| 00:00:03 | BACK. |
| 00:00:04 | THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY WHICH IS IN CONTRA INVENTION OF THE LAWS AND RULES OF THE HOUSE. |
| 00:00:10 | THE SERGEANT AT ARMS WILL REMOVE THOSE PERSONS RESPONSIBLE FOR THE DISTURBANCE AND RESTORE ORDER TO THE GALLERY. |
| 00:00:25 | THE HOUSE WILL BE IN ORDER. |
| 00:00:30 | THE HOUSE WILL BE IN ORDER. |
| 00:00:34 | THE CHAIR RECOGNIZES THE GENTLEMAN FROM MARYLAND. |
| 00:00:42 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:00:43 | CHAIRMAN. WE ARE TURNING BACK THE CLOCK. |
| 00:00:45 | WE'RE TURNING BACK THE CLOCK ON PROGRESS AND WE'RE TURNING BACK THE CLOCK ON -- THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION WITH THE RULES OF THE HOUSE. |
| 00:01:06 | THE SERGEANT AT ARMS WILL REMOVE THE PERSONS RESPONSIBLE FOR THE DISTURBANCE AND RESTORE ORDER. |
| 00:01:14 | THE GENTLEMAN FROM MARYLAND. |
| 00:01:15 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:01:16 | CHAIRMAN. THE CHAIR: THE HOUSE WILL BE IN ORDER. |
| 00:01:19 | THE COMMITTEE WILL BE IN ORDER. |
| 00:01:30 | THE GENTLEMAN FROM MARYLAND. |
| 00:01:32 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:01:33 | CHAIRMAN. WHAT THE REPUBLICAN BUDGET DOES IS TURN BACK THE CLOCK ON A FAIR DEAL FOR THE AMERICAN PEOPLE. |
| 00:01:40 | EVERY PERSON IN THIS BODY TODAY LOVES THIS GREAT NATION OF OURS AND BELIEVES IT'S A SPECIAL PLACE. |
| 00:01:49 | WE HAVE TO MAINTAIN THE EXCEPTIONALISM OF THIS COUNTRY. |
| 00:01:54 | WE SEE DIFFERENT PATHS AND MAKE DIFFERENT CHOICES TO ACCOMPLISH THAT GOAL. |
| 00:02:07 | THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAW AND RULES OF THE HOUSE. |
| 00:02:15 | THE SERGEANT AT ARMS WILL REMOVE THOSE PERSONS RESPONSIBLE FOR THE DISTURBANCE AND RESTORE ORDER TO THE GALLERY. |
| 00:02:28 | THE GENTLEMAN FROM ILLINOIS STATE HIS POINT OF ORDER. |
| 00:02:31 | >> MR. SPEAKER, MY QUESTION IS ABOUT THE CHAIRFICATION OF THE RULES. |
| 00:02:35 | MR. JACKSON: THE RULES ALSO FOR OUR VISITSING GUESTS ALLOW THE SERGEANT AT ARMS TO CLEAR THE CHAMBER IF NECESSARY. |
| 00:02:40 | IS THAT CORRECT, MR. |
| 00:02:41 | SPEAKER? |
| 00:02:43 | THE CHAIR: IT IS WITHIN THE AUTHORITY OF THE CHAIR TO CLEAR THE GALLERY. |
| 00:02:47 | MR. JACKSON: I THANK THE SPEAKER. |
| 00:02:49 | I WOULD JUST ENCOURAGE THOSE TO CONTINUE THE CIVIL CONVERSATION WE'RE HAVING ABOUT A VERY DIFFICULT CONVERSATION IN OUR COUNTRY. |
| 00:02:56 | THANK YOU, MR. SPEAKER. THE CHAIR: THE GENTLEMAN FROM MARYLAND IS RECOGNIZED. |
| 00:02:59 | MR. |
| 00:03:00 | VAN HOLLEN: THANK YOU, MR. |
| 00:03:01 | CHAIRMAN. |
| 00:03:02 | IF I -- MR. |
| 00:03:14 | JACKSON: POINT OF ORDER, MR. |
| 00:03:15 | SPEAKER. |
| 00:03:16 | THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAWS AND RULES OF THE HOUSE. |
| 00:03:23 | THE SERGEANT OF ARMS WILL REMOVE THOSE AND RESTORE ORDER AND WOULD REMIND ALL THOSE THAT ARE LISTENING THAT THE CHAIR HAS THE AUTHORITY TO CLEAR THE GALLERY. |
| 00:03:33 | THE GENTLEMAN FROM MARYLAND. |
| 00:03:35 | MR. VAN HOLLEN: MR. CHAIRMAN, MAY I INQUIRE AS TO HOW MUCH TIME REMAINS? |
| 00:03:38 | VERY SERIOUSLY, MR. |
| 00:03:40 | CHAIRMAN, IF -- THE CHAIR: THE GENTLEMAN FROM MARYLAND HAS 9 1/2 MINUTES. |
| 00:03:43 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:03:44 | CHAIRMAN. WE ALL AGREE, WE ALL AGREE WE HAVE TO ACT NOW TO PUT IN PLACE A PLAN TO REDUCE OUR DEFICITS -- MR. |
| 00:04:01 | CHAIRMAN, POINT OF ORDER. |
| 00:04:03 | THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAWS AND RULES OF THE HOUSE. |
| 00:04:10 | THE SERGEANT AT ARMS WILL REMOVE THOSE RESPONSIBLE AND RESTORE ORDER IN THE GALLERY. |
| 00:04:22 | THE COMMITTEE WILL BE IN ORDER. |
| 00:04:29 | COMMITTEE WILL BE IN ORDER. |
| 00:04:50 | THE COMMITTEE WILL BE IN ORDER. |
| 00:05:04 | THE COMMITTEE WILL BE IN ORDER. |
| 00:05:24 | THE CHAIR: THE GENTLEMAN FROM MARYLAND MAY PROCEED. |
| 00:05:27 | MR. VAN HOLLEN: MR. |
| 00:05:28 | CHAIRMAN, I ASK UNANIMOUS CONSENT TO BEGIN MY REMARKS FROM THE BEGINNING. |
| 00:05:32 | THE CHAIR: IS THERE OX? |
| 00:05:33 | SEEING NONE, THE GENTLEMAN MAY PROCEED -- IS THERE OBJECTION? |
| 00:05:36 | SEEING NONE, THE GENTLEMAN MAY PROCEED. |
| 00:05:38 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:05:39 | CHAIRMAN. I THANK MY COLLEAGUES. |
| 00:05:41 | AS I SAID, NOBODY DOUBTS THAT EVERY PERSON IN THIS CHAMBER LOVES THIS COUNTRY AND WANTS TO DO THE RIGHT THING. |
| 00:05:52 | THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAWS AND RULES OF THE HOUSE. |
| 00:05:59 | THE SERGEANT AT ARMS WILL RESTORE ORDER TO THE GALLERY. |
| 00:06:17 | THE COMMITTEE WILL BE IN ORDER. |
| 00:09:57 | THE CHAIR: THE COMMITTEE WILL COME TO ORDER. |
| 00:10:06 | THE CHAIR RECOGNIZES THE GENTLEMAN FROM MARYLAND. |
| 00:10:08 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:10:09 | CHAIRMAN. I'M TEMPTED TO RESERVE MY TIME AND YIELD IT BACK TO THE OTHER -- THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAWS AND RULES OF THE HOUSE. |
| 00:10:21 | THE SERGEANT OF ARMS WILL REMOVE THOSE PERSONS RESPONSIBLE FOR THE DISTURBANCE AND RESTORE ORDER TO THE GALLERY. |
| 00:10:34 | THE CHAIR MAKES THIS ANNOUNCEMENT FOR PURPOSES OF POSSIBLE PROSECUTION. |
| 00:10:48 | THE GENTLEMAN FROM MARYLAND MAY PROCEED. |
| 00:10:53 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:10:54 | CHAIRMAN. AS I SAID, I WAS TEMPTED TO RESERVE MY TIME AND ALLOW MY COLLEAGUE TO PROCEED BUT AS I UNDERSTAND THAT THE CHAMBER IS NOW QUIET, LET ME BEGIN WHERE I LEFT OFF. |
| 00:11:09 | AND SAY THAT ALL OF US AGREE, NERVE THIS TCHAME CHAMBER AGREES -- CHAMBER AGREES WE NEED TO PUT IN PLACE A PLAN TO REDUCE OUR DEFICIT IN A PREDICTABLE STEADY MANNER. |
| 00:11:23 | THE QUESTION THROUGHOUT THIS DEBATE HAS BEEN NOT WHETHER BUT HOW WE DO THAT. |
| 00:11:29 | AND AS THE BIPARTISAN FISCAL COMMISSION HAS INDICATED, ANY RESPONSIBLE EFFORT REQUIRES A BALANCED APPROACH. |
| 00:11:39 | AND THE REPUBLICAN PLAN SIMPLY FAILS ON THAT SCORE. |
| 00:11:43 | AND THAT'S WHAT THE CO-CHAIRS OF THE BIPARTISAN FISCAL COMMISSION SAID. |
| 00:11:48 | THEY SAID IT, QUOTE, FALLS SHORT OF THE BALANCED, COMPREHENSIVE APPROACH NEEDED FOR A RESPONSIBLE PLAN. |
| 00:11:55 | AND WHEN YOU PEEL OFF THE LAYERS, WHAT YOU FIND IS THE REPUBLICAN PLAN IS NOT BOLD. |
| 00:12:03 | IT'S JUST THE SAME OLD TIRED FORMULA WE'VE SEEN BEFORE, PROVIDING BIG TAX BREAKS TO THE VERY WEALTHY AND POWERFUL SPECIAL INTERESTS AT THE EXPENSE OF THE REST OF AMERICA, EXCEPT THIS TIME IT'S DRESSED UP WITH A LOT OF SWEET-SOUNDING TALK OF REFORM. |
| 00:12:22 | BUT AT THE END IT'S THE SAME OLD IDEOLOGICAL AGENDA EXCEPT THIS TIME ON STEROIDS. |
| 00:12:28 | TO GOVERN IS TO CHOOSE. |
| 00:12:30 | EACH OF US IS SENT HERE TO MAKE DIFFICULT CHOICES. |
| 00:12:35 | AND THE CHOICES THAT ARE MADE IN THE REPUBLICAN PLAN, WE BELIEVE, ARE WRONG FOR AMERICA. |
| 00:12:42 | WE DO NOT BELIEVE IT'S COURAGEOUS TO PROTECT TAX GIVEAWAYS TO BIG OIL COMPANIES AND OTHER SPECIAL INTERESTS WHEN WE'RE SLASHING INVESTMENTS IN OUR KIDS' EDUCATION, SCIENTIFIC RESEARCH AND CRITICAL INVESTMENTS IN THE FUTURE. |
| 00:12:57 | WE DON'T THINK IT'S BOLD TO PROVIDE ANOTHER, ANOTHER TAX BREAK TO MILLIONAIRES WHILE ENDING THE MEDICARE GUARANTEE FOR SENIORS AND STICKING SENIORS WITH THE BILL FOR EVER-RISING HEALTH CARE COSTS. |
| 00:13:14 | WE DO NOT BELIEVE IT'S VISIONARY TO REWARD CORPORATIONS THAT SHIP AMERICAN JOBS RATHER THAN AMERICAN PRODUCTS OVERSEAS WHILE WE'RE TERMINATING AFFORDABLE HEALTH CARE FOR TENS OF MILLIONS OF AMERICANS RIGHT HERE AT HOME. |
| 00:13:32 | AND WE DON'T THINK IT'S BRAVE TO GIVE GOVERNORS A BLANK CHECK OF FEDERAL TAXPAYER DOLLARS AND THEN A LICENSE TO CUT SUPPORT FOR SENIORS IN NURSING HOMES, INDIVIDUALS WITH DISABILITIES AND POOR KIDS. |
| 00:13:48 | AND WE DON'T THINK IT'S FAIR TO RAISE TAXES ON MIDDLE INCOME AMERICANS TO PAY FOR ADDITIONAL TAX BREAKS FOR THE FOLKS AT THE VERY TOP. |
| 00:13:59 | YET THOSE ARE THE CHOICES THAT ARE MADE IN THE REPUBLICAN BUDGET. |
| 00:14:05 | WHERE IS THE SHARED SACRIFICE? |
| 00:14:10 | WE HAVE AMERICAN MEN AND WOMEN PUTTING THEIR LIVES ON THE LINE IN IRAQ, IN AFGHANISTAN, WHILE OTHERS HIDE THEIR INCOME IN THE CAYMAN ISLANDS, IN SWITZERLAND, AND REFUSE TO PAY THEIR FAIR SHARE TO SUPPORT OUR NATIONAL EFFORTS. |
| 00:14:28 | AND THAT IS WHY THE BIPARTISAN COMMISSION, AMONG OTHER REASONS, SAID THAT THE REPUBLICAN PLAN IS JUST NOT BALANCED. |
| 00:14:37 | IT'S NOT. LET'S SAY NO TO THE REPUBLICAN PLAN, LET'S SAY YES TO FINDING A BALANCED WAY TO REDUCE OUR DEFICITS IN A WAY THAT PROTECTS THE VALUES AND PRIORITIES OF THE AMERICAN PEOPLE AND IN A WAY THAT GETS OUR ECONOMY MOVING AND AMERICA BACK TO WORK. |
| 00:14:54 | WITH THAT I RESERVE THE BALANCE OF MY TIME. |
| 00:14:57 | THE CHAIR: THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. |
| 00:15:00 | THE GENTLEMAN FROM WISCONSIN. |
| 00:15:03 | MR. |
| 00:15:04 | RYAN: MR. CHAIRMAN, AT THIS TIME I'D LIKE TO YIELD TWO MINUTES TO THE DISTINGUISHED CHAIRMAN OF THE HOUSE REPUBLICAN CONFERENCE, THE GENTLEMAN FROM TEXAS, MR. |
| 00:15:10 | HENSARLING. |
| 00:15:11 | THE CHAIR: THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR TWO MINUTES. |
| 00:15:15 | MR. HENSARLING: MR. CHAIRMAN, EARLIER THIS WEEK "USA TODAY" REPORTED THAT WE HAVE THE FEWEST PARTICIPANTS IN OUR WORK FORCE THAN AT ANY TIME IN 30 YEARS, AND MY DEMOCRATIC COLLEAGUES ANNOUNCE THEIR PLAN TO INCREASE TAXES $1. |
| 00:15:27 | 5 TRILLION ON OUR ECONOMY, MUCH OF IT ON OUR SMALL BUSINESSES. |
