Guest Bloggers: Congressmen Shadegg and Bishop on No Cost Stimulus

Rep. John Shadegg and Rep. Rob Bishop / July 16, 2009

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. (more…)