White House: Congress inaction threatens economy
December 21st, 2011
12:00 PM ET
3 years ago

White House: Congress inaction threatens economy

Washington (CNNMoney) – A top White House economic adviser said that congressional deadlock on extending payroll tax cuts and unemployment insurance benefits threatens the U.S. economy, in excerpts of prepared remarks released Wednesday.

Alan Krueger, the chairman of the Council of Economic Advisers stresses the economic importance of keeping the 2% payroll tax cut and emergency unemployment benefits to more than 160 million American workers.

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Filed under: Alan Krueger • CNNMoney.com • Congress • Taxes • White House
soundoff (53 Responses)
  1. ja

    congress need to pull their heads out of the sand for once, and stop pleasing certain half-cocked political groups, do what is right for all

    December 21, 2011 12:04 pm at 12:04 pm |
  2. GROVER NORQUIST IS A ENEMY OF THE STATE

    The House of Representatives of the 112th Congress is the worst EVER!!! The republican lead House has gone A.W.O.L. and should be held accountable for their actions. I suggest that protesters OCCUPY Congressional Leaders street.

    December 21, 2011 12:06 pm at 12:06 pm |
  3. Truth and Nothing But the Truth

    Stealing money from social security to artificially prop up the economy threatens social security more than it does the economy. These cuts didn't do anything to help the economy last year and will do nothing this year. People are using extra money to pay down debt.

    What is a REAL threat to the economy is Obama/Democrat policies. They are a failure and all we get is more of the same.

    December 21, 2011 12:14 pm at 12:14 pm |
  4. Bob from Syracuse

    I think a new position should be created for Michelle Bachmann – Sectretary of Misinformation.

    December 21, 2011 12:15 pm at 12:15 pm |
  5. vic , nashville ,tn

    House speaker John Boehner so weak he is helpless, White house should take this message to voters

    December 21, 2011 12:15 pm at 12:15 pm |
  6. fred ca

    Gee...a white house and dem leadership who have never, and do not understand, how to set up a business, run it and keep people employed. Oh, let's set a tax policy that the main employers of people can not track/meet. Hey, our crony capitalists who we give taxpayer money to like it was water (and who reward us with grotesque donations/payoffs) will support us. And we can hit the golf course giggling at the know-nothings and understand less supporters of our democrat party.

    December 21, 2011 12:17 pm at 12:17 pm |
  7. Bill

    Cantor and Boehner really misplayed this one. No wonder they will lose the House in 2012.

    December 21, 2011 12:17 pm at 12:17 pm |
  8. Larry L

    We need a Constitutional amendment to give the people a mechanism to fire members of Congress more rapidly than a recall election. Any group of employees who would leave for vacation before taking care of very critical business would be dismissed by shareholders. Any employees who perform so poorly they get 7% satisfaction rating from company owners would get fired. Any employees who purposefully obstruct the progress of the leadership would be fired. See the problem?

    December 21, 2011 12:18 pm at 12:18 pm |
  9. sonny chapman

    Tick-tock. The clock is running on the Tea Party Tantrum. Middle Class America can handle losing $40 a paycheck for about 2 weeks, then BOOM.

    December 21, 2011 12:20 pm at 12:20 pm |
  10. Ray E. (Georgia)

    The Extreme downturn in the Economy was a result of the Housing Bubble. A Liberal Socalist Policy that failed. Now the Liberals want to blame everyone but the ones that are to blame. Just another example of Big Government Social Policies that have failed. Too many Half-Wits don't know which side their bread is buttered on. Good luck.

    December 21, 2011 12:23 pm at 12:23 pm |
  11. Fair is Fair

    Let it expire.

    December 21, 2011 12:28 pm at 12:28 pm |
  12. Jim , Va.

    The bigger threat to the economy is the policies of President Obama.

    December 21, 2011 12:28 pm at 12:28 pm |
  13. R

    @ Larry L
    "We need a Constitutional amendment to give the people a mechanism to fire members of Congress more rapidly than a recall election."

    Now that's a great idea!

    December 21, 2011 12:29 pm at 12:29 pm |
  14. Rudy NYC

    Truth somebody wrote:

    These cuts didn't do anything to help the economy last year and will do nothing this year.
    -----------
    Seriously. Yesterday, when it became apparent that Democrats were not going to yield to Boehner's beckon call, you were all for the tax cut being extended one year.

    The Republicans have walked into the trap that has been laid out for them for the past few months, and did so with scorn, disdain, and arrogant pride. The Republican Party has totally imploded.

    December 21, 2011 12:30 pm at 12:30 pm |
  15. Debbie

    So done with Congress. Obama should find his backbone and use some type of Executive Order to stop this BS. I was a Republican for 35 years and have never seen the party so disfunctional and so anti-American. They have bloated the size of government with overspending on laws that invade peoples personal laws and they have bloated the size of government by adding in DHS, wars, and defense spending, they have moved from the core platform of a small strong central government to a bloated, strong-arm, monied plutocracy. The Dems are hardly much better but the GOP has not only lost its way its morphed into a plutocracy.

