Roskam Statement on Passage of Economic Stimulus Spending Bill

From the Office of Congressman Peter Roskam

WASHINGTON, DC - Congressman Peter Roskam (R-IL) today voted against H.R. 1, the American Recovery and Reinvestment Act, and released the following statement:

“In his inaugural speech, President Obama rightly observed that our economy is badly weakened because of our failure to make hard choices.

“Unfortunately, H.R. 1 fails to live up to that inaugural standard.

“By spending over $1 trillion, the non-partisan Congressional Budget Office estimated that this legislation will have zero impact on our GDP by 2013, and a negative impact on GDP by 2019 – greatly weakening our economy over time.

“Speaker Nancy Pelosi’s refusal to consider bipartisan input further jeopardizes our economy and long-term prosperity.”