| 00:15:32 | THE CONGRESSIONAL BUDGET OFFICE HAS ANNOUNCED THAT MEDICARE IS GOING BROKE IN 2020, AND MY DEMOCRATIC COLLEAGUES ANNOUNCE THEIR PLAN TO DOUBLE DOWN ON THE RATIONING OF HEALTH CARE FOR OUR SENIORS. |
| 00:15:48 | THE CONGRESSIONAL BUDGET OFFICE -- THE CHAIR: THE CHAIR NOTES A DISTURBANCE IN THE GALLERY IN CONTRAVENGES OF THE RULES OF THE HOUSE. |
| 00:15:58 | THE SERGEANT AT ARMS WILL RESTORE ORDER TO THE GALLERY. |
| 00:16:02 | THE GENTLEMAN MAY PROCEED. |
| 00:16:12 | MR. HENSARLING: MR. CHAIRMAN, THE CONGRESSIONAL BUDGET OFFICE HAS ANNOUNCED THAT SOCIAL SECURITY WILL GO BROKE IN 2037, AND MY DEMOCRATIC COLLEAGUES HAVE ANNOUNCED THIS IS NOT A PROBLEM, WE'RE READY TO IMPLEMENT THE 22% BENEFIT CUT THAT'S ALREADY IN OUR STATUTE. |
| 00:16:28 | SURVEY AFTER SURVEY SHOW THAT OUR FELLOW CITIZENS BELIEVE THAT THEIR CHILDREN, THEIR CHILDREN WILL BE WORSE OFF THAN THEY ARE, AND YET MY DEMOCRAT COLLEAGUES ANNOUNCE THEIR PLAN TO ADD $9. |
| 00:16:40 | 1 TRILLION TO THE NATIONAL DEBT. |
| 00:16:44 | MR. CHAIRMAN, IT'S TIME TO QUIT SPENDING MONEY WE DON'T HAVE. |
| 00:16:47 | IT'S TIME TO QUIT BORROWING 42 CENTS ON THE DOLLAR, MUCH OF IT FROM THE CHINESE, AND THEN SEND THE BILL TO OUR CHILDREN AND GRANDCHILDREN. |
| 00:16:57 | THE REPUBLICAN BUDGET WILL HELP US CREATE JOBS WITH FUNDAMENTAL TAX REFORM IN PREVENTING THESE TAX INCREASES. |
| 00:17:04 | IT WILL SAVE OUR SOCIAL SAFETY NET PROGRAMS, PROGRAMS THAT HAVE BEEN OF A GREAT COMFORT TO MY PARENTS AND GRANDPARENTS BEFORE OUR EYES ARE MORPHING INTO PONZI SCHEMES FOR THEIR THIRD GRADE DAUGHTER AND FIRST GRADE SON. |
| 00:17:22 | MR. CHAIRMAN, THE REPUBLICAN BUDGET WILL PUT US ON THE PATH TO PAY OFF THE NATIONAL DEBT. |
| 00:17:26 | MR. |
| 00:17:27 | CHAIRMAN, I HEARD FROM ONE OF MY CONSTITUENTS RECENTLY. |
| 00:17:32 | HE SAID I HAVE NEVER BEEN ASHAMED OF ANYTHING I HAVE DONE IN MY LIFE EXCEPT LEAVING THIS IN THE HANDS OF MY KIDS. |
| 00:17:41 | I WRITTEN THEM A HEART FELT APOLOGY WHEN THEY GET OLD ENOUGH TO UNDERSTAND WHAT THE GOVERNMENT DID TO THEM. |
| 00:17:50 | MR. CHAIRMAN, I HAVE A MESSAGE FOR MR. |
| 00:17:52 | CALHOUN. |
| 00:17:53 | PUT THAT LETTER AWAY. |
| 00:17:54 | HOUSE REPUBLICANS ARE GOING TO STAND FOR TYLER AND CAITLIN. |
| 00:17:59 | WE ARE GOING TO PUT AMERICA BACK TO WORK. |
| 00:18:00 | WE'RE GOING TO SAVE THE SOCIAL SAFETY NET AND PRESERVE THE AMERICAN DREAM FOR OURSELVES AND OUR PROSPERITY. |
| 00:18:08 | I YIELD BACK THE BALANCE OF MY TIME. |
| 00:18:10 | THE CHAIR: THE GENTLEMAN'S TIME HAS EXPIRED. |
| 00:18:13 | THE GENTLEMAN FROM MARYLAND. |
| 00:18:15 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:18:16 | CHAIRMAN. |
| 00:18:17 | IT'S HARD TO SEE HOW SOMEONE WOULD DEFINE SAVING THE SOCIAL SAFETY NET BY ENDING THE MEDICARE GUARANTEE FOR SENIORS, BY SLASHING MEDICAID BY OVER $750 BILLION, A PROGRAM THAT DISPROPORTIONATELY HELPS SENIORS IN NURSING HOMES AND DISABLED INDIVIDUALS. |
| 00:18:40 | IT'S REALLY HARD TO UNDERSTAND THAT IS PRESERVING THE SOCIAL SAFETY NET. |
| 00:18:45 | IT REMINDS ME OF THAT STRANGE STATEMENT WE ONCE HEARD THAT YOU HAVE TO DESTROY THE VILLAGE IN ORDER TO SAVE IT. |
| 00:18:53 | NOW, LET'S UNDERSTAND WHAT HAPPENS UNDER THIS BUDGET TO MEDICARE. |
| 00:18:58 | THIS BUDGET ENDS THE MEDICARE GUARANTEE FOR SENIORS. |
| 00:19:02 | IT DOESN'T REFORM MEDICARE. |
| 00:19:03 | IT DEFORMS AND DISMANTLES IT BECAUSE IT FORCES SENIORS OFF OF THE MEDICARE PROGRAM INTO THE PRIVATE INSURANCE MARKET. |
| 00:19:13 | AND IT DOES NOTHING AS IT DUMPS THE SENIORS INTO THE PRIVATE INSURANCE MARKET TO CONTROL THE RATE OF INCREASE IN HEALTH CARE COSTS. |
| 00:19:25 | AND INSTEAD IT TRANSFERS TO THE SENIORS ALL THOSE RISKS AND ALL THOSE COSTS. |
| 00:19:30 | SENIORS WILL PAY A LOT MORE WHILE THE INSURANCE COMPANIES WILL GET ALL THEIR MEDICARE PAYROLL TAXES, THEY'LL GET A BONANZA OUT OF THIS THING BUT SENIORS WILL BE LEFT HOLDING THE BAG. |
| 00:19:46 | IF YOUR VOUCHER AMOUNT -- CALL IT WHATEVER YOU WANT -- IS NOT SUFFICIENT TO PAY FOR THE INCREASED COST, YOU EAT IT. |
| 00:19:52 | AND WE SAW EARLIER THE FACT THAT BY THE YEAR 2022 SENIORS WILL HAVE TO PAY MORE THAN $6,000 ABOVE WHAT THEY WOULD HAVE HAD TO PAY UNDER THE REGULAR MEDICARE PROGRAM. |
| 00:20:04 | IF YOUR DOCTOR'S NOT ON A PRIVATE PLAN THAT YOU COULD AVOID, TOUGH LUCK. |
| 00:20:09 | THIS IS RATIONING HEALTH CARE BY INCOME, NOTHING MORE, AND I WANT TO SAY SOMETHING JUST TO CLEAR THE RECORD ONE MORE TIME. |
| 00:20:17 | WE KEEP HEARING THAT THEY'RE OFFERING SENIORS EXACTLY WHAT MEMBERS OF CONGRESS GET. |
| 00:20:26 | IT SIMPLY IS NOT TRUE. |
| 00:20:27 | WHAT MEMBERS OF CONGRESS GET IS WHAT'S CALLED A FAIR SHARE DEAL. |
| 00:20:32 | I ENCOURAGE MY COLLEAGUES ON ALL SIDES OF THE AISLE JUST TO LOOK AT THE FEDERAL EMPLOYEES BENEFIT PLAN AND YOU LOOK IN THE OFFICE OF PERSONNEL THAT SAYS THIS FORMULA IS KNOWN AS THE FAIR SHARE FORMULA BECAUSE IT WILL MAINTAIN A CONSISTENT LEVEL OF GOVERNMENT CONTRIBUTIONS AS A PERCENTAGE OF PROGRAM COSTS REGARDLESS OF WHAT PLAN THE ENROLLEES ELECT. |
| 00:20:58 | AND IT SAYS THAT THE GOVERNMENT CONTRIBUTION EQUALS THE LESSER OF 72% OF THE AMOUNTS O. |
| 00:21:06 | P.M. DETERMINES PROGRAMWIDE OR 75%. |
| 00:21:11 | THE FACT IS THAT MEMBERS OF CONGRESS GET A FAIR SHARE FORMULA. |
| 00:21:16 | THE REPUBLICAN BUDGET DOES NOT GIVE A FAIR SHARE FORMULA TO SENIORS ON MEDICARE. |
| 00:21:20 | IT JUST DOESN'T. |
| 00:21:21 | IN FACT, THE WAY IT SAVES MONEY IS TO GIVE THEM AN UNFAIR DEAL. |
| 00:21:26 | IT UNCONNECTS THE SUPPORT WE GIVE TO SENIORS FROM RISING HEALTH CARE COSTS. |
| 00:21:35 | THAT'S WHY SENIORS WILL END UP PAYING SO MUCH MORE AND MORE AND MORE BECAUSE YOU MAKE THE SAVINGS. |
| 00:21:44 | HEALTH CARE COSTS ARE GOING UP LIKE THIS AND THE SUPPORT, IF YOU WANT TO CALL IT SUPPORT, IT IS REALLY NOT, COMING FROM THE MEDICARE PROGRAM FROM THE FEDERAL GOVERNMENT, IS GOING LIKE THIS. |
| 00:21:56 | THAT'S WHY THE SENIORS ARE HAVING TO EAT THOSE ADDITIONAL COSTS. |
| 00:22:00 | THAT'S WHAT THE REPUBLICAN BUDGET DOES AT THE SAME TIME THEY DO PROVIDE ADDITIONAL TAX BREAKS FOR THE VERY FOLKS -- THE FOLKS AT THE VERY TOP. |
| 00:22:08 | AND IF YOU WANT TO GET RID OF SOME OF THE JUNK IN THE TAX CODE YOU CAN SUPPORT THE DEMOCRATIC PLAN BECAUSE WE GOT RID OF SUBSIDIES FOR THE OIL COMPANIES, WE GOT RID OF THOSE PERVERSE TAX INCENTIVES TO REWARD CORPORATIONS THAT ARE SHIPPING AMERICAN JOBS INSTEAD OF AMERICAN PRODUCTS OVERSEAS. |
| 00:22:25 | IF YOU WANT TO START WITH TAX REFORM, VOTE FOR THE DEMOCRATIC PLAN. |
| 00:22:29 | THOSE ARE THE CHOICES WE MADE, NOT ENDING THE MEDICARE GUARANTEE. |
| 00:22:35 | THE CHAIR: THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. |
| 00:22:37 | THE GENTLEMAN FROM WISCONSIN. |
| 00:22:38 | MR. |
| 00:22:39 | RYAN: MR. CHAIRMAN, AT THIS TIME I'D LIKE TO YIELD ONE MINUTE TO THE DISTINGUISHED MAJORITY LEADER, MR. |
| 00:22:42 | CANTOR. |
| 00:22:43 | THE CHAIR: THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE. |
| 00:22:45 | MR. CANTOR: I THANK THE CHAIRMAN, AND I WANT TO THANK THE GENTLEMAN FROM WISCONSIN, MR. |
| 00:22:51 | RYAN, FOR HIS OUTSTANDING LEADERSHIP AND ALL THE HARD WORK HE'S SHOWN IN LEADING THIS EFFORT TO PUT TOGETHER A BUDGET FOR THIS HOUSE. |
| 00:23:02 | I ALSO WANT TO COMMEND THE HARD WORK OF HIS MEMBERS AND THE COMMITTEE FOR BRINGING THIS FORWARD. |
| 00:23:10 | MR. CHAIRMAN, THE FEDERAL GOVERNMENT IS BROKE. |
| 00:23:12 | WE BORROW NEARLY 40 CENTS OF EVERY DOLLAR WE SPEND. |
| 00:23:18 | OUR DEBT IS MORE THAN $14 TRILLION, AND IT'S AVERAGING YEARLY TO TRILLION-DOLLAR DEFICITS. |
| 00:23:29 | WE SIMPLE -- SIMPLY CANNOT AFFORD SPENDING THE MONEY WE DON'T HAVE AND WE MUST SIMPLY BRING DOWN THE DEBT. |
| 00:23:37 | NOW, FOR YEARS THIS HOUSE, INCLUDING LEGISLATORS ON BOTH SIDES OF THE AISLE, HAS KICKED THE CAN DOWN THE ROAD. |
| 00:23:45 | AMERICANS WERE LED TO BELIEVE THAT WE COULD SPEND HUNDREDS OF BILLIONS OF DOLLARS THAT WE DON'T HAVE AND THAT THERE WOULD BE NO CONSEQUENCES. |
| 00:23:53 | AND WHEN IT CAME TO FOSTERING AN ENVIRONMENT WHERE AMERICAN BUSINESS COULD COMPETE IN THE GLOBAL ECONOMY, WE BECAME COMPLACENT. |
| 00:24:03 | THIS MUST STOP. |
| 00:24:06 | IT'S TIME TO BE HONEST WITH THE AMERICAN PEOPLE. |
| 00:24:11 | MR. CHAIRMAN, WE STAND AT A CROSSROADS. |
| 00:24:14 | BEFORE US LIES TWO DIFFERENT PATHS. |
| 00:24:19 | ONE DEFINED BY CRUSHING DEBT, SLOW GROWTH AND DIMINISHED OPPORTUNITY, AND ONE DEFINED BY ACHIEVEMENT, INNOVATION AND AMERICAN LEADERSHIP. |
| 00:24:31 | MR. CHAIRMAN, THE HOUSE IS NOT IN ORDER. |
| 00:24:34 | THE CHAIR: THE GENTLEMAN IS CORRECT. |
| 00:24:40 | THE COMMITTEE IS NOT IN ORDER. |
| 00:24:41 | CONVERSATIONS WILL BE SUSPENDED. |
| 00:24:46 | THE GENTLEMAN MAY PROCEED. |
| 00:24:47 | MR. CANTOR: THANK YOU, MR. |
| 00:24:48 | CHAIRMAN. BY DEMONSTRATING COURAGE AND DIRECTLY CONFRONTING OUR CHALLENGE AT THIS CRITICAL MOMENT, WE CAN FULFILL THE PROMISE OF AMERICA AND PASS ON TO OUR CHILDREN A NATION THAT OFFERS EVERYONE A FAIR SHOT AT EARNING THEIR SUCCESS. |
| 00:25:05 | THE HOUSE REPUBLICAN BUDGET IS AN HONEST, FACT-BASED PROPOSAL THAT DETAILS OUR VISION FOR MANAGING DOWN OUR DEBT AND GROWING OUR WAY BACK TO PROSPERITY. |
| 00:25:17 | FIRST, WE WILL STOP SPENDING MONEY THAT WE DON'T HAVE. |
| 00:25:19 | THIS BUDGET CUTS NONSECURITY DISCRETIONARY SPENDING TO BELOW 2008 LEVELS AND FREEZES IT FOR FIVE MINUTES. |
| 00:25:29 | OVERALL, WE REACH $6. |
| 00:25:31 | 2 TRILLION IN SAVINGS AGAINST THE PRESIDENT'S BUDGET. |
| 00:25:37 | SECOND, WE'LL LEAD WHERE THE PRESIDENT HAS FAILED BY FINALLY ADDRESSING OUR INSOLVENT ENTITLEMENT PROGRAMS. |
| 00:25:44 | WE KNOW THAT THESE PROGRAMS ARE THE BIGGEST DRIVERS OF OUR DEBT AND THE CONGRESSIONAL BUDGET OFFICE ACKNOWLEDGES THAT IF WE DON'T TAKE ACTION THESE IMPORTANT SAFETY NET PROGRAMS WILL GO BROKE. |
