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  • Guest Bloggers: Congressmen Shadegg and Bishop on No Cost Stimulus

    The keys to stimulating our economy are private capital, small business innovation, reducing the burden big government imposes on the economy, and job creation. Several months ago, before the Democrats’ cap and trade bill was railroaded though Congress and before we faced their newly announced health care bill, we, along with 46 of our colleagues, introduced H.R. 1431, the No Cost Stimulus Act of 2009.

    The No Cost Stimulus Act would significantly increase the production of more American-made energy, which, in turn will create close to two million jobs and reduce our dependency on foreign oil. No country in the world has locked up its natural resources and forced itself to rely on foreign suppliers as we have done here in America. These stifling policies are hurting our economy and placing our national security at risk.

    As our Democrat colleagues continue to introduce policies financed on the backs of hardworking American taxpayers, we introduced legislation true to our principles – getting government out of the way of productivity. Intended to stimulate the economy and create jobs at no cost to taxpayers, our plan accomplishes this without borrowing money from foreign governments. We simply cannot continue to incur debts our children and grandchildren will be responsible for repaying.

    Our economy can’t withstand the Waxman-Markey bill or impending Democrat health care reform legislation. The Waxman-Markey cap and trade legislation, crammed through The People’s House by twisting arms and back room deals, serves as nothing more than a distraction from what we should be working towards – real energy independence.

    When all is said and done, Heritage experts project it will cost American families an estimated $3,000 per year and destroy millions of jobs – many of which will be outsourced to countries without a national energy tax. It will raise electricity prices by 90% and gasoline prices by 58% while reducing the Gross Domestic Product by $9.4 trillion.

    As parents, we all hope to leave the world a better place for our children and grandchildren. Yet this huge, job-killing tax hike won’t even reduce global temperatures by a degree in a century.

    Americans continue to be hit hard by our worsening economy – and with unemployment on the rise, there is no end in sight. Not only has the President’s stimulus plan not accomplished what it promised, it has added to our federal deficit, while more Americans have lost jobs. The solution is not a second costly stimulus bill designed to increase government intervention in the global economy. Instead, Congress should consider the merits of the No Cost Stimulus Act.

    If we are serious about lessening our footprint on the environment, getting government out of the way of economic growth, and stopping the incessant increase in the federal deficit, Congress should take a second look at much of the legislation being considered now and in the future. We can create more jobs with American-made energy from a variety of sources, including solar, hydropower, nuclear, wind, and geothermal. Real solutions will come not by enacting massive new government programs that our grandchildren will be stuck paying for, but instead, by being good stewards of the land and the economy and by allowing American innovation to pave the way towards a prosperous country.

    The views expressed by guest bloggers on the Foundry do not necessarily reflect the views of the Heritage Foundation.

    Posted in Energy [slideshow_deploy]

    16 Responses to Guest Bloggers: Congressmen Shadegg and Bishop on No Cost Stimulus

    1. Pingback: » Financial News Update - 07/16/09 NoisyRoom.net: Where liberty dwells, there is my country…

    2. Pingback: Morning Conservative Reading List - July 17, 2009 - AIP Blog - American Issues Project

    3. TJS, Leesburg, FL says:

      Shadegg for president. However, we need to sharpen the message. Drill, drill, drill. Jobs, jobs, jobs. 400 new nuclear power plants by 2030 – 20 per year for 20 years.

      I dozed off halfway through this article, because there was no ACTION described to grab my imagination. Concrete and steel, that's what America needs. Stand back, pansies.

      BTW, there's no sense feigning deference to global warming. It will continue to be used to block all genuine progress. Put GW on trial, confront the psycho-science. It's all hot air and moonbeam. For example, CO2 has increased food production by 50% in the last 150 years. What's wrong with that? Do we want food, or do we want to pretend to save polar bears? There are more polar bears now than ever, and there'd be even more if we stopped hunting them.

    4. Frank Florida says:

      what the United States needs now is a Giant of a Statesman to lead, what we have in Washington is a collection of second rate politicians.

