Congressman Mario Diaz-Balart

Representing the 25th District of FLORIDA

Diaz-Balart: Madoff Couldn't Have Done Better

Feb 13, 2009
Press Release

WASHINGTON, DC-Today Congressman Mario Diaz-Balart (R-FL) made the following statement regarding the American Recovery and Reinvestment Act.

“We are once again faced with an economic stimulus bill that fails to prioritize job creation and will only stimulate the federal bureaucracy.  This is a spending bill, not a stimulus.  Just like the TARP bailout, it is an irresponsible blank check we cannot afford. 

“This spending bill charges every American household $9,418 in order to possibly give back a maximum of $800 to only some.  Madoff couldn’t have done better. 

“Less than 4% of this $789 billion bill goes to transportation infrastructure and less than 1% goes to stimulate small businesses, which represent 99% of Florida’s employers and are the real job creators.  

“Our economy needs a real stimulus package that will create jobs now and provide American families and small businesses the tax relief they need.  Unfortunately this very expensive spending bill will do very little to stimulate the economy and that is why I voted against it,” said Diaz-Balart.

Diaz-Balart is the Ranking Republican of the Transportation and Infrastructure’s Economic Development, Public Buildings and Emergency Management Subcommittee.  This week he introduced H.Res.163, a resolution seeking more accountability for billions of dollars in proposed stimulus funding for the General Services Administration, which manages federal real estate property.