| 00:25:59 | WE CANNOT AFFORD TO IGNORE THESE -- THIS ONCOMING FISCAL TRAIN WRECK ANY LONGER. |
| 00:26:03 | WHILE IT MAY BE SEEN BY SOME AS POLITICALLY RISKY, WE REPUBLICANS ARE WILLING TO LEAD BECAUSE, TO BE FRANK, COMPLACENCY IS NOT AN OPTION. |
| 00:26:16 | TO BE CLEAR, OUR PLAN WILL NOT TOUCH BENEFITS FOR TODAY'S SENIORS AND THOSE NEARING RETIREMENT. |
| 00:26:23 | FOR THOSE OF US 54 AND BELOW IT CALLS FOR REFORMS THAT WILL RESTRUCTURE MEDICARE AND MEDICAID TO ENSURE THAT THESE SAFETY NETS WILL STILL BE THERE FOR THOSE WHO NEED IT, NOT FOR THOSE WHO DON'T. |
| 00:26:43 | UNLIKE THE LOFTY OUTLINE THE PRESIDENT GAVE IN HIS SPEECH THIS WEEK, OUR BUDGET IS NOT A POLITICAL DOCUMENT. |
| 00:26:51 | WE DO NOT DREAM UP IMAGINARY SAVINGS AND DODGE SPECIFICS. |
| 00:26:56 | IN AN EFFORT TO LULL PEOPLE INTO THE BELIEF THAT THEY CAN ACTUALLY GET THINGS FOR NOTHING. |
| 00:27:04 | OUR BUDGET IS A CONCRETE PLAN FOR GETTING OUR FISCAL HOUSE IN ORDER, AND WE DO NOT RESORT TO TAX INCREASES ON THE VERY SMALL BUSINESSES AND JOB CREATORS WE NEED TO PUT AMERICA BACK TO WORK. |
| 00:27:19 | BRINGING DOWN THE DEBT SENDS A MESSAGE TO AMERICAN FAMILIES. |
| 00:27:22 | IT SENDS A MESSAGE TO BUSINESS MEN AND WOMEN, TO ENTREPRENEURS AND TO INVESTORS. |
| 00:27:28 | IT GIVES THEM THE CONFIDENCE THAT THEY WON'T FACE A FUTURE PLAGUED BY INFLATION, HIGHER TAXES AND HIGHER INTEREST RATES. |
| 00:27:40 | WE UNDERSTAND THAT CUTTING SPENDING ALONE IS NOT ENOUGH. |
| 00:27:42 | THAT'S WHY OUR BUDGET CALLS FOR PRO-GROWTH POLICIES TO GET OUR ECONOMY GROWING AND TO GET PEOPLE BACK TO WORK. |
| 00:27:51 | FAMILIES AND SMALL BUSINESS PEOPLE ARE STRUGGLING, AND TODAY, TAX DAY, MILLIONS OF THEM WILL SEND THEIR HARD-EARNED MONEY TO UNCLE SAM. |
| 00:28:01 | THE LAST THING WE SHOULD BE ASKING THEM TO DO IS TO SEND YET AGAIN MORE. |
| 00:28:09 | INSTEAD, OUR BUDGET CALLS FOR A MORE COMPETITIVE TAX SYSTEM THAT WILL ENCOURAGE THE ECONOMY TO GROW, CREATE JOBS AND SPUR INVESTMENT IN THE PRIVATE SECTOR. |
| 00:28:19 | WE CALL FOR THE END OF CRONY CAPITALISM THAT ALLOWS PRIVILEGED INDUSTRIES GAIN COMPETITIVE ADVANTAGE IN OUR TAX CODE, AND WE CALL FOR A MORE SIMPLE SYSTEM THAT LOWERS RATES FOR ALL BUT MAKE SURE THAT EVERYONE PAYS THEIR FAIR SHARE. |
| 00:28:39 | MR. CHAIRMAN, WITH THIS BUDGET HOUSE REPUBLICANS ARE CHANGING THE CULTURE IN WASHINGTON FROM ONE OF SPENDING TO ONE OF SAVINGS. |
| 00:28:49 | FINALLY, MR. |
| 00:28:50 | CHAIRMAN, AMERICA WILL SEE THAT IT CAN GET ITS FISCAL HOUSE IN ORDER AFTER YEARS OF MISMANAGEMENT. |
| 00:28:58 | WE ARE FINALLY DOING WHAT FAMILIES AND SMALL BUSINESS PEOPLE HAVE BEEN DOING FOR YEARS, TIGHTENING THE BELTS AND LEARNING HOW TO DO MORE WITH LESS. |
| 00:29:10 | AGAIN, MR. |
| 00:29:11 | CHAIRMAN, I THANK CHAIRMAN RYAN AND HIS COMMITTEE FOR THEIR OUTSTANDING LEADERSHIP, AND I URGE MY COLLEAGUES TO SUPPORT THIS RESOLUTION. |
| 00:29:19 | I YIELD BACK. |
| 00:29:22 | THE CHAIR: THE GENTLEMAN'S TIME HAS EXPIRED. |
| 00:29:25 | THE GENTLEMAN FROM MARYLAND. |
| 00:29:26 | MR. VAN HOLLEN: I RESERVE. |
| 00:29:28 | THE CHAIR: THE GENTLEMAN RESERVES HIS TIME. |
| 00:29:31 | THE GENTLEMAN FROM WISCONSIN. |
| 00:29:32 | MR. |
| 00:29:33 | RYAN: MAY I INQUIRE OF THE GENTLEMAN FROM MARYLAND, HE HAS JUST MINIMUM SELF? |
| 00:29:37 | MR. VAN HOLLEN: WE HAVE ANOTHER SPEAKER. |
| 00:29:40 | MR. RYAN: OK. |
| 00:29:41 | AT THIS TIME, MR. |
| 00:29:42 | CHAIRMAN, I'D LIKE TO -- MR. |
| 00:29:43 | VAN HOLLEN: WE HAVE ANOTHER SPEAKER -- ONE MORE IN ADDITION TO MYSELF. |
| 00:29:48 | MR. RYAN: WHY DON'T YOU TAKE ONE THEN? |
| 00:29:50 | MR. |
| 00:29:51 | VAN HOLLEN: HOW MANY -- MR. |
| 00:29:52 | RYAN: WE HAVE THE RIGHT TO CLOSE. |
| 00:29:54 | AND WE HAVE JUST TWO MORE SPEAKERS ON OUR SIDE. |
| 00:29:56 | HOW MANY DO YOU HAVE? |
| 00:29:57 | MR. |
| 00:29:58 | VAN HOLLEN: WE HAVE TWO MORE. |
| 00:30:02 | MR. |
| 00:30:03 | RYAN: ALL RIGHT. |
| 00:30:04 | YOU'LL DO TWO TOGETHER THEN. |
| 00:30:06 | OK. AT THIS TIME, MR. |
| 00:30:07 | CHAIRMAN UCKS I'D LIKE TO YIELD ONE MINUTE TO THE SPEAKER OF THE HOUSE, MR. |
| 00:30:11 | BOEHNER. |
| 00:30:12 | THE CHAIR: THE SPEAKER IS RECOGNIZED. |
| 00:30:14 | THE SPEAKER: I'M GLAD WE GOT THAT RESOLVED. |
| 00:30:18 | THE AMERICAN PEOPLE UNDERSTAND THAT WE CAN'T CONTINUE TO SPEND MONEY THAT WE DON'T HAVE. |
| 00:30:23 | OUR NATIONAL DEBT HAS NOW SURPASSED $14. |
| 00:30:27 | 2 TRILLION. |
| 00:30:28 | IT'S ON A TRACK TO ECLIPSE THE ENTIRE SIZE OF OUR ECONOMY. |
| 00:30:34 | AND THIS MASSIVE DEBT THAT WE'RE INCURRING HURTS PRIVATE SECTOR JOB CREATION, ERODING CONFIDENCE, SPREADING UNCERTAINTY AMONGST EMPLOYERS BIG AND SMALL, DISCOURAGING PRIVATE INVESTMENT IN OUR ECONOMY THAT IS SORELY NEEDED IN ORDER FOR US TO CREATE JOBS. |
| 00:30:55 | THIS DEBT IS ALSO A MORAL THREAT TO OUR COUNTRY. |
| 00:30:57 | IN MY OPINION IT IS IMMORAL TO ROB OUR CHILDREN AND GRANDCHILDREN'S FUTURE AND LEAVE THEM BEHOLDEN TO COUNTRIES AROUND THE WORLD WHO BUY OUR DEBT. |
| 00:31:10 | WE HAVE A MORAL OBLIGATION TO SPEAK THE TRUTH AND TO DO SOMETHING ABOUT IT. |
| 00:31:16 | YESTERDAY WE TOOK THE FIRST STEP IN BEGINNING TO ADDRESS THIS MASSIVE DEBT BY PASSING LEGISLATION THAT WOULD REDUCE OUR DEFICIT BY $315 BILLION OVER THE NEXT 10 YEARS. |
| 00:31:28 | IT WAS AN IMPERFECT BILL, BUT IT WAS A POSITIVE STEP THAT HAS CLEARED THE DECKS AND ALLOWED TO US FOCUS ON CUTTING TRILLIONS OF DOLLARS, NOT JUST BILLIONS. |
| 00:31:38 | AND CHAIRMAN RYAN AND THE MEMBERS OF THE BUDGET COMMITTEE HAVE DONE AN EXCELLENT JOB OF PUTTING TOGETHER A BUDGET THAT'S WORTHY OF THE AMERICAN PEOPLE. |
| 00:31:47 | THIS BUDGET WILL HELP JOB CREATION TODAY, LIFT THE CRUSHING BURDEN OF DEBT THAT THREATENS OUR CHILDREN'S FUTURE AND PRESERVE AND PROTECT PROGRAMS LIKE MEDICARE AND MEDICAID. |
| 00:31:58 | AND MOST IMPORTANTLY THE BUDGET SHOWS FAMILIES AND SMALL BUSINESSES THAT WERE SERIOUS ABOUT DEALING WITH AMERICA'S SPENDING ILLNESS SO WE CAN PUT OUR COUNTRY ON A PATH TO PROSPERITY. |
| 00:32:12 | THE RYAN BUDGET SETS THE BAR FOR THE DEBATE GOING FORWARD. |
| 00:32:17 | PRESIDENT OBAMA HAD AN OPPORTUNITY TO MATCH IT. |
| 00:32:22 | UNFORTUNATELY HE GAVE A PARTISAN SPEECH ABOUT THE NEED FOR MORE SPENDING, MORE TAXING AND MORE BORROWING. |
| 00:32:29 | HE SAID HE MUST -- HE WANTS TO TARGET OUR DEBT PROBLEM THROUGH A SO-CALLED DEBT FAILSAFE. |
| 00:32:36 | BUT EXEMPTS THE MAJOR ENTITLEMENT PROGRAMS THAT ACCOUNT FOR MOST OF THE LONG-TERM DEBT PROBLEMS. |
| 00:32:43 | AND HE PROPOSED YET ANOTHER COMMISSION, THOUGH HE IGNORED THE RECOMMENDATIONS OF THIS LAST ONE. |
| 00:32:50 | INSTEAD OF OFFERING SERIOUS SOLUTIONS, THE PRESIDENT ASKED CONGRESS TO RAISE THE DEBT LIMIT WITHOUT ADDRESSING WASHINGTON'S SPENDING PROBLEM. |
| 00:32:58 | THE PRESIDENT WANTS A CLEAN BILL. |
| 00:33:00 | AND THE AMERICAN PEOPLE WILL NOT TOLERATE IT. |
| 00:33:06 | NOW, LET ME BE CLEAR. THERE WILL BE NO DEBT LIMIT INCREASE UNLESS IT'S ACCOMPANIED BY SERIOUS SPENDING CUTS AND REAL BUDGET REFORM. |
| 00:33:19 | WE DELIVERED THIS MESSAGE ON WEDNESDAY MORNING TO THE PRESIDENT AND WE CANNOT CONTINUE TO BORROW RECKLESSLY AND DIG OURSELVES A DEEPER HOLE AND MORTGAGE THE FUTURE OF OUR CHILDREN AND GRANDCHILDREN. |
| 00:33:32 | THE AMERICAN PEOPLE ARE LOOKING FOR LEADERSHIP TO ADDRESS THIS DEBT CRISIS. |
| 00:33:39 | AND UNFORTUNATELY THE PRESIDENT HAS FAILED TO PUT A SERIOUS PROPOSAL ON THE TABLE. |
| 00:33:46 | AND IF THE PRESIDENT WON'T LEAD, WE WILL. |
| 00:33:48 | NO MORE KICKING THE CAN DOWN THE ROAD, NO MORE WHISTLING PAST THE GRAVEYARD. |
| 00:33:54 | NOW IS THE TIME TO ADDRESS THE SERIOUS CHALLENGES THAT FACE THE AMERICAN PEOPLE. |
| 00:34:02 | AND WE WILL. |
| 00:34:03 | THE CHAIR: THE GENTLEMAN'S TIME HAS EXPIRED. |
| 00:34:07 | THE GENTLEMAN FROM MARYLAND. |
| 00:34:08 | MR. VAN HOLLEN: THANK YOU, MR. |
| 00:34:09 | CHAIRMAN. |
| 00:34:10 | I WOULD POINT OUT THAT EVEN IF WE ADOPT THE REPUBLICAN BUDGET, WE'RE GOING TO HAVE TO LIFT THE DEBT CEILING FOR YEARS AND YEARS TO COME. |
| 00:34:19 | SO LET'S NOT PLAY RUSSIAN ROULETTE WITH THE ECONOMY AND THE FULL FAITH AND CREDIT OF THE UNITED STATES GOVERNMENT. |
| 00:34:24 | ON THE QUESTION OF JOBS, THE QUESTION OF JOBS, DURING THE CLINTON ADMINISTRATION WE ASKED THE VERY WEALTHIEST FOR A LITTLE BIT MORE SACRIFICE THAN THEY HAVE TODAY AND YOU KNOW WHAT HAPPENED TO JOBS? |
| 00:34:38 | 20 MILLION JOBS WERE CREATED DURING THE ADMINISTRATION, CLINTON ADMINISTRATION. |
| 00:34:43 | UNDER THE CURRENT TAX RATES, AFTER EIGHT YEARS OF GEORGE BUSH, PRIVATE SECTOR LOST 630,000 JOBS. |
| 00:34:51 | MR. |
| 00:34:52 | CHAIRMAN, CAN I INQUIRE HOW MUCH TIME I HAVE REMAINING? |
| 00:34:55 | THE CHAIR: THE GENTLEMAN HAS 1 1/2 MINUTES REMAINING. |
| 00:35:00 | MR. VAN HOLLEN: I YIELD MYSELF 30 SECONDS. |
| 00:35:01 | THE CHAIR: THE GENTLEMAN IS RECOGNIZED FOR 30 SECONDS. |
| 00:35:04 | MR. VAN HOLLEN: SO YOU SEE THE PATTERN HERE, DURING THE CLINTON ADMINISTRATION ECONOMIC GROWTH BOOMING, 20 MILLION JOBS CREATED, DURING THE EIGHT YEARS OF THE BUSH ADMINISTRATION NET LOSS 653,000 JOBS. |
| 00:35:17 | WE NEED TO CONTINUE TO INVEST IN THIS COUNTRY AND MAKE SURE THAT THE ENTREPRENEURS OF THIS COUNTRY CAN CONTINUE TO THRIVE. |
| 00:35:24 | WE NEED TO DO THIS IN A BALANCED WAY AND I WOULD POINT OUT THAT THE FOLKS WHO SAID THAT THE REPUBLICAN PLAN THIS REPUBLICAN PLAN DEBATE WOULD INCREASE JOBS ARE THE SAME PEOPLE WHO PREDICTED THAT THE BUSH TAX CUTS WOULD CREATE JOBS. |
| 00:35:40 | THAT'S THE BLUE LINE IS THE PREDICTION OF THE HERITAGE FOUNDATION ABOUT WHAT THAT WOULD HAPPEN. |
