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Marco Rubio Criticizes Excessive Government Spending and Failed Stimulus Policy

Strategic Insights

— 1 min read

Florida GOP Senate candidate Marco Rubio appeared on Fox News Channel's "Your World" with Eric Bolling on February 10, 2010, to discuss the $100 billion jobs bill in the Senate and alleged failure of the stimulus package. Rubio, who has launched a website called StimulusBomb.com to raise funds for his campaign, criticized the government's excessive spending and the stimulus policy, emphasizing the need for a clear alternative.

Key Takeaways:

  • Marco Rubio, Republican Florida Senatorial candidate, criticized the $100 billion jobs bill in the Senate, which includes transportation initiatives, low-income housing credits, and money for energy programs.
  • Rubio stated that the stimulus package has failed everywhere in the world it's been tried and that the government's excessive spending is a major concern.
  • He emphasized the need for a clear alternative to the stimulus policy, advocating for tax cuts, such as making the Bush tax cuts permanent, lowering the corporate tax rate, and eliminating the death tax.
  • Rubio claimed that his campaign's fundraising goal of $787,000 is symbolic of the $787 billion of borrowed money that his children will have to pay back due to the Obama-Crist stimulus package.
  • He opposes stimulus spending, stating that it has not stimulated the economy and has instead added to the national debt.
  • Rubio believes that the government should freeze discretionary spending and focus on tax cuts to create economic growth.
  • The Florida GOP Senate candidate also emphasized the importance of entitlement reform, specifically Social Security and Medicare, and the need to tell the truth to younger generations about the programs' sustainability.

Statistics:

  • $100 billion: The proposed jobs bill in the Senate
  • $787 billion: The actual cost of the stimulus package, according to Rubio
  • $787,000: The fundraising goal of Rubio's campaign
  • $787,000 / $141,000,000 (approximately 0.555%): The small percentage of the stimulus package's cost that Rubio's campaign is raising
  • 35%: The current corporate tax rate
  • 25%: The proposed corporate tax rate
  • 60-80%: The portion of the stimulus package allocated to non-defense discretionary spending
  • $787 billion / 365 (days in a year) = approximately $2,156,919,357 (daily cost of the stimulus package)

Sources:

  • "Your World" (2010, February 10). Transcript.
  • Federal News Service (2010, February 10). Transcript.

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