Business administration, which fills our commitment to women entrepreneurs. The sequester has the potential to undermine this very promise by reducing sba funding. As a result, loans to women will be reduced by 250 million, translating to an decrease of 2,500 jobs. This means fewer women will be able to access affordable capital to turn their ideas, their dreams, into reality. When it comes to contracting, we have been fighting for so long we even took the Bush Administration to court to implement a contracting women program, and now that it is up and running, were going to shut the door, preventing a level Playing Field for womens businesses to act as federal contractors. We have not achieved the mandating contracting goal of 5 . This will translate to 1. 3 billion in Small Business contracts that will be lost for women entrepreneurs. This will jeopardize at least 15,000 jobs. When combined with the closure of Business Centers that serve mainly women across america that will provide T
You touched on longterm structural unemployment. We have created service jobs. A small percentage have been science, technology, engineering and math. We have growing income disparities. Every job is not the same. We could have zero unemployment and people could still struggle to pay their bills. What do you think is the severity and a global sense that we are increasingly moving away from those things we need to invest in to increase our Global Competitiveness and terms of innovation, tradable goods and that type. How big a factor do you think the Unemployment Rate we are seeing right now is a function of us not being as competitive and as skilled as we need to be as a people . That is for both of you. It is a substantial part of our problem. People are not getting jobs now. Workers are not applying with the skills they need. They are not all computer programmers. That is partly a problem of our k12 Education System and partly because of the opportunities to retrain yourself when you
Do. Further delaying this crucial legislation does this congress no credit and leaves state and local Service Providers facing uncertainty about their ability to continue protecting some of the most vulnerable members of our society. The senate voted to reauthorize the violence against women act with a strong bipartisan majority, and i would strongly encourage the house of representatives do the same to support that underlying bill. Vote yes on the underlying bill. Well move the reauthorizing legislation to the president s desk immediately. Its the right thing to do. Its about time we do it. Thank you. I yield back. The speaker pro tempore the gentleman yields back the balance of his time. The gentleman from washington reserves. The gentlewoman from washington reserves. The gentlewoman from california is recognized. Ms. Pelosi madam speaker, im very happy to recognize our distinguished democratic whip of the house, mr. Hoyer. He was there in the 1990s when we worked to pass this legisl
This on your car and therefore, the Auto Companies do it and charge people higher prices for their car, that may have a good benefit cost ratio but it doesnt show up as spending the money. So regulations is a substitute and tax expenditures are a substitute for spending. So you would need to have some complementary legislation or safety valve to prevent that you could tighten if all of a sudden the spending cap started to bind and edging into regulation and tax expenditures. The other is when you look at spending, there is this fundamental fact of arithmetic we cant get around that present discount of taxes has to equal future spending plus the National Debt. The government has to pay its bills now or later. A dollar of borrowing now means the interest tomorrow has to be raised to pay off the interest. So with that in mind, its very, very important that the spending caps be reasonable and bind and there is some mechanism by which we dont, even with reasonable spending caps, start conti
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