| 00:35:46 | THE RED IS THE REALITY. |
| 00:35:47 | IF WE WANT TO CREATE JOBS AND REDUCE THE DEFICIT, WE NEED TO DO IT IN A BALANCED WAY. |
| 00:35:51 | THAT'S WHAT THE FISCAL COMMISSION SAID, THAT'S WHAT THE DEMOCRATIC PLAN DOES. |
| 00:35:55 | WE URGE EVERYONE RESPECTFULLY TO VOTE NO ON THE REPUBLICAN PLAN. |
| 00:36:01 | IT'S THE WRONG CHOICE FOR AMERICA. |
| 00:36:04 | AND WITH THAT I YIELD A MINUTE TO THE DISTINGUISHED DEMOCRATIC LEADER, MS. |
| 00:36:09 | PELOSI. THE CHAIR: THE GENTLELADY IS RECOGNIZED. |
| 00:36:13 | MS. |
| 00:36:14 | PELOSI: THANK YOU VERY MUCH, MR. |
| 00:36:15 | SPEAKER. |
| 00:36:16 | I THANK THE GENTLEMAN FOR YIELDING. |
| 00:36:17 | I THANK HIM FOR BRINGING A BUDGET PROPOSAL TO THE FLOOR TODAY THAT IS A STATEMENT OF OUR NATIONAL VALUES, ABOUT WHAT WE CARE ABOUT, INVESTING IN OUR CHILDREN, HONORING OUR SENIORS, GROWING, CREATING JOBS, GROWING THE ECONOMY, STRENGTHENING THE MIDDLE CLASS. |
| 00:36:31 | THANK YOU, MR. |
| 00:36:32 | VAN HOLLEN, FOR YOUR GREAT LEADERSHIP IN THAT REGARD. |
| 00:36:38 | MR. |
| 00:36:39 | SPEAKER, TODAY WE ARE TAKING A VOTE THAT IS VERY, VERY IMPORTANT FOR THE HEALTH AND SECURITY OF AMERICAN SENIORS. |
| 00:36:45 | A GREAT DEAL IS AT STAKE. |
| 00:36:47 | AND I'M JUST GOING TO FOCUS ON ONE PART OF THIS REPUBLICAN BUDGET. |
| 00:36:52 | I WANT TO SAY TO MY REPUBLICAN COLLEAGUES, DO YOU REALIZE THAT YOUR LEADERSHIP IS ASKING TO YOU CAST A VOTE TODAY TO ABOLISH MEDICARE AS WE KNOW IT? |
| 00:37:03 | BECAUSE THAT IS A VOTE THAT WE HAVE. |
| 00:37:07 | THIS IS NOT ABOUT AN ISSUE, THIS IS ABOUT A VALUE, THIS IS ABOUT AN ETHIC. |
| 00:37:13 | MEDICARE IS A CORE VALUE OF OUR SOCIAL COMPACT WITH THE AMERICAN PEOPLE. |
| 00:37:19 | YET THIS BUDGET SHREDS THAT CONTRACT WHICH IS PART OF THE STRENGTH OF OUR COUNTRY. |
| 00:37:26 | THE REPUBLICAN PROPOSAL BREAKS THE PROMISE THAT OUR COUNTRY HAS MADE TO OUR SENIORS. |
| 00:37:32 | THAT AFTER A LIFETIME OF WORK THEY WILL BE ABLE TO DEPEND ON MEDICARE TO PROTECT THEM IN RETIREMENT. |
| 00:37:40 | THIS PLAN, THE REPUBLICAN PLAN, ENDS MEDICARE AS WE KNOW IT AND DRAMATICALLY REDUCES BENEFITS FOR SENIORS. |
| 00:37:47 | IT FORCES THEM TO PAY MORE -- TO BUY THEIR INSURANCE COMPANIES FROM HEALTH INSURANCE COMPANIES WHERE THE AVERAGE SENIOR WILL BE FORCED TO PAY TWICE AS MUCH FOR HALF THE BENEFITS. |
| 00:37:58 | I WANT TO REPEAT THAT. |
| 00:38:00 | IT FORCES -- THE REPUBLICAN PLAN FORCES SENIORS TO BUY THEIR INSURANCE FROM HEALTH INSURANCE COMPANIES WHERE THE AVERAGE SENIOR WILL BE FORCED TO PAY TWICE AS MUCH FOR HALF THE BENEFITS. |
| 00:38:13 | AS MUCH AS $20,000 PER YEAR MORE FOR SOME SENIORS. |
| 00:38:18 | THIS PLAN HAS THE WRONG PRIORITIES FOR OUR SENIORS AND FOR ALL AMERICANS. |
| 00:38:24 | THE REPUBLICAN BUDGET, JUST REMEMBER THESE THREE THINGS, ENDS MEDICARE AS WE KNOW IT, GIVES BIG TAX BREAKS AND SUBSIDIES, TENS OF BILLIONS OF DOLLARS TO BIG OIL. |
| 00:38:37 | THIS BUDGET REDUCES MEDICAID FOR OUR SENIORS IN NURSING HOMES, SENDING THEM AWAY FROM NURSING HOMES WHILE IT GIVES TAX BREAKS TO COMPANIES THAT SEND JOBS OVERSEAS. |
| 00:38:48 | THIS BUDGET HURTS OUR CHILDREN'S EDUCATION. |
| 00:38:53 | IN FACT, IT INCREASES THE COST OF HIGHER EDUCATION FOR NEARLY 10 MILLION OF OUR YOUNG ADULTS WHILE IT GIVES TAX BREAKS TO AMERICA'S WEALTHIEST FAMILIES. |
| 00:39:03 | THAT'S JUST NOT FAIR. IT IS JUST NOT THE AMERICAN WAY. |
| 00:39:07 | HERE WE ARE, YESTERDAY WE OBSERVED THE 100TH DAY OF THE REPUBLICAN MAJORITY IN CONGRESS. |
| 00:39:14 | IN THAT 100 DAYS NOT ONE JOB HAS BEEN CREATED, NOT ONE JOB AGENDA IS IN THE WORKS. |
| 00:39:22 | AND WHAT ARE WE DOING? |
| 00:39:25 | WE ARE HERE TO ABOLISH MEDICARE INSTEAD. |
| 00:39:29 | I'VE HEARD OUR COLLEAGUES SAY THAT THE BUDGET DEFICIT IS IMMORAL. |
| 00:39:35 | IT'S BEEN IMMORAL FOR THE EIGHT YEARS OF THE BUSH ADMINISTRATION AND DIDN'T HEAR ANYBODY SAY BOO WHILE WE WERE GIVING TAX CUTS TO THE RICH, HAVING TWO WARS UNPAID FOR AND GIVING TAX -- PRESCRIPTION DRUG BILLS TO THE PRIVATE SECTOR. |
| 00:39:51 | DEMOCRATS ARE COMMITTED TO REDUCING THE DEFICIT, WE HAVE DEMONSTRATED THAT WE CAN DURING THE CLINTON ADMINISTRATION AND WE WILL. |
| 00:40:01 | WE ARE COMMITTED TO STRENGTH BEING -- STRENGTHENING THE MIDDLE CLASS, TO GROWING OUR ECONOMY AS WE REDUCE THE DEFICIT AND TO CREATING JOBS. |
| 00:40:07 | THE REPUBLICAN BUDGET FAILS TO DO THAT AND THE REPUBLICAN BUDGET WILL NOT HAVE DEMOCRATIC SUPPORT. |
| 00:40:17 | WE ARE HERE AS ONE OF THE PREVIOUS SPEAKERS SAID, NOW IS THE TIME, NOW IS THE TIME TO PRESERVE MEDICARE AND DEMOCRATS WILL. |
| 00:40:27 | I URGE A NO VOTE ON THE REPUBLICAN PLAN. |
| 00:40:31 | THANK YOU. |
| 00:40:32 | THE CHAIR: THE GENTLEWOMAN'S TIME HAS EXPIRED. |
| 00:40:34 | -- THE GENTLELADY'S TIME HAS EXPIRED. |
| 00:40:37 | THE GENTLEMAN FROM WISCONSIN. |
| 00:40:38 | MR. RYAN: MR. CHAIRMAN, AT THIS TIME I'D LIKE TO YIELD MYSELF THE REMAINDER OF THE TIME AND ADDRESS THE HOUSE FROM THE WELL. |
| 00:40:43 | THE CHAIR: THE GENTLEMAN IS RECOGNIZED. |
| 00:40:50 | MR. |
| 00:40:51 | RYAN: FIRST OF ALL, MR. |
| 00:40:52 | CHAIRMAN, I WANT TO THANK OUR STAFFS. |
| 00:40:54 | THE DEMOCRATIC STAFF AND THE REPUBLICAN STAFF FOR ALL OF THEIR HARD WORK IN GETTING US TO THIS MOMENT. |
| 00:41:00 | I WANT TO ASK MY COLLEAGUES A QUESTION. |
| 00:41:01 | I WANT TO ASK THE AMERICAN PEOPLE A QUESTION. |
| 00:41:04 | YOU KNOW, I REMEMBER ONE OF THE WORST MOMENTS I HAD IN CONGRESS WAS THE FINANCIAL CRISIS OF 2008. |
| 00:41:09 | SEEMS LIKE IT WAS YESTERDAY. |
| 00:41:12 | WE HAD THE TREASURY SECRETARY, WE HAD THE FEDERAL RESERVE CHAIRMAN COMING HERE TALKING ABOUT CRISIS. |
| 00:41:16 | TALKING ABOUT BANK COLLAPSES. |
| 00:41:18 | AND WHAT CAME OUT OF THAT WAS REALLY UGLY LEGISLATION THAT WE PASSED IN A BIPARTISAN BASIS BUT NO ONE ENJOYED. |
| 00:41:25 | THAT CRISIS CAUGHT US BY SURPRISE. |
| 00:41:27 | IT WAS UNPREDICTABLE. |
| 00:41:28 | WE DIDN'T SEE IT COMING. |
| 00:41:30 | LET ME ASK YOU THIS. |
| 00:41:33 | WHAT IF YOUR PRESIDENT AND YOUR MEMBER OF CONGRESS SAW IT COMING? |
| 00:41:38 | WHAT IF THEY KNEW WHY IT WAS HAPPENING, WHEN IT WAS GOING TO HAPPEN AND, MORE IMPORTANTLY, THEY KNEW WHAT TO DO TO STOP IT AND THEY HAD TIME TO STOP IT BUT THEY DIDN'T BECAUSE OF POLITICS? |
| 00:41:54 | WHAT WOULD YOU THINK OF THAT PERSON? |
| 00:41:57 | MR. |
| 00:41:58 | CHAIRMAN, THAT IS WHERE WE ARE RIGHT NOW. |
| 00:42:03 | THIS IS THE MOST PREDICTABLE ECONOMIC CRISIS WE'VE EVER HAD IN THE HISTORY OF THIS COUNTRY. |
| 00:42:07 | AND YET WE HAVE A PRESIDENT WHO IS UNWILLING TO LEAD, WE HAVE TOO MANY POLITICIANS WEARED ABOUT THE NEXT ELECTION AND -- WORRIED ABOUT THE NEXT ELECTION AND NOT WORRIED ABOUT THE NEXT GENERATION. |
| 00:42:21 | EVERY POLITICIAN IN THIS TOWN, EVERY POLITICIAN IN THIS TOWN KNOWS WE HAVE A DEBT CRISIS. |
| 00:42:28 | THEY KNOW THAT WE ARE IN DANGER. |
| 00:42:30 | WE CANNOT AVOID THIS CHOICE TO GOVERN -- CHOICE. |
| 00:42:34 | TO GOVERN IS TO CHOOSE. |
| 00:42:36 | WE ARE MAKING A CHOICE EVEN IF WE DON'T ACT AND THAT'S THE WRONG CHOICE. |
| 00:42:42 | IN THE WORDS OF ABRAHAM LINCOLN, WE CANNOT ESCAPE HISTORY, WE OF THIS CONGRESS AND THIS ADMINISTRATION WILL BE REMEMBERED IN SPITE OF OURSELVES . |
| 00:42:53 | WILL WE BE REMEMBERED AS THE CONGRESS THAT DID NOTHING AS THE NATION SPED TOWARD A PRESPRENTBLE DEBT CRISIS AND IRREVERSIBLE DECLINE? |
| 00:43:03 | OR WILL IT INSTEAD BE REMEMBERED AS A CONGRESS THAT DID THE HARD WORK OF PREVENTING THAT CRISIS? |
| 00:43:08 | THE ONE THAT CHOSE THIS PATH TO PROSPERITY. |
| 00:43:14 | THIS PATH TO PROSPERITY CHARTS A DIFFERENT COURSE. |
| 00:43:17 | IT GETS US OFF THIS WRONG TRACK. |
| 00:43:20 | IT ACHIEVES FOUR OBJECTIVES. |
| 00:43:22 | NUMBER ONE, GROW THE ECONOMY AND GET PEOPLE BACK TO WORK. |
| 00:43:26 | NUMBER TWO, FULFILL THE MISSION OF HEALTH AND RETIREMENT -- FULFILL THE MISSION OF HEALTH AND RETIREMENT SECURITY. |
| 00:43:36 | WE DON'T WANT TO RATION MEDICARE, WE DON'T WANT TO SEE MEDICARE GO BANKRUPT, WE WANT TO SAVE MEDICARE. |
| 00:43:44 | NUMBER THREE, REPAIR THE SOCIAL SAFETY NET. |
| 00:43:48 | GET IT READY FOR THE 21ST CENTURY. |
| 00:43:53 | WE DON'T WANT A WELFARE SYSTEM THAT ENCOURAGES PEOPLE TO STAY ON WELFARE, WE WANT THEM TO GET BACK ON THEIR FEET AND INTO FLOURISHING, SELF-SUFFICIENT LIVES. |
| 00:44:02 | SO LET'S REFORM WELFARE FOR PEOPLE WHO NEED IT AND LET'S END IT FOR CORPORATE WELFARE FOR PEOPLE WHO DON'T NEED IT. |
| 00:44:08 | NUMBER FOUR, LET'S DO THE WORK OF LIFTING THIS CRUSHING BURDEN OF DEBT FROM OUR CHILDREN. |
| 00:44:19 | THIS IS WHAT WE ACHIEVE. |
| 00:44:20 | WE HAVE A CHOICE OF TWO FUTURES. |
| 00:44:22 | BUT WE HAVE TO MAKE THE RIGHT CHOICE. |
| 00:44:25 | WE MUST NOT LEAVE THIS NATION -- LEAD THIS NATION INTO DECLINE. |
| 00:44:31 | WE MUST NOT BE THE FIRST GENERATION IN THIS COUNTRY TO LEAVE THE NEXT GENERATION WORSE OFF. |
| 00:44:38 | DECLINE IS ANTITHETICAL TO THE AMERICAN IDEA. |
| 00:44:41 | AMERICA IS A NATION CONCEIVED IN LIBERTY, DEDICATED TO EQUALITY AND DEFINED BY LIMITLESS OPPORTUNITY. |
| 00:44:51 | EQUAL OPPORTUNITY, UPWARD MOBILITY, PROSPERITY, THIS IS WHAT AMERICA IS ALL ABOUT. |
| 00:45:03 | IN ALL CHAPTERS OF HUMAN HISTORY, THERE HAS NEVER BEEN ANYTHING QUITE LIKE AMERICA. |
| 00:45:10 | THIS BUDGET KEEPS AMERICA EXCEPTIONAL. |
| 00:45:11 | IT PRESERVES ITS PROMISE FOR THE NEXT GENERATION. |
| 00:45:13 | COLLEAGUES, THIS IS OUR DEFINING MOMENT. |
| 00:45:16 | WE MUST CHOOSE THIS PATH TO PROSPERITY. |
| 00:45:21 | I YIELD. |
| 00:45:27 | THE CHAIR: THE GENTLEMAN'S TIME HAS EXPIRED. |
| 00:45:31 | ALL TIME FOR DEBATE HAS EXPIRED. |
