Here is the text of Chambliss' statement:
"I am disappointed that the president has proposed what amounts to a new stimulus plan under another name. We all remember the last economic stimulus plan - nearly $1 trillion committed to "shovel-ready" projects, most of which never came to pass. And unemployment in Georgia has actually increased since then. We don't need a new stimulus at a time when Americans are worried about overspending and our nation's financial future.
"Creating jobs means getting America's fiscal house in order, not spending even more taxpayer money we don't have. In the last election, voters sent a very clear message to Washington: Reduce spending and focus on America's economic health. To that end, I have been working for the past several months with a bipartisan group of senators whose goal is to introduce legislation to effectively address the nation's financial issues. It's time we get past the rhetoric, get down to the details and take action."