    December 21, 2011 12:30 pm at 12:30 pm |
  16. Four and The Door

    A top White House economic adviser said that congressional deadlock on extending payroll tax cuts and unemployment insurance benefits threatens the U.S. economy...
    ________________________________________________________________________________________________
    What a pile of political BS this statement is. I suppose raising the prices on new home sales to pay for it helps the economy? ( Hint: No it does not ).

    A 2 month extension of the tax cuts is a non-event. It is not worth squat to the economy.

    The House is exactly correct in not wasting time on a 2 month 'non-decision' bill. If they are going to do it, they should do it for 1 year and pay for it with reduced spending, not increased taxes on home sales.

    December 21, 2011 12:31 pm at 12:31 pm |
  17. Failure is a Republicon value.

    "Congress inaction threatens the economy" – of course it does, that's exactly why the Republicons are and have been conducting their anti-American "campaign of inaction" ever since President Obama was elected.
    They want us all to fail so our President will fail.
    It's American Tahliban 101.

    December 21, 2011 12:33 pm at 12:33 pm |
  18. mk1

    This move is totally to be expected. The GOP does not want the economy to improve as that would make their job of winning the 2012 election even harder. The GOP has done everything in it's power to wreck the economy for purely political purposes. It could be no clearer to a blind person that the GOP cares little for America and only for the wealthy and it's own power. A truly pathetic shell of what once was a proud and honorable party.

    December 21, 2011 12:33 pm at 12:33 pm |
  19. PA_outofwork

    @ Larry L "We need a Constitutional amendment to give the people a mechanism to fire members of Congress more rapidly than a recall election. "
    ---–
    It's called term limits, we need it now

    December 21, 2011 12:35 pm at 12:35 pm |
  20. Rudy NYC

    fred ca wrote:

    Gee...a white house and dem leadership who have never, and do not understand, how to set up a business, run it and keep people employed.
    -----------
    But, downsizing specialists like Mitt Romney do understand how to keep people employed. Mitt Romney has never run an actual business a day in his life. Romney has been a salesman, who sells capital, nothing more.

    In order to setup a business, you must first understand the business. Romney's expertise has been in selling money.

    December 21, 2011 12:35 pm at 12:35 pm |
  21. Fair is Fair

    Biden says it's patriotic to pay taxes. Let it expire and be patriots.

    December 21, 2011 12:37 pm at 12:37 pm |
  22. rs

    If the action of one political party threatens the nation's health (economic or otherwise), with all of the anti-terrorist legislation passed since 9/11, at what point can the government declare the GOP/TP as "enemy combatants", and ship them off to Cuba?

    I say this tongue-firmly-in-cheek, but the underlying question is serious. What can this nation do a bout a twisted political party bent on economic mayhem?

    December 21, 2011 12:38 pm at 12:38 pm |
  23. Voice of Reason

    How is it possible that these jokers are still in office?? They have to run for re-election every two years, and it is abundantly obvious to anyone with a pulse that they are completely unable to function – and yet we continue to send them to Washington to 'represent us'. What a cruel, sick joke!

    The time has come to un-elect a few of these corporate tools, and replace them with people who have the backbone to do what is right, not just sell out to the highest bidder.

    This November – Dont vote for ANY candidate who gets more than $100 from any corporate entity. Dont vote for anyone who has ads running on their behalf from some hazy PAC who doesnt have to disclose their donors. Dont vote in another crop of corporate tools!

    December 21, 2011 12:38 pm at 12:38 pm |
  24. Four and The Door

    Truth and Nothing But the Truth
    What is a REAL threat to the economy is Obama/Democrat policies. They are a failure and all we get is more of the same.
    _________________________________________________________________________________________________
    This is certainly the Truth and Nothing But the Truth. Obama has proven that trying to buy increased demand through increased government spending... does...not...work. It is a deranged perspective and bad economics.

    But consider this. A twisted economic policy that lets him keep spending and spending and spending and spending... must be better than no economic policy at all. At least in his mind. But results show conclusively. It does not work.

    December 21, 2011 12:40 pm at 12:40 pm |
  25. Rudy NYC

    Fair is Fair wrote:

    Let it expire.
    ---------–
    They can't do that. Doing so would violate their sacri-pledges to Grover Norquist. They must cast a vote on the measure that the Senate passed. Conducting a vote on whether or not to hold a vote was weak. They blatantly dodged the issue and reneged on a deal negotiated by the their fellows.

    This will become a semnal moment. The sacri-pledges are at stake. Republican credibility is at stake. The Republican Party lacks leadership and is facing a looming existential crisis because it cannot control its' own.

    December 21, 2011 12:40 pm at 12:40 pm |
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