| 00:45:35 | THE QUESTION IS ON THE AMENDMENT IN THE NATURE OF A SUBSTITUTE. |
| 00:45:41 | THOSE IN FAVOR SAY AYE. |
| 00:45:42 | THOSE OPPOSED, NO. |
| 00:45:44 | THE AYES HAVE IT. THE AMENDMENT IS ADOPTED. |
| 00:45:45 | UNDER THE RULE, THE COMMITTEE RISES. |
| 00:46:00 | THE CHAIR: MR. |
| 00:46:01 | SPEAKER, THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION HAS HAD UNDER CONSIDERATION H. |
| 00:46:06 | R. 34 AND UNDER HOUSE RESOLUTION 223, I REPORT THE CONCURRENT RESOLUTION BACK TO THE HOUSE WITH AN AMENDMENT ADOPTED IN THE COMMITTEE OF THE WHOLE. |
| 00:46:13 | THE SPEAKER PRO TEMPORE: UNDER THE RULE, THE PREVIOUS QUESTION IS ORDERED. |
| 00:46:17 | THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION REPORTS THAT THE COMMITTEE HAS HAD UNDER CONSIDERATION HOUSE CONCURRENT RESOLUTION 34 AND PURSUANT TO HOUSE RESOLUTION 223 REPORTS THE CONCURRENT RESOLUTION BACK TO THE HOUSE WITH AN AMENDMENT ADOPTED IN THE COMMITTEE OF THE WHOLE. |
| 00:46:33 | UNDER THE RULE, THE PREVIOUS QUESTION IS ORDERED. |
| 00:46:35 | THE QUESTION IS ON THE AMENDMENT IN THE NATURE OF A SUBSTITUTE. |
| 00:46:38 | THOSE IN FAVOR SAY AYE. |
| 00:46:40 | THOSE OPPOSED, NO. |
| 00:46:45 | THE CHRIST -- THE CHRIST HAVE IT. |
| 00:46:47 | THE QUESTION IS -- THE AYES HAVE IT. |
| 00:46:50 | THE QUESTION IS ON AGREEING TO THE CONCURRENT RESOLUTION. |
| 00:46:58 | MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. |
| 00:47:00 | THIS IS A 15-MINUTE VOTE. |
| 00:47:09 | [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC. |
| 00:47:12 | , IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. |
| 00:47:15 | ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U. |
| 01:06:33 | S. HOUSE OF REPRESENTATIVES. |
| 01:06:34 | ] THE SPEAKER PRO TEMPORE: ON THIS VOTE, THE YEAS ARE 235, THE NAYS ARE 193. |
| 01:06:37 | THE CONCURRENT RESOLUTION IS AGREED TO. |
| 01:07:00 | THE SPEAKER PRO TEMPORE: PURSUANT TO CLAUSE OF RULE 20, THE UNFINISHED BUSINESS IS AGREEING TO THE SPEAKER'S APURSUANT TO THE RULE OF THE JOURNAL WHICH THE CHAIR WILL PUT DE NOVO. |
| 01:07:12 | THE QUESTION SON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL. |
| 01:07:17 | THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. |
| 01:07:19 | IN THE OPINION OF THE CHAIR, THE AYES HAVE IT, THE JOURNAL STANDS APPROVED. |
| 01:07:22 | >> MR. SPEAKER. THE SPEAKER PRO TEMPORE: FOR WHAT PURPOSE DOES THE GENTLEMAN FROM WISCONSIN RISE? |
| 01:07:27 | >> I ASK UNANIMOUS CONSENT TO SPEAK OUT OF ORDER FOR ONE MINUTE. |
| 01:07:30 | THE SPEAKER PRO TEMPORE: THE GENTLEMAN IS RECOGNIZE. |
| 01:07:33 | MR. RYAN: I WANT TO THANK ALL OUR HARDWORKING STAFF IN THE HOUSE OFFICE AND THE BUDGET COMMITTEE WHO PUT IN LONG HOURS, DEDICATED YEARS OF EXPERTISE TO MAKING THIS BUDGET POSSIBLE, TO MAKING THIS BUDGET PASSABLE TO MAKING THIS MOMENT HAPPEN. |
| 01:07:47 | I WANT TO THANK JONATHAN BURKES, MARSHA DOUGLAS, TIM FLYNN, NICOLE FULTZ, JOSE, JIM HURTS, MAT HOFFMAN, CHARLOTTE, PAT, JANE LEE, DICK MCGEE, TED MCCANN, ANDY MORTON, COURTNEY RYANHART, PAUL, AUSTIN SMYTHE, OUR STAFF DIRECTOR, JENNA, CONNOR SWEENEY, DENNIS TEDDY, DANA WADE. |
| 01:08:18 | I CALL HIM JOHN Z. |
| 01:08:25 | THAT'S AN INSIDE JOKE. |
| 01:08:27 | BRAD BUTLER. |
| 01:08:29 | JONATHAN. SPENCER PEPPER. |
| 01:08:30 | ALEX STODDARD. |
| 01:08:31 | I ALSO WANT TO THANK FROM OUR PERSONAL OFFICE SMITH ANDERSON, LAURIE, JOYCE MEIER, MIKE, KEVIN, MARTIN, ANDY, MY CHIEF OF STAFF, ALISON STYLE, OUR INTERNS, BRAD, JANE, DAVID, GREG, AND JOHN. |
| 01:08:57 | I WANT TO THANK ALL THE HARDWORKING STAFF FOR MAKING THIS POSSIBLE. |
| 01:09:03 | I YIELD BACK THE BALANCE OF MY TIME. |
| 01:09:05 | THE SPEAKER PRO TEMPORE: THANK YOU. |
| 01:09:08 | THE GENTLEMAN'S TIME HAS EXPIRED. |
| 01:09:10 | FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MICHIGAN SEEK RECOGNITION? |
| 01:09:14 | >> I ASK UNANIMOUS CONSENT THAT WE BE PERMITTED TO FILE REPORTS ACCOMPANYING 1214, 1215, AND 1216 AT ANY TIME THROUGH APRIL 15, 2011. |
| 01:09:27 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION, SO ORDERED. |
| 01:09:30 | PURSUANT TO SECTION 5580 AND 5581 OF THE REVISED STATUTES, 20 U. |
| 01:09:38 | S.C. 2223 AND THE ORDER OF THE HOUSE OF JANUARY 5, 2011, THE CHAIR ANNOUNCES THE SPEAKER APPOINTMENT OF THE MEMBERS OF THE HOUSE TO THE BOARD OF REGENTS OF THE SMITHSONIAN INSTITUTION. |
| 01:09:54 | THE CLERK: MR. BECERRA OF CALIFORNIA. |
| 01:09:55 | THE SPEAKER PRO TEMPORE: PURSUANT TO SECTION 2303 AND HOUSE ORDER 2202, THE CHAIR ANNOUNCES THE APPOINTMENT OF THE FOLLOWING MEMBERS OF THE HOUSE OF REPRESENTATIVES TO THE HOLOCAUST MEMORIAL COUNCIL. |
| 01:10:14 | THE CLERK: MR. |
| 01:10:17 | WAXMAN OF PENNSYLVANIA, MS. |
| 01:10:22 | GIFFORDS OF ARIZONA. |
| 01:10:23 | THE SPEAKER PRO TEMPORE: NOTE IN THE ORDERS OF THE HOUSE OF JANUARY 5, 011, THE CHAIR ANNOUNCES THE SPEAKER ICE APPOINTMENT OF THE FOLLOWING MEMBERS TO THE DWIGHT D D. |
| 01:10:32 | EISENHOWER MEMORIAL COMMISSION. |
| 01:10:34 | THE CLERK: MR. |
| 01:10:37 | SIMPSON OF IDAHO, MR. |
| 01:10:39 | BOSWELL OF IOWA. |
| 01:10:41 | THE SPEAKER PRO TEMPORE: PURSUANT TO 2 U. |
| 01:10:44 | S.C. 501B AND THE ORDER OR THE HOUSE, THE CHAIR ANNOUNCES THE APPOINTMENT OF THE FOLLOWING TO THE HOUSE COMMISSION ON CONGRESSIONAL MAILING STANDARDS. |
| 01:10:56 | THE CLERK: MR. |
| 01:10:57 | SCHOCK OF ILLINOIS, CHAIRMAN, MR. |
| 01:10:58 | PRICE OF GEORGIA, MR. |
| 01:11:00 | LATTA OF OHIO, MRS. |
| 01:11:03 | DAVIS OF CALIFORNIA, MR. |
| 01:11:04 | SHERMAN OF CALIFORNIA, MR. |
| 01:11:05 | RICHMOND OF LOUISIANA. |
| 01:11:08 | THE SPEAKER PRO TEMPORE: PURSUANT TO SECTION 206 THE MIGRATORY BOARD CONSERVATION ACT, 715A AN THE ORDER OF THE HOUSE OF JANUARY 15, 2011, THE CHAIR ANNOUNCES THE FOLLOWING MEMBERS OF THE HOUSE TO THE MIGRATORY BIRD CONSERVATION COMMISSION. |
| 01:11:28 | THE CLERK: MR. |
| 01:11:29 | WITTMAN OF VIRGINIA AND MR. |
| 01:11:30 | DINGELL OF MICHIGAN. |
| 01:11:32 | THE SPEAKER PRO TEMPORE: PURSUANT TO 22 U. |
| 01:11:34 | S.C. AND THE ORDER OF THE HOUSE OF JANUARY 5 20, 11, THE CHAIR ANNOUNCES THE APPOINTMENT O THE FOLLOWING MEMBERS OF THE HOUSE TO THE MEXICO-UNITED STATES INTERPARLIAMENTARIAN GROUP. |
| 01:11:46 | THE CLERK: MR. |
| 01:11:47 | DREIER OF CALIFORNIA. |
| 01:11:48 | CHAIRMAN. |
| 01:11:49 | MR. |
| 01:11:53 | MCCAUL OF TEXAS. |
| 01:11:54 | THE SPEAKER PRO TEMPORE: PURSUANT TO 46 U. |
| 01:11:58 | S.C. B THE CHAIR ANNOUNCES THE SPEAKER APPOINTMENT OF THE FOLLOWING MEMBERS TO THE BOARD OF VISITORS OF THE UNITED STATES MERCHANT MARINE ACADEMY. |
| 01:12:09 | THE CLERK: MR. |
| 01:12:10 | KING OF NEW YORK AND MRS. |
| 01:12:12 | MCCARTHY OF NEW YORK. |
| 01:12:13 | THE SPEAKER PRO TEMPORE: 3UR SUNT TO 22 U. |
| 01:12:16 | S.C. 276D, CLAUSE 10 OF RULE 1 AND THE ORDER OF THE HOUSE, JANUARY 5, 2011, THE CHAIR ANNOUNCES THE SPEAKER'S APPOINTMENT OF THE FOLLOWING MEMBER OF THE HOUSE TO THE CANADA-UNITED STATES INTERPARLIAMENTARY GROUP. |
| 01:12:32 | THE CLERK: MR. |
| 01:12:33 | MANZULLO OF ILLINOIS, CHAIRMAN. |
| 01:12:35 | THE SPEAKER PRO TEMPORE: PURSUANT TO 14 U. |
| 01:12:39 | S.C. 194 AND THE ORDER OF THEOUS OF JANUARY 5, 2011, THE CHAIR ANNOUNCES THE SPEAKER'S APPOINTMENT OF THE FOLLOWING MEMBERS OF THE HOUSE TO THE BOARD OF VISITORS OF THE UNITED STATES COAST GUARD ACADEMY. |
| 01:12:52 | THE CLERK: MR. COBLE OF NORTH CAROLINA AND MR. |
| 01:12:59 | COURTNEY OF CONNECTICUT. |
| 01:13:00 | THE SPEAKER PRO TEMPORE: THE CHAIR WILL ENTERTAIN REQUESTS FOR ONE-MINUTE SPEECHES. |
| 01:13:04 | FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS RISE? |
| 01:13:08 | >> TO ADDRESS THE HOUSE FOR ONE MINUTE AND REVISE AND EXTEND. |
| 01:13:10 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:13:19 | >> MR. SPEAKER, I RISE TODAY TO COMMEND THE BAYLOR UNIVERSITY WOMEN'S BASKETBALL TEAM ON AN OUTSTAND 20G11 SEASON. |
| 01:13:26 | I DON'T BELIEVE THERE ARE MANY MEMBERS OF THE BO YID BUSH BODY HAVE THE HONOR TO REPRESENT TWO GREAT SCHOOLS WHO WENT TO THE NCAA ELITE EIGHT IN THE WOMEN'S YOU WERE TOMENT. |
| 01:13:37 | THIS IS PART OF THE WIN TRAG DECISION THAT INCLUDES A NATIONAL CHAMPIONSHIP IN 2005. |
| 01:13:42 | COACH KIM MULKEY AND THE LADY BEARS DESERVE RECOGNITION FOR WINNING THE BIG 12 CHAMPIONSHIP. |
| 01:13:51 | ALSO SOPHOMORE POST BRITNEY GRINER WAS NAMED AS FIRST TEAM ALL AMERICAN. |
| 01:13:56 | CONGRATULATIONS TO THE LADY BEARS ON A GREAT SEASON. |
| 01:14:01 | SICK 'EM, BEARS, I YIELD BACK. |
| 01:14:04 | THE SPEAKER PRO TEMPORE: FOR WHAT PURPOSE DOES THE GENTLEMAN FROM WELVE RISE? |
| 01:14:07 | >> TO ADDRESS THE HOUSE FOR ONE MINUTE AND REVISE AND EXTEND MY REMARKS. |
| 01:14:12 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:14:14 | >> MR. SPEAKER, I RISE TODAY TO HONOR JUDGE WILLIAM HARRGROVE III FOR 30 YEARS OF OUTSTANDING SERVICE. |
| 01:14:24 | HEADQUARTERED IN THE COUNTY SEAT OF DOYLESTOWN, THE CONSERVANCY SPECIALIZES IN OPEN SPACE PRESERVATION, PLANNING FOR SUSTAINABLE COMMUNITIES AND NATURAL RESOURCE PROTECTION. |
| 01:14:35 | AS A VOCAL ADVOCATE FOR CRITICAL NATURAL AREAS IN MY TIME AS COUNTY COMMISSIONER, I HAVE A PERSONAL APPRECIATION FOR THE MISSION. |
| 01:14:44 | MR. |
| 01:14:45 | FITS PAT ARE RICK: THE JUDGE HAS BEEN AN IMPORTANT PARTNER IN STOPPING THE URBAN SPRAWL FROM RUINING THE LANDSCAPE OF THE BUCKS -- OF BUCKS COUNTY. |
| 01:14:56 | HE'LL BE MISSED AS THE CONSERVANCY CONTINUES ITS WORK. |
| 01:15:01 | I YIELD BACK. |
| 01:15:02 | THE SPEAKER PRO TEMPORE: THE GENTLEMAN YIELDS BACK. |
| 01:15:04 | FOR WHAT PURPOSE DOES THE GENTLEMAN FROM ILLINOIS RISE? |
| 01:15:07 | >> TO ADDRESS THE HOUSE FOR ONE MINUTE. |
