Dangerous Déjà Vu In 30th Consecutive Month Of 8%+ Unemployment As he helped President Barack Obama ram the $787 billion stimulus into law, U.S. Congressman Martin Heinrich claimed it would create jobs and help get our economy back on track, while his friends in the Obama Administration projected the spending binge would hold unemployment below 8 percent. But instead, our country has lost 2.4 million jobs since President Obama came into office, while unemployment stands at 9.1 percent and has been above 8 percent for 30 consecutive months. And today, Bloomberg reports that jobless claims continue to rise: More Americans than forecast filed applications for unemployment benefits last week, signaling the labor market is struggling two years into the economic recovery. Jobless claims climbed by 9,000 to 408,000 in the week ended Aug. 13, the highest in a month, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg…
Tag Archives: Hector Balderas
As Martin Heinrich And Hector Balderas Seek A $2 Trillion Blank Check, CBO Issues Dire Report On Debt Crisis
With our national debt at $14.3 trillion, Martin Heinrich and Hector Balderas are calling for a $2 trillion debt ceiling increase without any substantive spending reforms, meanwhile the non-partisan Congressional Budget Office [CBO] today released a deeply troubling report on our country’s fiscal future. In its latest update of The Long-Term Budget Outlook, the CBO provides an overview of the looming debt crisis and projects that by the end of this year, the federal debt will reach roughly 70 percent of gross domestic product (GDP)—the highest percentage since shortly after World War II. “Years of borrowed spending and bigger government have brought our country to the most predictable economic crisis in American history and Martin Heinrich and Hector Balderas’ solution is increase our credit card limit by another $2 trillion,” National Republican Senatorial Committee spokesman Jahan Wilcox said today. “It’s a remarkable failure of leadership and it’s time for Martin Heinrich…
KEY VOTE ALERT: Will Martin Heinrich Continue His Streak Of Voting Against Common-Sense Efforts To Lower Gas Prices & Create Jobs?
With Americans facing record gas prices, the House of Representatives this week is scheduled to vote on another common-sense initiative aimed at addressing this growing problem. The Jobs and Energy Permitting Act will not only create an estimated 54,000 jobs, but will also ensure that the Trans-Alaska Pipeline System remains operable, protecting energy supplies for millions of American families and small businesses struggling with high gas prices. Unfortunately, this year alone, Martin Heinrich has already voted three times against pro-domestic energy and pro-jobs legislation. The National Republican Senatorial Committee (NRSC) asked today whether Heinrich intends to continue his “do-nothing” energy platform and when Hector Balderas will finally step forward to tell New Mexicans where he stands on America’s energy crisis. “When it comes to addressing high gas prices, Martin Heinrich has consistently stood in the way of common-sense initiatives, while his opponent Hector Balderas has decided to stonewall New Mexicans…
