Frank's Footnotes Newsletter: Let's Stop Washington's Job-Destroying Cuts

Stopping Sequestration: Standing Up for NH Jobs

You may have heard about the massive round of automatic spending cuts scheduled to kick in at year’s end. It’s called Sequestration, and it would be very harmful to both our military and to New Hampshire’s economy. Experts say the severe reductions would result in the smallest Army since 1940, the smallest Navy since 1916, and the smallest Air Force in our history. As if that wouldn’t be bad enough, the Center for Security Policy estimates nearly 4,000 jobs are on the line right here in New Hampshire. Nationally, over 1 million jobs are in jeopardy. Our ailing economy just can’t afford that blow.

That’s why I joined Monday morning with the rest of New Hampshire’s Congressional Delegation to speak out against Sequestration at a rally in Nashua. Democrats and Republicans alike agreed these dangerous cuts would be bad for our nation, and are committed to preventing their harmful consequences.

I will be talking with you a lot more about this in the coming weeks. But for now, please know I am committed to averting this problem.

Helping NH Job Creators: NFIB's "Guardian of Small Business Award"

I was honored to receive an important distinction this week. The National Federation of Independent Business (NFIB) presented me with their “Guardian of Small Business” Award on Thursday. NFIB has approximately 400,000 members and advocates on behalf of the nation’s small businesses. The award was given in recognition of my support for pro-growth legislation and policies aimed at helping New Hampshire’s small businesses grow and succeed.

When small businesses prosper, our state’s economy does well, too. I’m committed to working alongside job creators and reflecting their interests in Congress.

Thank you, NFIB, for this significant award.

Supporting a Good Cause: Toy Run 2012

The holiday season is still two months away, but generous Granite Staters are already helping needy children. The Salvation Army’s 30th annual Toy Run was held last Sunday. More than 1,000 motorcyclists rode from Concord to the New Hampshire Union Leader’s office in Manchester. Each participant donated at least one toy to the Salvation Army in order to ride in the event.

I enjoyed talking with Bikers when they reached Manchester, and telling them how much their involvement means to so many children. The holidays will be brighter this year because of so many caring Granite Staters. My thanks again to everyone who made this year’s Toy Run a success.

QE3: The Fed's Ill-Advised Action

The Federal Reserve announced Thursday it will implement a third round of its own monetary stimulus called Quantitative Easing (or QE3 for short). With the continued slow recovery and unemployment above 8 percent for 43 consecutive months, the Fed is yet again trying to prop up the ailing economy.

However, I strongly oppose this unprecedented move because of long-term inflation and the devaluation of the dollar. These harmful policies will lower the purchasing power for hardworking Granite State families.

It’s time to change tactics and start addressing the issues that can genuinely help job creators –such as preventing a massive tax hike at the end of this year and cutting red tape-- to shift the recovery into high gear.  Click here to read more.