create jobs, reduce our debt, or grow our economy. In fact, beyond demagoguery, the only plan the Democrats have offered is raising taxes on the same small business owners that they are asking to create jobs.
On the other hand, House Republicans are offering real policy solutions to grow our economy, help small businesses expand and create jobs. Through our Plan for America’s Job Creators, small businesses can finally add jobs to the economy. We will fundamentally reform the tax code, institute a sensible regulatory policy, and pass free trade agreements to increase competitiveness for American manufacturers to grow our economy and get people working again.
Speeches and rhetoric are no enough to grow our economy, actions are needed.
Today In History: In 1965, one hundred and 20 miles above the earth, Major Edward H. White II opens the hatch of the Gemini 4 and steps out of the capsule, becoming the first American astronaut to walk in space. Attached to the craft by a 25-foot tether and controlling his movements with a hand-held oxygen jet-propulsion gun, White remained outside the capsule for just over 20 minutes.
Birthdays: Rep. Roscoe Bartlett, Rafael Nadal, Anderson Cooper, Dr. Charles Drew Tomorrow: Russell Brand and Angelina Jolie
Here is what’s in today’s Ledger ...
State Of Play: House Republicans Challenge President Obama To Step Up and Join Them In Implementing A Pro-Growth Strategy
Leader Cantor: Despite Warning Signs, President Obama & Congressional Dems Have Failed To Put Forward A Plan To Create Jobs, Reduce The Deficit, Or Grow The Economy. House Majority Leader Eric Cantor (R-Va.) immediately used the report to criticize Obama and congressional Democrats for calling for higher taxes as part of a deal to reduce annual deficits while raising the nation's debt ceiling. "Today's disappointing jobs report shows that our economy needs an injection of growth oriented policies to ensure that businesses can innovate, expand and begin hiring," Cantor said. "It is astounding that despite the warning signs and economic indicators, President Obama and Congressional Democrats still have failed to offer any concrete plan to create jobs, reduce our debt, or grow our economy. Instead, the President, Leader Reid and Leader Pelosi want to raise taxes on the very small business owners and entrepreneurs that we are relying on to create jobs, which House Republicans will not let happen." The Hill
Chairman Hensarling: It’s Time For President Obama To Join Republicans In Empowering America’s Small Businesses, Families and Entrepreneurs. “Job number one for House Republicans is creating jobs for the American people. Ending our spending-driven debt crisis, removing regulatory burdens, making America more competitive and creating a simpler, flatter, and fairer tax code will help our economy grow and the private sector create jobs. It’s time for the president to join us in empowering, not burdening, our nation’s small businesses, families, and entrepreneurs.” Press Release
Chief Deputy Whip Roskam: The White House Is Not Showing Leadership On The Economy. “The White House is not self-aware. The White House is not aware of how they’re being perceived in the House of Representatives,” Roskam said. “They’re not substantively engaged on Libya; they are not substantively engaged on the Patriot Act; they are not substantively engaged on trade; they are not substantively engaged — at least up until now — on the debt ceiling.” Politico
The Democrats’ Anti-Growth Agenda: President Obama’s Focus On Increasing Regulation and Raising Taxes Has Crippled Economic Growth
The Administration’s Endless Push For Higher Taxes and Increased Regulation Stops Businesses From Hiring. But that doesn't mean the broader economy, defined by how many people are working, is getting noticeably better anytime soon. In fact, don't expect any major hiring sprees by corporate America in the next two years -- and, if policies don't change in Washington, possibly not in our lifetimes. The problem for the average American worker: Businesses have learned to make money by cutting costs (i.e., jobs) or relocating to China and India. And it's not merely that it's cheaper to operate overseas; a huge part of the problem is the fear that it's going to keep getting more expensive to hire here. Both small-business owners, and analysts who cover these companies tell me that many American businesses would like to stay here, but they see no letup in sight in the endless stream of taxes and regulations coming from an administration most of them consider anti-business. ... those problems have only been compounded now: ObamaCare's on track to add serious costs; the administration may yet give us some crazy energy plan; the president's reaffirmed his desire to reverse the Bush-era tax rates, which would amount to one of the largest tax-hikes in history. New York Post
The Debt Limit Debate: Instead Of Focusing On Cutting Spending, Democrats Continue To Push For Job-Crushing Tax Increases
Dem Caucus Chair: Democrats Are United In Favor Of Raising Taxes. Democratic Caucus Chairman Jon Larson (D-CT) said lawmakers left "united" against any discussion that does not include "revenue raisers." Talking Points Memo
