|00:00:00||AS I'VE LISTENED CAREFULLY TO THE DEBATE, I HAVEN'T HEARD ANYBODY SAY WE SHOULDN'T BE EXTENDING UNEMPLOYMENT BENEFITS.|
|00:00:07||WHAT I HAVE HEARD IS THAT ONE SIDE WANTS TO BORROW 43 CENTS ON THE DOLLAR MAINLY FROM THE CHINESE AND SEND THE BILL TO OUR CHILDREN AND GRANDCHILDREN.|
|00:00:17||THOSE ARE MY FRIENDS ON THE DEMOCRATIC SIDE OF THE AISLE.|
|00:00:20||ON THIS SIDE OF THE AISLE WE'RE SAYING, YOU KNOW, ALL THE TRILLIONS OF STIMULUS MONEY, THE $1.|
|00:00:29||2 TRILLION WHEN YOU ADD IN THE INTEREST FACTOR, THOSE UNSPENT FUNDS, MAYBE SOME OF THE UNSPENT TARP FUNDS, THESE PROGRAMS THAT HAVE HELPED CONTINUE TO MIRE US IN ALMOST DOUBLE-DIGIT UNEMPLOYMENT, MAYBE WE COULD USE SOME OF THOSE FUNDS INSTEAD AND NOT ADD TO THE SINGLE LARGEST DEBT IN AMERICA'S HISTORY THAT'S ONLY GETTING WORSE UNDER THEIR WATCH, MR.|
|00:00:56||THAT'S THE PRIMARY DIFFERENCE HERE TODAY.|
|00:00:59||AND WE MUST SHOW THAT WE ARE A FISCALLY RESPONSIBLE CONGRESS TODAY TO CREATE JOBS.|
|00:01:05||ULTIMATELY THE PEOPLE IN AMERICA DON'T WANT MORE UNEMPLOYMENT CHECKS, THEY WANT MORE PAYCHECKS.|
|00:01:12||AND IT'S THE POLICIES OF THIS PRESIDENT, THE POLICIES OF THIS CONGRESS, BROUGHT ABOUT THIS BY THE FEDERAL TAKEOVER OF HEALTH CARE, BROUGHT ABOUT BY THIS HUGE PERMANENT WALL STREET BAILOUT BILL WHERE THE INK IS BARELY DRY, THE THREATEN CAP AND TAX BILL, AND THE MASSIVE DEBT THAT WE'RE DROWNING IN, UNDER THE PRESIDENT'S OWN BUDGET WE WILL BE PAYING ALMOST $1 TRILLION IN INTEREST ALONE ON THE NATIONAL DEBT.|
|00:01:42||I MEAN, THAT'S THE KIND OF POLICIES THAT ARE -- OUR DISTINGUISHED DEMOCRATIC MAJORITY LEADER LIKENED TO FISCAL CHILD ABUSE.|
|00:01:53||I HAVEN'T HEARD THAT RHETORIC RECENTLY, BUT I HOPE HE STILL BELIEVES IT.|
|00:01:59||AND BECAUSE THAT'S WHAT WE'RE ENGAGED IN.|
|00:02:01||SO I DO NOT UNDERSTAND WHY MY FRIENDS ON THE OTHER SIDE OF THE AISLE REFUSE TO PAY FOR.|
|00:02:05||THIS I CERTAINLY HEAR THE PHRASE PAY AS -- PAY FOR THIS.|
|00:02:09||I CERTAINLY HEAR THE PHRASE PAY AS YOU GO FREQUENTLY BUT I DON'T SEE IT PRACTICED.|
|00:02:15||I SERVE ON THE PRESIDENT'S FISCAL RESPONSIBILITY COMMISSION.|
|00:02:19||MANY PEOPLE CONSIDER THAT TITLE TO BE AN OBJECTIONY MORON.|
|00:02:22||WE WILL DEBATE THAT -- OXYMORON, WE WILL DEBATE THAT LATER.|
|00:02:27||BUT THE FORMER CHIEF OF STAFF TO PRESIDENT CLINTON HAD SAID THAT OUR DEBT IS A CANCER THAT CAN DESTROY US FROM WITHIN.|
|00:02:35||THIS ISN'T REPUBLICAN IS VERBIAGE, THIS IS DEMOCRATIC VERBIAGE.|
|00:02:40||SO WHY, WHY DO THE DEMOCRATS REFUSE TO PAY FOR THIS?|
|00:02:44||WHY DO THEY CONTINUE TO ENGAGE IN WHAT THE MAJORITY LEADER ONCE TERMED FISCAL CHILD ABUSE?|
|00:02:50||AGAIN, THAT'S WHERE THE DEBATE IS.|
|00:02:52||THE DEBATE IS, ARE YOU GOING TO PAY FOR THE UNEMPLOYMENT INSURANCE OR ARE YOU GOING TO TAKE THE BURDEN AND PUT IT ON OUR CHILDREN AND GRANDCHILDREN YET AGAIN?|
|00:03:00||THAT IS UNCONSCIONABLE, UNSUSTAINABLE AND IT OUGHT TO BE IMMORAL.|
|00:03:04||I YIELD BACK.|
|00:03:06||THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM WASHINGTON.|
Mr. HENSARLING. Mr. Speaker, indeed, this is the difference between the two parties here today. As I've listened carefully to the debate, I haven't heard anybody say we shouldn't be extending unemployment benefits.
What I have heard is that one side wants to borrow 43 cents on the dollar, mainly from the Chinese, and send the bill to our children and grandchildren. Those are my friends on the Democratic side of the aisle.
On this side of the aisle, we're saying, you know, all the trillions of stimulus money, the $1.2 trillion, when you add in the interest factor, those unspent funds, maybe some of the unspent TARP funds, these programs that have helped continue to mire us in almost double-digit unemployment, maybe we could use some of those funds instead and not add to the single largest debt in America's history that's only getting worse under their watch, Mr. Speaker. That's the primary difference here today.
And we must show that we are a fiscally responsible Congress today to create jobs.
Ultimately, the people in America don't want more unemployment checks. They want more paychecks. And it's the policies of this President, the policies of this Congress, brought about by the Federal takeover of health care, brought about by this huge permanent Wall Street bailout bill, where the ink is barely dry, the threatened cap-and-tax bill, and the massive debt that we're drowning in.
Under the President's own budget, we will be paying almost $1 trillion a year in interest alone on the national debt. I mean, that's the kind of policies that our distinguished Democratic majority leader at one time likened to fiscal child abuse. And so I haven't heard that rhetoric recently, but I hope he still believes it because that's what we're engaging in.
So I do not understand why my friends on the other side of the aisle refuse to pay for this. I certainly hear the phrase ``pay-as-you-go'' frequently. I just don't see it practiced.
And, indeed, I do serve as one of the Republican appointees on the President's Fiscal Responsibility Commission, many of whom consider that title to be an oxymoron. We will debate that later.
But the chairman, Erskine Bowles, former chief of staff, Democratic chairman, former chief of staff to President Bill Clinton, has said that our debt is a cancer that can destroy us from within. This isn't Republican verbiage. This is Democrat verbiage.
So why do the Democrats refuse to pay for this? Why do they continue to engage in what the majority leader once termed fiscal child abuse? Again, that's where the debate is. The debate is, Are you going to pay for the unemployment insurance, or are you going to take the burden and put it on our children and grandchildren yet again? That is unconscionable, unsustainable, and it ought to be immoral.