Jobs and the Economy

More than 300,000 Out of Work since President Obama Took Office: Despite tepid growth in the last few months, the economy has shed 316,000 net jobs from February 2009—when the Democrats’ “stimulus” was signed into law—through July 2012.

Spending

Federal Debt Nears Record High of $16 Trillion: Today, the National Debt is $15.99 trillion, moving ever closer to the unprecedented mark of $16 trillion. When President Obama took office just over three and a half years ago, the national debt was $10.6 trillion dollars. Since the president took office, his reckless borrowing has created $5.3 trillion of new debt, an increase of more than 50 percent. In less than one term, President Obama has already racked up more dollars of debt than the first 41 presidents combined.

Medicare

Businesses Believe Obamacare Will Raise Healthcare Costs: A recent survey released by human resource consulting firm Mercer found that of the 1,203 employers polled “60% expect some increase in cost; one-third of those expect an increase of 5% or more” when key provisions of the federal takeover of healthcare go into effect in 2014.  Not surprising that in response to these cost pressures the survey reported that some employers will be “inclined to change their workforce strategy.”  In layman’s terms that likely means fewer jobs created.

The Republican Plan for Job Creation and Growth

House Republicans have a plan to restore confidence and certainty to the economy and create jobs. For more information on the House Republican Growth Plan, click here: http://www.gop.gov/indepth/jobs.