GOP Freshmen Reject WH Call For Tax Hikes, Ask For Specifics On Debt Limit. A source present at the meeting with Geithner said he called for tax hikes to equal $1 trillion and $2 trillion in spending cuts, including changes to the Medicare reimbursement rate to doctors. ... Rep. Tim Scott, a South Carolina Republican who is a member of the GOP leadership, said, “We need the specificity and the details from the other side for us to have a serious conversation about any increase in the debt ceiling.” ... it did seem like he was there more to plead the president’s case than to listen to us,” said Rep. Adam Kinzinger. “He talked about letting the [Bush] tax cuts expires and raising taxes and that for us is a nonstarter.” ... Rep. Diane Black (R-Tenn.) is putting that concern on paper. Black said she plans to send Obama a letter to ask for a “specific plan” that can be scored by the Congressional Budget Office, in addition to a plan from the administration on what they will do if the statutory debt cap is reached. Politico
Attaching Spending Cuts and Binding Budget Reforms To The Debt Limit Shows Republicans Are Serious About Getting The Nation’s Fiscal House In Order. Raising the ceiling without attempting to control spending is a depressing and wearying thought. It will avert crisis, yes, but there would be no gain in it beyond that. It would demonstrate to the world that we are not capable of taking necessary steps to dig our way out of the spending mess. It would mean things just continue as they are. But cutting and reforming—showing we can make tough decisions in a crisis—will reassure the world, and our creditors. It will increase faith in the United States, and increase an American sense of well being: "We can do this, we can make it better." It would be very good to leave the world saying, "My God, the Americans are still competent." Washington should forget taxes for now—fight that out later. The polls are all over the place, and no feasible amount of new revenue is going to make a difference. Cutting is what matters. The Wall Street Journal
The Road Ahead: Where Is The Democrats’ Plan To Prevent Medicare From Going Bankrupt?
The GOP Approach To Saving Medicare Would Create The Right Incentives For Cutting Costs Without Putting Undue Burdens On Seniors. It's clear that Medicare-spending growth must be curtailed and eventually limited to the growth rate of GDP—if not below. The big question now is how to do it. ... A better way to encourage accountable care is the "premium-support" model proposed by House Budget Committee Chairman Paul Ryan, among others. This is a managed competition model in which government would make a defined contribution and beneficiaries would have a choice from a variety of health plans with no discrimination based on health status. Standard coverage contracts would make comparisons possible for ordinary people. Competition would drive health plans to innovate in ways that cut waste and improve quality. And the use of exchanges would drastically reduce marketing costs, so insurance companies would not be taking 20% off the top, as is currently the norm. This is not "the end of Medicare," as some would have you believe. As Rep. Ryan wrote in these pages in April: "Medicare will provide increased assistance for lower-income beneficiaries and those with greater health risks. Reform that empowers individuals—with more help for the poor and the sick—will guarantee that Medicare can fulfill the promise of health security for America's seniors." These are also not "vouchers" in which "seniors would, in effect, be handed a coupon and told to go find private coverage," as columnist Paul Krugman recently wrote in the New York Times. Under the Ryan plan, seniors would receive a menu of participating contractors to choose from. And because Medicare Administrative Contractors, the firms that pay Medicare claims, are already private, this is not exactly "privatizing Medicare" either. The Wall Street Journal
Getting To Know The Freshmen
Scott Rigell: Rep. Scott Rigell (RIDGE-ull) represents Virginia’s second district, which includes Virginia Beach, the Eastern Shore, part of Norfolk and part of Hampton. His district is home to the largest concentration of active duty and retired military in the country. Scott, a former Marine, serves on three committees that closely match the needs of the 2nd District: the House Armed Services Committee, the Committee on Homeland Security, and the Committee on Science, Space and Technology. Scott and his wife, Teri, have three daughters, one son (who is a Marine), two fine sons-in-law, and TWO grandchildren, Parks and Reese. Little known fact: Scott is a really good drummer.
Off The Beaten Path
MI6 Attacks Al-Qaeda In 'Operation Cupcake' – The Telegraph
Customs Agents Seize 1,932 Bogus Karaoke Machines In Los Angeles – Reuters
Rare Electric-Blue Lobster Snagged Off The Coast Of P.E.I – CBC
Today, House will meet at 9:00 a.m. for legislative business. First votes expected: 10:00 - 10:30 a.m. Last votes expected no later than 3:00 p.m.