    5. David E Aldridge, Da says:

      Unless the voters get off their b–ts, and demand that THEIR representatives(House & Senate) stop these two huge wasteful bills (CAP&TAX and Obamacare), we will be burdened with taxes we can't even imagine !

    6. Nelia, AZ says:

      We in Arizona are fortunate to have Representative John Shadegg, and Senator Jon Kyl looking out for us and the nation. Even our Democrat Representative Mitchell voted 'no' on Cap and Trade. Like too many of the established Republicans, John McCain often wavers in his commitment to the Conservative discipline of small government. Unless all people of conscience in both parties come to their senses, ignore intimidation and threats, pay-offs and back-room deals to do the right thing, we are lost.

    7. Pingback: Fix Health Care Policy | Morning Bell: Obamacare Is An Economy Killer

    8. Lynn B. DeSpain says:

      Obama's plan is like inviting everyone in the neighborhood over for dinner, locking all the food away, then pointing to the cat box and saying, "Help yourself to all you want!"

      Hozro

    9. max crosby orange tx says:

      We need to have a White House cleaning. Put

      in a person who will do what the people have

      voted for, in the best interest of our country.

      Where are our God Fearing Leaders? Martha

    10. Joy A. Wiseman, Scot says:

      As a very unhappy and depressed citizen, I am glad to read this article by Representative Shadegg. I do hope that he continues to show some leadership, which we drastically need.

    11. John Rosky Andover, says:

      When will the American people understand that all this land belongs to us. There is no reason that we should not drill on our land for our oil. Lets tell congress that 400 politicians do not have the right to tell 300 million Americans that they know best.

    12. Tom, Georgia says:

      Clipped from the above article:

      "We simply cannot continue to incur debts our children and grandchildren will be responsible for repaying."

      Sorry, folks. We are not "borrowing" from our children and grand children; we are and have been stealing from them. Does anyone see any indication that anyone anywhere in our Federal Government intends to return that which is and has been "borrowed" any time in the foreseeable future? NO! We are leaving to our children and grandchildren the legacy of having to try to get themselves and their country out of hock!

      I guess just to make producing enough purchasing power to get their country out of hock more of a challenge for them, the national economy that we will be passing on to them is and has been decimated by political stupidity traveling in the guise of national economic policy.

      We are and have been stealing, using and dissipating purchasing power that will have to be produced and created by our descendants. They will have to produce and create purchasing power over and above the purchasing power that they will need to be able to provide for themselves just to replace the purchasing power that has been stolen from them then used and dissipated by current as well as by prior generations.

      The United States Federal Government has perpetrated larceny on the grandest scale that larceny has ever been perpetrated in human history. It has been perpetrated against our children, grandchildren and subsequent generations. Why? Because by stealing purchasing power from our children and grandchildren more has been made available to be used to buy votes on election day!

      STOP Generational Thievery! Reduce Spending NOW!

      INVESTING CAPITAL STIMULATES THE ECONOMY. SPENDING CURRENCY TITILLATES VOTERS.

      PORK BARREL VOTE-BUYING SPENDING DESECRATES THE CONSTITUTION OF THE UNITED STATES!

    13. Pingback: Congressmen Shadegg and Bishop on No Cost Stimulus « Conservative Thoughts and Profundity

    14. Olathe, KS says:

      Years have gone by with the 'same' mantra, "it will take years"….those years are now gone, NOW is the time to use what God has given America…OIL…Drill Now.

    15. Olathe, KS says:

      Chicago – Jihad – Hilton Hotel….Is this where the roosters came to home roost. The HILTON will not get my reservations after this.

      American Citizens hosting this Horrid event? OR illegal Vistors?…In any case, this should NOT be allowed….Free Speech, doesn't invite, terror plots and intimidation.

      Jude

    16. Merlin77 says:

      But if government cannot apprehend the crimi- nal when private coinage is relied upon, what hope is there for a reliable coinage when the integrity of the private market place operators is discarded in favor of a govern- ment monopoly of coinage? ,

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