Last week, the Bureau of Labor Statistics reported that the unemployment rate rose to 9.8% and 263,000 more Americans lost their jobs in September. Americans haven’t seen the unemployment rate reach this level in 26 years.
As the unemployment rate continues to rise, it’s obvious that President Obama and the liberal Congress’ misguided economic policies are failing. The American people are demanding to know, where are the jobs? However, the only thing growing for the President is his more than trillion dollar deficient. It has become obvious that more government spending and raising taxes are not the solutions that will bring about jobs and stimulate our economy.
Millions of Americans are waking up today and openly discussing whether we're on the brink of having a "failed state" in America, that state being California. Years of anti-growth and massive spending have cut deeply into a major economic engine, with many openly fearing the long-term implications they may have on the rest of the country. In that same argument inevitably is a discussion of what's working: pro-growth, business-friendly, low-tax states like Texas are welcoming new workers from California everyday. It's clear to me what's happening on the state level is sadly being attempted at the federal level with tax hikes looming to pay for massive public programs that are being debated in Congress today.
I believe the way to put our country back on track is to start with fiscal discipline in the federal government and tax relief for the public. In order to effectively stimulate the economy, we must reduce the tax rates, reduce regulatory burdens where possible, and cut spending to leave more resources available for the business community. We need real solutions to put the American people back to work instead of more job-killing tax-and-spend policies.