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 News projected a rise in claims to 400,000, according to the median forecast.

Meanwhile, headlines today reveal that Heinrich, Balderas, Obama and the Washington Democrats have nothing to offer Americans but more of the same empty rhetoric they have been spouting for the last two years:

Now…

Washington Post, August 18, 2011: “President Plans Address On Ideas For Job Creation And Deficit Reduction” 

Then… 

Washington Post, December 8, 2009: “Obama Preparing New Push To Add Jobs, Tackle Deficit.” 

“As jobless claims rise yet again, it’s clear that Hector Balderas, Martin Heinrich and President Obama have absolutely nothing to offer New Mexicans suffering in the wake of their failed $787 billion stimulus,” said National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox.  “Rather than simply admitting their failure to create jobs while driving our debt to $14.5 trillion, and changing course, Obama, Heinrich and Balderas continue to spout the same empty rhetoric as they push for more deficit spending and more job-killing tax hikes.”

The post More Empty Rhetoric From Barack Obama, Martin Heinrich & Hector Balderas As Jobless Claims Rise Again appeared first on NRSC - National Republican Senatorial Committee.

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 and Hector Balderas to be honest about the very serious challenges facing our country.”

For your background, CBO’s report includes the following key findings:

• The CBO projects that government spending as a share of the economy will increase by nearly 70 percent between now and 2035, up from its historical average of roughly 20 percent. Taxes are projected to rise to the historical average in the years ahead, yet the unprecedented growth in government spending is projected to rise much faster, driving an unsustainable explosion in debt.

• The crushing burden of debt is driven primarily by the nation’s largest entitlement programs – Social Security, Medicare, and Medicaid – along with the compounding growth in interest payments on the debt.

• Our unsustainable policies are increasing the likelihood of a devastating crisis: The CBO report states that “Growing debt also would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget and the government would thereby lose its ability to borrow at affordable rates.”

• According to the CBO report, the federal government’s interest payments alone are projected to consume 9 percent of our entire economy by 2035, up from about 1 percent today.

• The CBO report affirms that the massive health-care overhaul fails to address the explosion in health care costs. Mandatory federal spending on health care will increase by 86 percent from 5.6 percent of GDP today to 10.4 percent of GDP over the next 24 years.

Source: (“CBO’s 2011 Long-Term Budget Outlook,” Congressional Budget Office, 6/22/11)

The post As Martin Heinrich And Hector Balderas Seek A $2 Trillion Blank Check, CBO Issues Dire Report On Debt Crisis appeared first on NRSC - National Republican Senatorial Committee.

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 by refusing to reveal his position on new domestic energy production,” said National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox.  “If either Heinrich or Balderas wants to represent the state of New Mexico in the US Senate then they can begin by supporting this bill that will create jobs and help lower the price of gasoline for New Mexico and our country.”

The post KEY VOTE ALERT: Will Martin Heinrich Continue His Streak Of Voting Against Common-Sense Efforts To Lower Gas Prices & Create Jobs? appeared first on NRSC - National Republican Senatorial Committee.