| 01:15:09 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:15:12 | >> MR. SPEAKER, THERE IS AN EPIDEMIC OF HISTORICAL AND POLITICAL IGNORANCE IN OUR COUNTRY AND THAT AN ALARMING 83% OF AMERICANS FAILED THE BASIC TEST ON THE AMERICAN REVOLUTION. |
| 01:15:25 | MR. |
| 01:15:26 | DOLD: IT IS FOR THIS REASON I RISE TODAY TO ACKNOWLEDGE THE EXCITING WORK OF THE AMERICAN FILM COMPANY, FOUNDED IN 2008 BY ENTREPRENEUR JOE RICKETS. |
| 01:15:35 | HE FOUNDED THE COMPANY ON THE BELIEF THAT REAL LIFE IS MORE COMPELLING THAN FICTION. |
| 01:15:39 | AND SO HE SET OUT TO PRODUCE FILMS ABOUT INCREDIBLE TRUE STORIES FROM AMERICA'S PAST. |
| 01:15:45 | CENTRAL TO THE COMPANY'S FILMMAKING ARE PROMINENT HISTORIANS ENSURING THAT EACH PRODUCTION REMAINS AND HISTORICALLY ACCURATE. |
| 01:15:52 | AS A RESIDENT OF THE GREAT STATE OF ILLINOIS I WAS PLEASED THAT THE FILM'S FIRST -- FIRST PRODUCED BY THE AMERICAN FILM COMPANY WAS "THE CONSPIRATOR" WHICH TELLS THE TRUE STORY OF THE LONE WOMAN ACCUSED OF PARTICIPATING IN THE CONSPIRATOR TO ASSASSINATE PRESIDENT LINCOLN. |
| 01:16:16 | I COMMEND THE AMERICAN FILM COMPANY FOR FINDING AN ENTERTAIN DIAGNOSE AN ENTERTAINING WAY TO EDUCATE AMERICANS ABOUT OUR COUNTRY'S IMPORTANT HISTORY. |
| 01:16:24 | I CONGRATULATE MR. |
| 01:16:25 | RICKETS AS WELL. |
| 01:16:26 | I YIELD BACK. |
| 01:16:27 | THE SPEAKER PRO TEMPORE: THE GENTLEMAN YIELDS BACK. |
| 01:16:30 | ARE THERE FURTHER REQUESTS FOR ONE MINUTES? |
| 01:16:32 | FOR WHAT PURPOSE DOES THE GENTLELADY FROM TEXAS RISE? |
| 01:16:34 | MS. JACKSON LEE: TO ADDRESS THE HOUSE FOR ONE MINUTE. |
| 01:16:36 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:16:41 | MS. JACKSON LEE: MR. SPEAKER, OVER THE LAST 48 HOURS THIS HOUSE ENGAGED IN ITS CONSTITUTIONAL RIGHT OF CREATING A PATHWAY OF REVENUE FOR THE UNITED STATES OF AMERICA. |
| 01:16:54 | SADLY, WE ENDED JUST A FEW MINUTES AGO ON A BUDGET THAT CANNOT CLAIM REPUBLICAN BUDGET THAT IT WILL IN ESSENCE REDUCE THE DEFICIT OR CREATE A SURPLUS AT ANY GIVEN YEAR. |
| 01:17:07 | I'M DELIGHTED TO HAVE SUPPORTED THE DEMOCRATIC BUDGET THAT REDUCES THE DEFICIT AND REACHES A PRIMARY BALANCE BY 2018. |
| 01:17:15 | BUT MORE IMPORTANTLY, I THINK I AM VERY DELIGHTED THAT THE AMERICAN PEOPLE WILL SEE A HEART IN THIS BUDGET, THAT WE WILL NOT DESTROY MEDICARE, THAT WE WILL NOT BURDEN OUR SENIORS THE EXTRA $12,000 THAT SENIORS WILL HAVE TO PAY. |
| 01:17:32 | THAT'S RIGHT. |
| 01:17:37 | $12,000. AND THAT YOUNG PEOPLE WILL NOT BE CLOSED OR PREVENTED AT THE DOORS OF COLLEGE TO GO TO SCHOOL AND THAT HEAD START WILL END AND MEDICAID FOR THE DISABLED AND SENIORS WILL END. |
| 01:17:47 | I DO HAVE FAITH IN THIS COUNTRY, AND I BELIEVE WE WILL GET A BUDGET THAT IS BOTH MERCIFUL AND BALANCED, THE RIGHT WAY FOR THE AMERICAN PEOPLE, NOT THE WRONG WAY. |
| 01:17:58 | TODAY, UNFORTUNATELY, WE MADE A WRONG STEP, BUT I BELIEVE TOGETHER WE WILL MAKE IT RIGHT. |
| 01:18:02 | I YIELD BACK. THE SPEAKER PRO TEMPORE: THE GENTLEWOMAN'S TIME HAS EXPIRED. |
| 01:18:05 | ARE THERE FURTHER REQUESTS FOR ONE MINUTES? |
| 01:18:10 | UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 5, 2011, THE GENTLEMAN FROM ILLINOIS, MR. |
| 01:18:15 | JACKSON, IS RECOGNIZED FOR 60 MINUTES AS THE DESIGNEE OF THE MINORITY PARTY. |
| 01:18:54 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:19:05 | MR. JACKSON: THANK YOU, MR. |
| 01:19:06 | SPEAKER. |
| 01:19:07 | RECENTLY I'VE GIVEN SEVERAL SPECIAL ORDER SPEECHES ABOUT MY VIEW OF THE CONSTITUTION MAKING THE ARGUMENT FOR WHY I THINK IT SHOULD BE AMENDED TO INCLUDE CERTAIN BASIC RIGHTS FOR THE AMERICAN PEOPLE THAT THEY CURRENTLY LACK. |
| 01:19:20 | THESE INCLUDE THE RIGHT TO A HIGH-QUALITY EDUCATION, THE RIGHT TO HEALTH CARE AND EQUAL RIGHTS FOR WOMEN. |
| 01:19:27 | EQUAL RIGHTS FOR WOMEN ALONE, MR. |
| 01:19:30 | SPEAKER, WOULD BE RESPONSIBLE FOR PROVIDING AN EXTRAORDINARY AMOUNT OF INCOME FOR 51% OF HOUSEHOLDS HEADED BY WOMEN IF WOMEN IN OUR SOCIETY WERE SIMPLY PAID THE SAME RATE THAT THEIR COUNTERPARTS IN THE WORK FORCE ARE PAID. |
| 01:19:44 | EQUAL RIGHTS. |
| 01:19:46 | EQUAL RIGHTS FOR WOMEN ALONE AS A FUNDAMENTAL RIGHT WOULD STRENGTHEN OUR ECONOMY. |
| 01:19:52 | THIS AFTERNOON MY SPECIAL ORDER TIME WILL BE USED TO DISCUSS THE CONTINUING RESOLUTION FOR FISCAL YEAR 2011, THE REPUBLICAN PROPOSED FISCAL YEAR 2012 BUDGET AND THE BALANCED BUDGET AMENDMENT OR WHAT I'VE TAKEN TO CALL THE IMBALANCED BUDGET AMENDMENT. |
| 01:20:12 | ALL THREE HAVE SOMETHING IN COMMON. |
| 01:20:14 | IN AN IDEAL WORLD, MY COLLEAGUE, PAUL RYAN, WOULD SUPPORT THE IDEA OF A BALANCED BUDGET AMENDMENT TO THE CONSTITUTION, BUT SUCH AN AMENDMENT WOULD HAVE EXTRAORDINARY IMPLICATIONS FOR OUR COUNTRY, EXTRAORDINARY IMPLICATIONS FOR OUR FEDERAL GOVERNMENT, AND IT WOULD BE FUNDAMENTALLY IN THE WRONG DIRECTION. |
| 01:20:31 | AND WHILE THE REPUBLICAN PROPOSED BUDGET OF FISCAL YEAR 2012 DOES NOT HAVE THE STRENGTH OF THE CONSTITUTION OF THE UNITED STATES, IT'S CLEAR TO ME THAT REPUBLICANS AND CONSERVATIVES IN THE REPUBLICAN PARTY AND SOME CONSERVATIVES WITHIN THE DEMOCRATIC PARTY ARE FORCING THE NATION'S POLITICS INTO A CONSIDERATION OF A BALANCED BUDGET AMENDMENT FOR THE CONSTITUTION. |
| 01:20:51 | AND I WANT TO TALK ABOUT THAT IN THE CONTEXT OF THE 2011 DEBATE, THE CONTEXT OF THE 2012 DEBATE AND SUCH AN AMENDMENT. |
| 01:21:02 | BEFORE I BEGIN, I WANT TO SET THE FRAMEWORK FOR MY SPECIAL ORDER. |
| 01:21:09 | PRESIDENT HARRY TRUMAN IN 1946 SAID THAT ALL OF THE POLICIES OF THE FEDERAL GOVERNMENT MUST BE GEARED TO THE OBJECTIVE OF SUSTAINED FULL PRODUCTION AND FULL EMPLOYMENT. |
| 01:21:22 | TODAY, OUR COUNTRY HAS UNEMPLOYMENT THAT IS NEARING 9%. |
| 01:21:28 | UNEMPLOYMENT NEARING 9%. |
| 01:21:32 | NEARLY 13 MILLION TO 14 MILLION AMERICANS ARE PRESENTLY UNEMPLOYED, MANY OF WHOM ARE CHRONICALLY UNEMPLOYED. |
| 01:21:39 | AND YET IN 1946 PRESIDENT HARRY TRUMAN SAID THAT THE OBJECTIVE OF THE FEDERAL GOVERNMENT MUST BE SUSTAINED, FULL PRODUCTION AND FULL EMPLOYMENT. |
| 01:21:52 | TO RAISE CONSUMER PURCHASING POWER AND TO ENCOURAGE BUSINESS INVESTMENT. |
| 01:21:59 | THERE'S NOT BEEN A SINGLE BILL IN THIS CONGRESS SINCE THE 112TH CONGRESS HAS BEGUN TO ADDRESS THE ISSUE OF FULL EMPLOYMENT. |
| 01:22:08 | SECONDLY, I WANT TO REMINE THE AMERICAN PEOPLE, MR. |
| 01:22:14 | SPEAKER, WHAT WILLIAM JENNINGS BRYAN SAID IN 1896. |
| 01:22:22 | I AM IN FAVOR OF AN INCOME TAX WHEN I FIND A MAN WHO IS NOT WILLING TO BEAR HIS SHARE OF THE BURDENS OF THE GOVERNMENT WHICH PROTECTS HIM, FIND A MAN WHO IS UNWORTHY TO ENJOY THE BUSINESS OF A GOVERNMENT LIKE OURS. |
| 01:22:43 | MY COLLEAGUES ACROSS THE AISLE SIMPLIFIED THE IMPACTS OF A MEASURE BY DESCRIBING IT, AND I QUOTE, TIGHTENING THE BELTS. |
| 01:22:59 | THESE CUTS GO TO PEOPLE WHO CAN'T AFFORD IT. |
| 01:23:01 | H.R. 1, AND I QUOTE, TIGHTENING OUR BELTS, SLASHED PROGRAMS LIKE COMMUNITY HEALTH CENTERS SPECIFICALLY TO PROVIDE BASIC HEALTH AND DENTAL SERVICES TO COMMUNITIES WHO MIGHT OTHERWISE CARE FOR THEM. |
| 01:23:15 | H. |
| 01:23:16 | R. 11 TIGHTENED OUR BELT. |
| 01:23:19 | TO THE -- H. |
| 01:23:20 | R. 1 TIGHTENED OUR BELTS, SETTING BACK CANCER TREATMENTS AND CURES FOR OTHER DISEASES, THE IMPACT WHICH WE WILL FEEL FOR YEARS TO COME AS MEDICAL PROFESSIONALS ARE SHUT TO CUT DOWN PROMISING RESEARCH PROJECTS. |
| 01:23:35 | H. |
| 01:23:37 | R. 1 TIGHTENED OUR BELTS BY HACKING AWAY OF TRAINING OF HEALTH PROFESSIONS, REDUCING THIS FUNDING BY MORE THAN 23%, CUTS TO TITLE 7 AND TITLE 8 PROGRAMS THAT HELP TO TRAIN THE PRIMARY HEALTH PROFESSIONALS FOR UNDERSERVED AREAS, WOULD LIMIT THE ACCESS OF LOW-INCOME INDIVIDUALS FOR QUALITY DOCTORS, NURSES AND PHYSICIAN ASSISTANTS IN THEIR AREAS. |
| 01:24:00 | H.R. 1 TIGHTENED OUR BELTS BY SEVERING TITLE 10 FAMILY PLANNING PROGRAMS AND DOING SO WE STEPPED BACK IN TIME PREVENTING LIFE-SAVING CARE BEING OFFERED TO OUR NATION'S WOMEN, SPECIFICALLY WOMEN WHO WOULDN'T OTHERWISE HAVE ACCESS TO THIS KIND OF CARE. |
| 01:24:17 | THE PROGRAMS I'VE LISTED SO FAR PROVIDE HEALTH SERVICES TO OUR NATION AND ESPECIALLY TO OUR MOST UNDERPRIVILEGED POPULATIONS. |
| 01:24:26 | H.R. 1 ALSO TIGHTENED OUR BELINGTS WITH CUTS TO JOB TRAINING PROGRAMS, HEAD START AND AFTER-SCHOOL PROGRAMS, PELL GRANTS, HOPE 6 HOUSING PROGRAMS AND HIGH-SPEED RAIL. |
| 01:24:39 | THESE PROGRAMS WERE SYSTEMATICALLY SENT TO THE GEE TEEN. |
| 01:24:44 | I'D BE HAPPY TO YIELD. |
| 01:24:50 | >> I ASK MY NAME BE REMOVED AS CO-SPONSOR OF H. |
| 01:24:56 | R. 1081. |
| 01:24:57 | THE SPEAKER PRO TEMPORE: WITHOUT OBJECTION. |
| 01:24:59 | THE GENTLEMAN MAY PROCEED. |
| 01:25:00 | MR. JACKSON: THE PEOPLE THEY SERVE ARE NOT MILLIONAIRES TO WHOM WE GENEROUSLY EXTENDED TAX CUTS. |
| 01:25:05 | THEY ARE NOT THE CORPORATIONS WHO EASILY NAVIGATE TAX LOOPHOLES, 1/2 GATES THE HALLS AND WALLS OF THIS CONGRESS EVERY YEAR COSTING OUR NATION BILLIONS IN REVENUE. |
| 01:25:16 | THEY ARE EVERYDAY HARDWORKING, MIDDLE CLASS, PUBLIC SCHOOL EDUCATED, CHECKBOOK BALANCING, MINIMUM WAGE EARNING, MOTHERS, FATHERS AND GRAND PARTIES THAT ELECTED EACH OF US HOPING WE'D FIND A WAY TO DECREASE UNEMPLOYMENT AND BRING AMERICA BACK FROM THE BRINK. |
| 01:25:34 | MR. SPEAKER, THANKFULLY OUR COLLEAGUES ACROSS THE CAPITOL THOUGHT WE WENT A FEW NOTCHES TOO TIGHT IN OUR BELT WITH H. |
| 01:25:43 | R. 1. |
| 01:25:44 | AS THE SENATE REFUSED TO TAKE UP THESE CUTS. |
| 01:25:46 | MUCH OF OUR FUTURE, LONG-TERM BUDGET DECISIONS AND DISCUSSIONS TO REDUCE OUR DEFICIT AND GET AMERICA BACK ON TRAIN AND ON TRACK REMAIN IN LIMBO. |
| 01:25:57 | RECENTLY, THIS DISCUSSION HAD REACHED A FEVER PITCH. |
