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Occurrences in the Congressional Record

Entry Title Date
Concurrent Resolution On The Budget For Fiscal Year 2016 March 25, 2015
Marlin Stutzman, R-IN
"(a) Findings.—The House finds the following: (1) Although the United States economy technically emerged from recession more than 5 years ago, the subsequent recovery has felt more like a malaise than a rebound. Real gross domestic product GDP growth over the past 5 years has averaged slightly more than 2 percent, well below the 3.2 percent historical trend rate of growth in the United States. Although the economy has shown some welcome signs of improvement of late, the Nation remains in the midst of the weakest economic recovery of the modern era. (2) Looking ahead, CBO expects the economy to grow by an average of just 2.3 percent over the next 10 years. That level of economic growth is simply unacceptable and insufficient to expand opportunities and the incomes of millions of middle-income Americans. (3) Sluggish economic growth has also contributed to the country’s fiscal woes. Subpar growth means that revenue levels are lower than they would otherwise be while government spending (e.g. welfare and income-support programs) is higher. Clearly, there is a dire need for policies that will spark higher rates of economic growth and greater, higher-quality job opportunities (4) Although job gains have been trending up of late, other aspects of the labor market remain weak. The labor force participation rate, for instance, is hovering just under 63 percent, close to the lowest level since 1978. Long-term unemployment also remains a problem. Of the roughly 8.7 million people who are currently unemployed, 2.7 million (more than 30 percent) have been unemployed for more than 6 months. Long-term unemployment erodes an individual’s job skills and detaches them from job opportunities. It also undermines the long-term productive capacity of the economy. (5) Perhaps most important, wage gains and income growth have been subpar for middle-class Americans. Average hourly earnings of private-sector workers have increased by just 1.6 percent over the past year. Prior to the recession, average hourly earnings were tracking close to 4 percent. Likewise, average income levels have remained flat in recent years. Real median household income is just under $52,000, one of the lowest levels since 1995. (6) The unsustainable fiscal trajectory has cast a shadow on the country’s economic outlook. investors and businesses make decisions on a forward-looking basis. they know that today’s large debt levels are simply tomorrow’s tax hikes, interest rate increases, or inflation and they act accordingly. This debt overhang, and the uncertainty it generates, can weigh on growth, investment, and job creation. (7) Nearly all economists, including those at the CBO, conclude that reducing budget deficits (thereby bending the curve on debt levels is a net positive for economic growth over time. The logic is that deficit reduction creates long-term economic benefits because it increases the pool of national savings and boosts investment, thereby raising economic growth and job creation. (8) CBO analyzed the House Republican fiscal year 2016 budget resolution and found it would increase real output per capita (a proxy for a country’s standard of living) by about $1,000 in 2025 and roughly $5,000 by 2040 relative to the baseline path. That means more income and greater prosperity for all Americans. (9) In contrast, if the Government remains on the current fiscal path, future generations will face ever-higher debt service costs, a decline in national savings, and a “crowding out” of private investment. This dynamic will eventually lead to a decline in economic output and a diminution in our country’s standard of living. (10) The key economic challenge is determining how to expand the economic pie, not how best to divide up and re- distribute a shrinking pie. (11) A stronger economy is vital to lowering deficit levels and eventually balancing the budget. According to CBO, if annual real GDP growth is just 0.1 percentage point higher over the budget window, deficits would be reduced by $326 billion. (12) This budget resolution therefore embraces pro-growth policies, such as fundamental tax reform, that will help foster a stronger economy, greater opportunities and more job creation. (b) Policy on Economic Growth and Job Creation.—It is the policy of this resolution to promote faster economic growth and job creation. By putting the budget on a sustainable path, this resolution ends the debt-fueled uncertainty holding back job creators. Reforms to the tax code will put American businesses and workers in a better position to compete and thrive in the 21st century global economy. This resolution targets the regulatory red tape and cronyism that stack the deck in favor of special interests. All of the reforms in this resolution serve as means to the larger end of helping the economy grow and expanding opportunity for all Americans."
Honoring Dr. Erno Daniel February 25, 2015
Lois Capps, D-CA
"Mr. Speaker, today I rise to honor the memory of Dr. Erno Scipiades Daniel who passed away on February 21, 2015. Dr. Daniel was a devoted and renowned physician in our local community of Santa Barbara, California and although he has passed, his legacy will remain with us for years to come. Dr. Daniel was born on December 15, 1946 in Budapest, Hungary and as a child lived through the Hungarian Revolution of 1956. As a teenager he immigrated to the United States with his mother and sister to reunite with his father who left for the U.S. a decade earlier. In 1964, Dr. Daniel not only earned his American citizenship, but also a high school diploma from Santa Barbara High School. He continued his studies at the California Institute of Technology earning an undergraduate degree in chemistry, later receiving a master’s degree and PhD from the University of California, San Diego. An outstanding and hardworking student, Dr. Daniel then graduated from medical school at the University of California, Los Angeles, where he also completed his residency in internal medicine. Dr. Daniel is known as a dedicated and distinguished physician throughout our community where he practiced at the local Sansum Clinic since 1978. Later in his life he also served as the medical director of the Vista del Monte Rehabilitation and Care Center, was on the medical and scientific advisory board of the Center for Cognitive Fitness and Innovative Therapies of Santa Barbara, and devoted his time at Santa Barbara’s Cottage Hospital teaching in the internal medicine residency program. Known for his expertise in geriatric medicine, Dr. Daniel established himself as a leading educator in dementia and Alzheimer’s disease. He traveled across the United States lecturing on these diseases and was the author of a variety of educational sources discussing the topic. Not only was Dr. Daniel a brilliant physician, but also a loving husband, father, and grandfather. Married to the love of his life for over 38 years, there was nothing that brought him greater happiness than his family. His medical legacy and kindness towards others will live on through both his family and the numerous patients whose lives he touched throughout his professional career. He will be greatly missed by his colleagues, patients, family, and the greater Santa Barbara community. I offer my heartfelt condolences to Dr. Daniel’s family and friends, and ask my colleagues to join me in honoring this exemplary citizen and member of the Santa Barbara community."
Keystone Xl Pipeline Act—Continued January 27, 2015
Ted Cruz, R-TX
"Yet for working men and women, union members, their lives have gotten harder and harder and harder. We have, today, the lowest labor-force participation since 1978. Median income in this country has stagnated for two decades."
Immigration November 19, 2014
Louie Gohmert, R-TX
"The labor force participation rate has been as low as 62.8 percent in 6 of the last 12 months, but prior to last October had not fallen that low since 1978, which, hypothetically or parenthetically, was during the august—I say sarcastically for those on the left that don’t know sarcasm—days of the American economy during President Carter’s glorious years as President."
Providing For Consideration Of H.R. 5682, Approval Of The Keystone Xl Pipeline November 13, 2014
Kevin Cramer, R-ND
"Now, the environmental safeguards in the Keystone pipeline—I said it is the most studied pipeline in the history of the world—they are rigorous and they are appropriate. They have been tested and they work. I can attest to that. I toured the Keystone during construction, and I met many of the men and women who worked on the line. Those, Mr. Speaker, are real jobs. Those pipe layers are real workers doing real jobs. The restaurant owners, the hotel owners, the retailers, the subcontractors, those are real jobs, and they should not be diminished by considering them something other than real jobs. We have the lowest workforce participation rate since 1978 in this country. Let’s put people back to work."

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