Economics and Public Finance

Today, Rep. Louie Gohmert (TX-01) issued the following statement after the Senate voted 51-46 to reject the Cut, Cap and Balance Act and turn a blind eye to fiscal responsibility: “It is apparent the Senate Democrats have turned their backs on the desire of the vast majority of the American people. Not only has it been 814 days since the Senate last passed a budget, it seems as if they are trying ... Read more »

Today, Rep. Louie Gomhert (TX-01) released the following statement with Rep. John Fleming (LA-04) calling on Republican and Democrat leadership to open debt ceiling negotiations to the American public. Having an open and transparent process will ensure that nothing is kept secret from the American people on this critical issue which will determine our nation's economic and national security for ye... Read more »

Rep. Louie Gohmert (TX-01) released the following statement today concerning the recent unemployment report issued by the U.S. Department of Labor July 8: “In order to create jobs for the American people, Washington must stop spending money it does not have. A meager 18,000 American jobs were created in June, but if you look hard at the adjustments, we actually lost 26,000 jobs. This number is sta... Read more »

For fiscal year 2007, the last year for which the Republican majority was responsible for the budget, Republicans were properly berated by Democrats for being so irresponsible as to run up a $160 billion deficit. After President Obama took office, those very same beraters found it perfectly acceptable to spend upwards of $1 trillion more than we took in. Last year, in fact, they ran up a breathtak... Read more »

Troops would continue to get their paychecks and other benefits on time if the government shuts down, under a bill proposed Friday by a Texas lawmaker. Congress has been unable to pass a budget for this fiscal year, so it has passed several short-term spending measures to continue funding the government at last year’s levels. The latest measure ends April 8. Lawmakers have three options: Agree on ... Read more »

Active duty members of the U.S. Armed Forces and military civilians who support them still have to show up to work even if the government shuts down next Friday, inspiring lawmakers to find a way to pay them minus a Defense Department operating budget. According to a senior defense official, active-duty military would be required to work since they are considered "essential government personnel" e... Read more »

Congressman Louie Gohmert (TX-01) issued the following statement on his decision to vote against the 3-week spending bill: “Today our nation is $14 trillion dollars in debt. Every child born in America inherits a shocking $45,739 of national debt. It’s an understatement to describe our nation’s financial situation as dire. This three-week spending bill just kicks the can of financial uncertainty f... Read more »

Last week, Congressman Louie Gohmert introduced H.R. 920 – designed to cut wasteful government spending. The Zero Baseline Budget Act of 2011 will amend the Balanced Budget and Emergency Deficit Control Act of 1985 and eliminate automatic increases for inflation. “Conservatives have advocated for years that there should be no automatic increases in any federal department's budget,” said Rep. Gohme... Read more »

Rep. Louie Gohmert (TX-01) released the following remarks today on the two-year anniversary of the “stimulus” package being signed into law. “The ‘stimulus’ package has clearly failed to live up to the expectations the Obama Administration touted to the American people in February 2009. It has let down millions of workers by failing to keep unemployment under 8 percent as promised. With a $1-trill... Read more »

Rep. Louie Gohmert (TX-01) released the following statement today regarding President Obama’s proposed budget for fiscal year 2012: “Yesterday, President Obama announced his 2012 fiscal year budget plan that makes minor cuts but at the same time adds new dramatic amounts of additional spending without any regard for the danger in which he puts this nation or the massive debt he irresponsibly is he... Read more »