| 01:26:00 | AFTER MULTIPLE SHORT-TERM EXTENSIONS OF THE FISCAL YEAR 2011 APPROPRIATIONS LEGISLATION, THE NEGOTIATIONS BETWEEN SPEAKER BOEHNER, LEADER REID AND THE PRESIDENT HAD BROKEN DOWN MANY TIMES THROUGHOUT THE WEEK. |
| 01:26:11 | WE WERE FACED WITH THE THREAT OF THE FIRST GOVERNMENT SHUTDOWN SINCE 1996. |
| 01:26:16 | AGENCIES WERE PLANNING WHICH WORKERS TO FURLOUGH, NATIONAL PARKS AND MUSEUMS WERE PREPARED TO SHUT THEIR DOORS FOR THE WEEKEND, AND THE BRAVE MEN AND WOMEN IN OUR ACTIVE DUTY AND ACTIVE DUTY AND SERVICE TO OUR NATION WERE PREPARED TO CONTINUE THEIR WORK WITHOUT PAY. |
| 01:26:33 | THEN, AT THE 11TH HOUR, THERE WAS A BREAKTHROUGH. |
| 01:26:35 | THE 5 1/2-MONTH CONTINUING RESOLUTION AGREED TO BY THE LEADERSHIP OF THE HOUSE AND THE SENATE AND THE PRESIDENT INCLUDED A TOTAL OF $39 BILLION WORTH OF CUTS. |
| 01:26:46 | BUT THESE CUTS THAT WERE AGREED TO LATE INTO FRIDAY HAVE REAL CONSEQUENCES. |
| 01:26:51 | THERE ARE SIGNIFICANT CUTS TO PROGRAMS LIKE W. |
| 01:26:56 | I.C., WOMEN, INFANTS AND CHILDREN, THE SUPPLEMENTAL NUTRITIONAL PROGRAM FOR WOMEN, INFANTS AND CHILDREN, LOW-INCOME ENERGY AND HEATING ASSISTANCE PROGRAMS, LIHEAP. |
| 01:27:07 | INTERNATIONAL DISASTER ASSISTANCE AND HEAD START. |
| 01:27:11 | AFTER THE PRESIDENT AND CONGRESSIONAL LEADERSHIP AGREED TO GIVING $8. |
| 01:27:14 | 5 BILLION IN TAX CUTS TO THE TOP WAGE EARNERS LAST YEAR, WE TURN AROUND AND CUT PROGRAMS THAT WORKING FAMILIES AND SENIORS DEPEND ON. |
| 01:27:22 | IT JUST DOESN'T MAKE SENSE TO ME, MR. |
| 01:27:26 | SPEAKER. AGAIN, WHILE I WAS RELIEVED THAT THE FEDERAL GOVERNMENT DID NOT SHUT DOWN, I'M DEEP WILL HE DISAPPOINTED IN THE PROCESS THAT HAS -- DEEPLY DISAPPOINTED IN THE PROCESS THAT HAS BROUGHT US THIS SO-CALLED COMPROMISE, IF YOU CALL IT. |
| 01:27:41 | LIKE THE TAX CUTS TO HELD OUT FOR THE TAX CUTS OF THE WEALTHY, OUR LEADERSHIP HAS AGAIN DEMONSTRATED THAT THEY'RE WILLING TO HOLD UP PROGRAMS PROVIDED TO THE MOST VULNERABLE AMERICANS, AND THIS CONGRESS IS ONLY JUST THE BEGINNING. |
| 01:27:55 | AS FOR THE FISCAL -- AS FOR NEXT YEAR'S BUDGET, THERE ARE SOME POTENTIAL TO SUCCEED AND OTHERS TO FAIL. |
| 01:28:07 | LIKE PAUL RYAN'S RECENT OFFERING. |
| 01:28:10 | LOOK AT THE FACTS. |
| 01:28:12 | HIS PROPOSAL WILL REDUCE OUR NATION'S DEFICIT BUT LEAVES US ASKING THE QUESTION AT WHAT COST. |
| 01:28:19 | FIRST AND FOREMOST, MR. |
| 01:28:20 | RYAN INTENDS TO PLACE THE BURDEN OF ENDING OUR NATION'S DEBT ON THE CITIZENS LEAST CAPABLE OF CARING FOR THEMSELVES, THE MOST RELIANT ON THE HELP OF OTHERS, OUR SENIORS. |
| 01:28:31 | THE BUDGET COMMITTEE'S PROPOSAL WILL END THE MEDICARE OUR SENIOR CITIZENS HAVE COME TO KNOW AND RELY ON, REPLACING IT WITH WHAT CAN ONLY BE DESCRIBED AS A COUPON, A VOUCHER THAT ACCORDING TO THE NONPARTISAN CONGRESSIONAL BUDGET OFFICE WOULD LEAVE OUR ELDEST AMERICANS SHOULDERING 68% OF THEIR HEALTH CARE COSTS IN THE NEXT 20 YEARS. |
| 01:28:51 | WHO ELSE PAYS THE COST OF BALANCING OUR BUDGET WITHIN THE RYAN PROPOSAL? |
| 01:28:55 | THE BURDEN FALLS NEXT TO WORKING AMERICAN FAMILIES. |
| 01:28:59 | THE RYAN PROPOSAL WILL LOWER TAX RATES FOR INDIVIDUALS WITH THE HIGHEST INCOME AS WELL AS CORPORATIONS. |
| 01:29:05 | RELYING ON RAISING TAXES FOR THE AVERAGE AMERICANS TO PAY FOR IT. |
| 01:29:09 | IF IT SOUNDS FAMILIAR IT'S BECAUSE THE SAME STANDBY, TRICKLED DOWN FAILURE THAT WE PLACED OUR FAITH IN IN THE PAST DECADE. |
| 01:29:18 | DESPITE WHAT MAJORITY LEADER CANTOR SAYS, DURING AN ECONOMIC DOWNTURN, DECREASING THE DEFICIT DOES NOT CREATE JOBS. |
| 01:29:25 | ALSO CUTTING TAXES DOES NOT CREATE JOBS. |
| 01:29:33 | BOTH PRESIDENTS BUSH AND OBAMA CUT TAXES SO MUCH THAT IF MAJORITY LEADER CANTOR'S THEORY WERE CORRECT, WE WOULD HAVE ZERO UNEMPLOYMENT, WHICH WE DO NOT HAVE. |
| 01:29:43 | THIS IS WHAT THE RYAN PLAN AIMS TO DO. |
| 01:29:47 | FOR 10 YEARS, OUR ECONOMY HAS STAGNATED. |
| 01:29:50 | THE DEPAP BETWEEN THE MEDIAN WAGE AND AVERAGE WAGE IS GROWING BECAUSE THE HIGHEST EARNERS ARE THE ONLY ONES RECEIVING WAGE INCREASES. |
| 01:29:57 | UNFORTUNATELY, BALANCING OUR NATION'S BUDGET ON THE BACKS OF THE MIDDLE CLASS DOES NOT END THERE. |
| 01:30:03 | WHERE ELSE WOULD THE BURDEN OF BALANCING THE BUDGET FALL UNDER THE RYAN PLAN? |
| 01:30:07 | EDUCATION. |
| 01:30:08 | CUTS TO K THROUGH 12 EDUCATION ARE JUST THE STARTING POINT IN DISADVANTAGING THE FUTURE OF AMERICA. |
| 01:30:16 | THE PROPOSAL ALSO MAKES SIGNIFICANT CUTS TO PELL GRANTS. |
| 01:30:18 | THESE CUTS WILL PREVENT THE EDUCATED YEN RATION OF YOUNG AMERICANS OUR COUNTRY NEEDS TO COMPETE IN THE GLOBAL ECONOMY. |
| 01:30:25 | THE PROPOSED CUTS TO PELL GRANTS WOULD RETURN THE MAXIMUM REWARD ALLOWABLE TO PRESTIMULUS LEVELS, IMPACTING MILLIONS OF YOUNG AMERICANS DEPENDING ON FINANCIAL ASSISTANCE TO ATTEND COLLEGE. |
| 01:30:40 | THIS WILL STRETCH THE TIME IT WILL TAKE FOR THEM TO EARN THEIR DEGREES AND ENTER THE WORK FORCE. |
| 01:30:43 | FINALLY, RYAN'S BUDGET CONTINUES TO PROVIDE TAX LOOPHOLES TO BIG OIL COMPANIES AND CUTS ALL FEDERAL SUPPORT FOR CLEAN ENERGY, SHORT SIGHTING OUR ECONOMIC INVESTMENT IN THE FUTURE OF ENERGY. |
| 01:30:56 | MR. |
| 01:30:57 | SPEAKER, I AM NOT PROMOTING CONSTANT FEDERAL DEBT. |
| 01:31:01 | I'M NOT ADVOCATING AGAINST HOPING OR TRYING FOR A BALANCED BUDGET. |
| 01:31:05 | BUT WHEN YOU LOOK THROUGH HISTORY AND THE HISTORY OF OUR NATION, WE SEE THAT WHEN AMERICANS WERE IN MOST NEED DURING WAR OR RECESSION, DURING THE GREAT DEPRESSION, WE FOCUSED ON SOLVING THESE PROBLEMS, NOT JUST REDUCING OUR DEBT. |
| 01:31:20 | MR. |
| 01:31:21 | SPEAKER, WE ARE CURRENTLY ENGAGED IN TWO WARS AND FIGHTING OUR WAY OUT OF THE WORST RECESSION OF THE MODERN ERA. |
| 01:31:28 | THE RYAN INTUDGET A NEW ATTEMPT AT AN AGE-OLD PLOY TO MANDATE A BALANCED BUDGET. |
| 01:31:40 | ENDING THE DEFICIT AND RETURNING OUR COUNTRY TO PROSPERITY SHOULD, OF COURSE, BE THE GOAL, BUT WE MUST ALSO ASK THE QUESTION, AT WHAT COST? |
| 01:31:46 | WHERE DO OUR PRIORITIES LIE? |
| 01:31:49 | THE RYAN PROPOSAL, LIKE THE MYRIAD CONSTITUTIONAL AMENDMENTS BEFORE IT, ATTEMPTS TO BALANCE OUR BUDGET ON THE BACKS OF THOSE AMERICANS WHO CAN LEAST BEAR THE BURDEN. |
| 01:31:59 | THIS IS THE HISTORY OF THE BALANCED BUDGET AMENDMENT. |
| 01:32:01 | THE CURRENT BUDGET SITUATION IS MOST POINTIAN WHEN LOOKING AT THE ORIGIN OF THE BALANCED BUDGET AMENDMENT AND ITS HISTORY. |
| 01:32:09 | AFTER LISTENING TO MY COLLEAGUES ACROSS THE AISLE PRESENT THE REPUBLICAN STUDY COMMITTEE'S BUDGET THIS MORNING, I'M APT TO WONDER WHAT IS IT THAT THEY'RE ACTUALLY STUDYING OTHER THERE? |
| 01:32:18 | HOPEFULLY WE'LL BE ABLE TO SET THE RECORD STRAIGHT. |
| 01:32:21 | AS A REACTION TO F. |
| 01:32:22 | D.R.'S NEW DEAL, REPUBLICAN CONGRESSMAN HAROLD KNUDSEN OF MINNESOTA INTRODUCED THE FIRST VERSION OF THE AMENDMENT IN 1936. |
| 01:32:33 | LIKE MANY CONSTITUTIONAL AMENDMENTS THIS RESOLUTION DID NOT RECEIVE A HEARING OR A VOTE. |
| 01:32:38 | DURING PRESIDENT DWIGHT D. |
| 01:32:40 | EISENHOWER'S FIRST TERM, THE JUDICIARY COMMITTEE OF A BARELY DEMOCRATIC SENATE HELD ITS FIRST HEARING ON THIS AMENDMENT AND IT AGAIN DID NOT RECEIVE A VOTE. |
| 01:32:50 | AFTER THESE PARTIAL DEFEAT THE BALANCED BUDGET AMENDMENT SUPPORTERS SHIFTED THEIR FOCUS TO THE STATES. |
| 01:32:55 | FROM 1975 TO 1980, 30 STATE LEGISLATURES PASSED RESOLUTIONS CALLING FOR A CONSTITUTIONAL CONVENTION TO PROPOSE THIS AMENDMENT DIRECTLY TO THE STATES THAT IS, THEY SOUGHT TO BYPASS CONGRESS AND THE CON FREGSAL AMENDMENT PROCESS. |
| 01:33:09 | THE ELECTION OF PRESIDENT REAGAN AND THE REPUBLICAN SENATE IN 1980 RENEWED HOPES FOR A BALANCED BUDGET AMENDMENT AND PASSED BY CONGRESS. |
| 01:33:18 | WHILE THE SENATE DID ADOPT THE AMENDMENT IN 1982, IT FAILED TO GARNER THE NECESSARY 3/5 MAJORITY IN THE HOUSE. |
| 01:33:26 | THIS FAILURE ENERGIZED CONSERVATIVE GROUPS SUCH AS THE NATIONAL TAXPAYERS' UNION AND THE NATIONAL TAX LIMITATION COMMITTEE TO REFOCUS ON STATE ACTION. |
| 01:33:37 | IN 1982 AND 1983, THE ALASKA AND MISSOURI LEGISLATURES PASSED RESOLUTIONS SUPPORTING THE B. |
| 01:33:44 | B.A., BRINGING THE TOTAL NUMBER OF THESE RESOLUTIONS 20 TO THE 32, TWO SHORT OF THE 34 NEEDED FOR A CONVENTION. |
| 01:33:52 | HOWEVER, GROWING CONCERN ABOUT THE SCOPE OF A CONSTITUTIONAL CONVENTION LED SOME STATES TO WITHDRAW THEIR RESOLUTION, RESHIFTING FOCUS TO CONGRESSIONAL ACTION. |
| 01:34:01 | FROM 1990 TO 1994, CONGRESS WOULD MAKE THREE ADDITIONAL ATTEMPTS TO CODIFY THIS AMENDMENT. |
| 01:34:09 | ALL FAILED TO GARNER THE NECESSARY /5 MAJORITY. |
| 01:34:12 | HOWEVER, THE B.B.A. MADE A COMEBACK WHEN IT WAS INCLUDED IN NEWT GINGRICH'S CONTRACT WITH AMERICA. |
| 01:34:19 | 26 DAYS AFTER TAKING OFFICE, THE NEW PLI EMPOWERED REPUBLICAN MAJORITY ADOPTED THE BALANCED BUDGET AMENDMENT GIVING CONSERVATIVES THEIR FIRST CONGRESSIONAL WIN IN A DECADE. |
| 01:34:29 | THIS APPOINTMENT -- DISAPPOINTMENT AWAITED IN THE SENATE WHERE TWO VOTES FELL JUST SHORT OF ADOPTION. |
| 01:34:35 | THIS FAILURE, ALONG THE BNSED -- BALANCED BUDGET AND THE BUDGET SURPLUS AT THE END OF THE DECADE SAPPED ANY CONGRESSIONAL SUPPORT FOR A BALANCED BUDGET AMENDMENT. |
| 01:34:45 | THERE WAS NO RENEWED ENERGY FROM REPUBLICAN SUPPORT FOR THE AMENDMENT IN 2000 AND IT WAS INCLUDED IN THEIR PARTY'S PLATFORM. |
| 01:34:51 | THE BUSH TAX CUTS, WARS IN AFGHANISTAN AND IRAQ AND THE MASSIVE DEFICIT SPENDING CREATED BY THEM EVENTUALLY LED REPUBLICANS TO SWEEP THE IDEA OF A PLANSED BUDGET AMENDMENT BACK UNDER THE RUG. |
| 01:35:06 | BY 2004, THE REPUBLICAN PARTY LEFT ANY MENTION OF A BALANCED BUDGET OUT OF THEIR POLITICAL PLATFORM. |
