Politics

Democrats fighting for your pocketbooks

Economic performance statistics for the month of December 2007 show that over the course of the Bush Administration, the median household income has decreased by 0.3% while the poverty level has increased by 1.0%.  Furthermore, only 6 million jobs were created throughout Bush’s presidency, compared to 22.7 million new jobs under the Clinton Administration.

The statistics, provided by the Democratic members of the Joint Economic Committee, paint a disappointing picture of Republican fiscal governance.  Over 18 years, the past three Republican Presidents created $4.14 trillion in deficits, which starkly contrasts to the $67.7 billion surplus accumulated under the Clinton Administration.

Under President Bush, home foreclosures have skyrocketed, and the price of health insurance, gas, and college are rapidly increasing.  These costs strain today’s hard-working families in El Paso and across America, and pass the buck to future generations. 

Democrats have taken a stand against fiscally irresponsible policies and demanded accountability.  Democrats have restored responsible pay-as-you-go budget rules to reign in the uncontrolled spending that occurred under Republicans.

Throughout the 110^th Congress, an emphasis has been placed on passing legislation that creates jobs, reduces college costs, and increases competitiveness.  Though we currently face numerous economic challenges, rest assured Congressman Reyes and his Democratic colleagues are working to create a more economically secure, prosperous America.

Full post as published by Silvestre Reyes Blog on December 11, 2007 (boomark / email).