| 01:35:12 | AGAIN, IN RECENT YEARS, WITH THE ADVENT OF THE TEA PARTY AND THE RETURN OF EXTREME FISCAL CONSERVATISM IN THE REPUBLICAN PARTY, THERE ARE CURRENTLY 12 BALANCED BUDGET AMENDMENTS IN THE HOUSE OF REPRESENTATIVES AND IN THE SENATE. |
| 01:35:28 | THERE ARE THREE. |
| 01:35:30 | I HAD MY STAFF DOUBLE CHECK THAT FOR ME. |
| 01:35:32 | 12 BALANCED BUDGET AMENDMENTS IN THE HOUSE. |
| 01:35:35 | THEY'RE ALL BASICALLY THE SAME. |
| 01:35:37 | SOME HAVE EVEN BEEN OFFERED BY MEMBERS OF MY OWN PARTY. |
| 01:35:41 | I UNDERSTAND THESE MEMBERS' FRUSTRATION. |
| 01:35:44 | MR. |
| 01:35:45 | SPEAKER, I'VE BEEN TRYING TO PASS MY NINE AMENDMENTS TO THE CONSTITUTION FOR 10 YEARS NOW AND MY AMENDMENTS ARE BASED ON F. |
| 01:35:50 | D.R.'S SECOND BILL OF RIGHTS WHICH HE PROPOSED BACK IN 1944. |
| 01:35:57 | TODAY, 67 YEARS LATER, HERE WE ARE. |
| 01:36:01 | MR. SPEAKER, I FUNDAMENTALLY BELIEVE THAT CONSERVATIVES IN CONGRESS ARE PUSHING FOR THIS AMENDMENT, NOT TO FORCE A VOTE IN CONGRESS, BUT TO RALLY STATES TO ACT. |
| 01:36:12 | MR. SPEAKER, WE HAVE A TROUBLING NATIONAL DEBT AND DEFICIT BUT THE BALANCED BUDGET AMENDMENT IS NOT THE SOLUTION. |
| 01:36:19 | THE ARGUMENTS PROPONENTS OF BALANCED BUDGET AMENDMENT MAKE IS AS FOLLOWS. |
| 01:36:23 | LIKE FAMILIES, BUSINESSES, AND STATES, THE FEDERAL GOVERNMENT SHOULD BALANCE ITS BUDGET. |
| 01:36:29 | BUT SINCE IT DOES NOT, WE NEED A CONSTITUTIONAL AMENDMENT TO GUARANTEE THAT IT WILL DO SO. |
| 01:36:34 | NEARLY EVERY STATE IN THIS UNION HAS SOME FORM OF A BALANCED BUDGET REQUIREMENT. |
| 01:36:40 | BUT THOSE STATES ARE NOT OUT OF DEBT. |
| 01:36:42 | THEIR AMENDMENTS HAVE RESTRICTED THEIR STATE'S ABILITY TO CARE FOR THEIR CITIZENS IN TIMES OF AUSTERITY OR EMERGENCY BUT THEIR BUDGETS ARE NOT BALANCED. |
| 01:36:51 | ACCORDING TO A "FORBES" ANALYSIS OF THE GLOBAL DEBT CRIES ANY 2010, EVERY STATE IN THE COUNTRY IS CARRYING SOME FORM OF DEBT. |
| 01:37:01 | THESE DEBTS RANGE FROM AS LITTLE AS $17 PER CAPITA IN NEBRASKA TO $4,490 IN CONNECTICUT. |
| 01:37:12 | HOW CAN THIS BE, MR. |
| 01:37:13 | SPEAKER? IT'S BECAUSE THE INFRASTRUCTURE OF THESE STATES ALLOW THEM TO HIDE DEBT IN CAPITAL FUNDS. |
| 01:37:18 | THE FEDERAL GOVERNMENT CANNOT AND I WOULD ARGUE THE FEDERAL GOVERNMENT SHOULD NOT FOLLOW THIS PATH. |
| 01:37:26 | CONGRESS SHOULD NEVER SEEK TO HIDE THE FISCAL REALITIES FROM THE PUBLIC THAT BEAR THE BURDEN OF THE COSTS. |
| 01:37:31 | NOR SHOULD WE SEEK THE PUBLIC MAGIC BEANS THAT A BALANCED BUDGET AMENDMENT WILL SOMEHOW MAKE THE NATIONAL DEBT AND OTHER PROBLEMS GO AWAY. |
| 01:37:40 | DEBT WILL EXIST, JUST AS NEW PROBLEMS WILL ARISE. |
| 01:37:45 | JUST AS THERE ARE NEW THREATS TO AMERICA, UNFORESEEN THREAT, JUST AS THERE ARE FUTURE ECONOMIC CALAMITIES THAT WE CANNOT SEE, THE FEDERAL GOVERNMENT MUST PLAY SOME ROLE IN ADDRESSING A NATIONAL CRISIS. |
| 01:37:58 | A BALANCED BUDGET AMENDMENT WOULD SIMPLY PROHIBIT THE FEDERAL GOVERNMENT FROM EXERCISING PRECISELY THE AUTHORITY IT NEEDS TO EXERCISE ON MAFF OF THE AMERICAN PEOPLE. |
| 01:38:09 | IN FACE CALL YEAR 2012, APPROXIMATELY 44 STATES WILL FACE REVENUE SHORTFALLS. |
| 01:38:17 | MANY ARE DESPERATELY LOOKING FOR WAYS TO DECLARE THEIR STATES BANKRUPT. |
| 01:38:22 | BANKRUPT. I SAY IT AGAIN, MR. |
| 01:38:24 | SPEAKER. |
| 01:38:25 | BECAUSE THIS PROPOSED AMENDMENT WOULD PLACE THE FEDERAL GOVERNMENT IN A SIMILAR PREDICAMENT. |
| 01:38:31 | THE EFFECT IN MANY STATES IS CALAMITOUS. |
| 01:38:33 | FOR INSTANCE, IN RHODE ISLAND, JUDGES AND COURT WORKERS HAVE CUT PAY AND LEFT 53 POSITIONS UNFILLED. |
| 01:38:41 | THIS IS STILL NOT ENOUGH TO BALANCE THEIR BUDGET. |
| 01:38:44 | AS A DESPERATE LAST RESORT, THE CHIEF JUSTICE HAS BEGUN TOTIES POSE OF CASES ON BACK LOG. |
| 01:38:50 | LITERALLY TOSSING THEM OUT. |
| 01:38:52 | FLORIDA IS IN THE SAME PREDICAMENT. |
| 01:38:56 | MR. SPEAKER, A BALANCED BUDGET AMENDMENT WOULD FORCE THE FEDERAL GOVERNMENT TO DENY AMERICANS THE RIGHT TO SEEK REDRESS AND JUSTICE IN FEDERAL COURTS FOR THE SAKE OF BALANCING THEIR BUDGET. |
| 01:39:06 | IN MY HOME STATE OF ILLINOIS, MENTAL HEALTH SERVICES HAVE BEEN CUT BY $91 MILLION. |
| 01:39:13 | HUMAN SERVICE DIRECTORS ARE FEARFUL THAT THESE CUTS WILL CAUSE A REAL PUBLIC HEALTH AND PUBLIC SAFETY CRISIS. |
| 01:39:18 | IOWA. |
| 01:39:22 | IDAHO. |
| 01:39:23 | ALABAMA, AND OHIO. ARE CONSIDERING DRASTIC CUTS TO EDUCATION. |
| 01:39:26 | MY COLLEAGUES ACROSS THE AISLE ARE SO CONCERNED ABOUT HANDING OUR CHILDREN AND GRANDCHILDREN ANY AMOUNT OF NATIONAL DEBT THAT THEY FAIL TO REALIZE WE ARE SETTING FUTURE GENERATIONS UP FOR FAILURE. |
| 01:39:36 | STATES ARE ALREADY CUTTING TOO MANY SERVICES THAT THE AMERICAN PEOPLE AND THE AMERICAN WORK FORCE NEED TO REMAIN STRONG AND COMPETITIVE. |
| 01:39:46 | SHOULD THE FEDERAL GOVERNMENT DO THE SAME, OUR LEGACY WILL BE AN AMERICA THAT IS UNEDUCATED, ILL EQUIPPED TO COMPETE ON A GLOBAL LEVEL. |
| 01:39:55 | MR. |
| 01:39:56 | SPEAKER, AS COMPLEMPLEFIED BY ITS EFFECTS ON THE STATES -- AS EXEMPLIFIED BY ITS EFFECTS ON THE STATES, THIS SOUNDS GOOD ON ITS FACE BUT FALLS FLAT IN REALITY. |
| 01:40:08 | LIKE AN OPTICAL ILLUSION THAT CHANGES AS YOU DRAW CLOSER, THE BALANCED BUDGET MASQUERADES AS THE SAVIOR OF OUR BUDGET YET IN REALITY IT THREATENS TO PERMANENTLY DESTROY IT. |
| 01:40:20 | ACCORDING TO CITIZEN FOR TAX JUSTICE AND OTHERS A FEDERAL BALANCED BUDGET AMENDMENT WOULD DO FIVE VERY DAMAGING THINGS. |
| 01:40:26 | IT WOULD DAMAGE OUR ECONOMY BY MAKING RECESSIONS DEEPER AND MORE FREQUENT. |
| 01:40:32 | IT WOULD HEIGHTEN THE RISK OF THE FAULT AND JEOPARDIZE THE FULL FAITH AND KRET OF THE UNITED STATES GOVERNMENT. |
| 01:40:36 | IT WOULD LEAD TO REDUCTIONS IN NEEDED INVESTMENTS FOR THE FUTURE. |
| 01:40:40 | IT WOULD FAVOR WEALTHY AMERICANS OVER MIDDLE AND LOW INCOME AMERICANS BY MAKING IT FAR MORE DIFFICULT TO RAISE REVENUES ON PEOPLE WHO CAN AFFORD AND EASIER TO CUT PROGRAMS FOR PEOPLE WHO NEED THEM MOST. |
| 01:40:53 | AND LASTLY, MR. SPEAKER, IT WOULD WEAKEN THE PRINCIPLE OF MAJORITY RULE, THEREFORE PASSING A BALANCED BUDGET AMENDMENT IS NOT PRUDENT. |
| 01:41:00 | IT'S NOT THE RIGHT PATH FOR OUR NATION TO FOLLOW. |
| 01:41:03 | SO LET'S RETURN FOR A FEW MOMENTS TO THE FIVE FAULTS OUTLINED BY THE CENTER ON BUDGET AND POLICY PRIORITIES AND CITIZENS FOR TAX JUSTICE. |
| 01:41:12 | THESE ARGUMENTS WILL BRING TO LIGHT THE DANGERS WITH WHICH A BALANCED BUDGET AMENDMENT WOULD THREATEN OUR NATION. |
| 01:41:19 | THE FIRST FAULT. |
| 01:41:20 | A BALANCED BUDGET AMENDMENT WOULD DAMAGE THE ECONOMY AND MAKE RECESSION DEEPER AND MORE FREQUENT. |
| 01:41:24 | UNDER A BALANCED BUDGET AMENDMENT, CONGRESS WOULD BE FORCED TO ADOPT A RIGID FISCAL POLICY, NOT JUST UNDER THE AMENDMENT, BUT UNDER THE RYAN BUDGET, REQUIRING THE BUDGET TO BE BALANCED OR IN SURPLUS EVERY YEAR REGARDLESS OF THE CURRENT ECONOMIC SITUATION. |
| 01:41:43 | OAR THREAT TO OUR NATION'S SECURITY. |
| 01:41:46 | A SLUGGISH ECONOMY WITH LESS REVENUE AND MORE OUTGOING EXPENDITURES CREATES A DEFICIT, AS WE'VE SEEN FROM RECENT EVENTS. |
| 01:41:54 | A DEFICIT NECESSITATES ECONOMIC STIMULATION TO REVERSE NEGATIVE GROWTH. |
| 01:41:59 | THAT IS WHY THE AMERICAN RECOVERY AND REINVESTMENT ACT INVESTED IN ROADS, BRIDGES, MASS TRANSIT, OTHER INFRASTRUCTURE AND PROVIDED 95% OF WORKING AMERICANS WITH AN IMMEDIATE TAX CUT AND EXTENDED UNEMPLOYMENT INSURANCE AND COBRA FOR AMERICANS HURT BY THE ECONOMIC DOWNTURN THROUGH NO FAULT OF THEIR OWN. |
| 01:42:18 | IF CONGRESS WERE FORCED TO FUNCTION UNDER A BALANCED BUDGET AMENDMENT, DEFICIT REDUCTION WOULD BE MANDATED. |
| 01:42:25 | EVEN MORE SO DURING PERIODS OF SLOW OR STAALED ECONOMIC GROWTH. |
| 01:42:28 | WHICH IS THE OPPOSITE OF WHAT IT NEEDED IN SUCH A SITUATION. |
| 01:42:35 | THIS CONSISTENTLY PROPOSED CONSTITUTIONAL AMENDMENT RISKS MAKING RECESSIONS MORE COMMON AND MORE CATASTROPHIC FOR MIDDLE CLASS FAMILIES, SENIORS, VETERANS, AND THE POOR. |
| 01:42:43 | UNDER SUCH AN AMENDMENT, CONGRESS IS STRIPPED OF ANY POWER TO ADEQUATELY RESPOND. |
| 01:42:51 | THE SECOND FAULT. |
| 01:42:52 | A BALANCED BUDGET AMENDMENT WOULD RISK DEFAULT AND JEOPARDIZE THE FULL FAITH AND CREDIT OF THE U. |
| 01:42:59 | S. GOVERNMENT WHILE SIMULTANEOUSLY CHALLENGING THE SEPARATION OF POWERS. |
| 01:43:03 | A BALANCED BUDGET AMENDMENT WOULD BAR THE GOVERNMENT FROM BARROWING FUNDS UNLESS THERE WAS A 3/5 VOTE IN BOTH HOUSES OF CONGRESS PERMITTED A RAISE IN THE DEBT LIMIT. |
| 01:43:12 | UNDER SUCH A SCENARIO, A BUDGET CRISIS IN WHICH A DEFAULT BECOMES A THREAT IS MORE LIKELY BECAUSE OF THE LIMITS PLACED ON THE FLUIDITY OF THE DEBT CEILING. |
| 01:43:22 | WE'RE ABOUT TO ENTER INTO A NATIONAL CONVERSATION ABOUT WHAT TO DO ABOUT THE DEBT CEILING. |
| 01:43:28 | THAT DEFAULT UNDER SUCH A SCENARIO BECOMES MORE LIKELY TO OCCUR. |
| 01:43:33 | AFTER A DEFAULT OF ONLY A FEW DAYS, THE LONG-TERM IMPACTS WOULD QUICKLY APPEAR. |
| 01:43:38 | CONFIDENCE IN THE ABILITY OF THE U. |
| 01:43:40 | S. TO MEET BINDING FINANCIAL OBLIGATIONS WOULD ERODE ALMOST IMMEDIATELY. |
| 01:43:43 | THE GOVERNMENT PAYS RELATIVELY LOW INTEREST RATES ON ITS LOANS PAUSE IT PAYS ITS DEBTS BACK IN FULL ANDEN IN -- AND ON TIME. |
| 01:43:51 | A DEFAULT WOULD MIMIC AN EARTHQUAKE. |
| 01:43:55 | SHAKING CONFIDENCE IN THE UNITED STATES ON A TPWHROBAL SCALE. |
| 01:43:59 | RESULTING IN EXPLODING INTEREST RATES AND AFTERSHOCKS FELT IN OUR NATIONAL ECONOMY. |
| 01:44:03 | THE INTERNATIONAL ECONOMY WOULD ALSO SUCCUMB TO THE RUMBLES OF THIS POTENTIAL DISASTER AND OUR DEEP CONNECTION TO IT WOULD CAUSE FURTHER CHAOS HERE AT HOME. |
| 01:44:13 | OTHER BALANCED BUDGET PROPONENTS ARGUE THAT SINCE STATES HAVE TO BALANCE THEIR BUDGETS, SO |
webcache.googleusercontent.comLoading...