| 00:00:25 |
Unidentified Speaker, -
MOMENTS. >>> KEN CONRAD IS IN THE ROOM WAITING FOR JOHN SPRATT CHAIRMAN OF THE HOUSE BUDGET COMMITTEE TO ARRIVE. THIS AFTERNOON LAWMAKERS SET TO WORK...
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| 00:05:06 |
Unidentified Speaker, -
FEDERAL SPENDING IN THE NEXT FISCAL YEAR. THE PRESIDENT TODAY ADDRESSED THE RECENT OUTBREAK OF SWINE FLU IN MEXICO SAYING THE GOVERNMENT IS KEEPING...
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| 00:08:03 |
Conrad, Kent - U.S. Senator, [D] North Dakota
THE CONIFEREES HERE. WE APPRECIATE VERY MUCH YOUR PARTICIPATION. I'LL MAKE A BRIEF STATEMENT AND TURN TO CHAIRMAN SPRATT AND COME BACK TO RANKING MEMBER...
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| 00:08:15 |
Spratt, John M Jr. - U.S. Representative, [D] South Carolina
MEMBER RYAN, IF THAT'S
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| 00:08:17 |
Conrad, Kent - U.S. Senator, [D] North Dakota
OKAY, AND THE OTHER MEMBERS OF THE CONFERENCE AS WELL. I WANT TO MAKE CLEAR THAT WHILE IT'S BEEN REPORTED IN THE PRESS THAT THERE IS A FRAMEWORK AGREEMENT...
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| 00:09:02 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
ACCURATE. I FIRST WOULD LIKE TO PUT IN
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| 00:09:05 |
Conrad, Kent - U.S. Senator, [D] North Dakota
CONTEXT WHAT PRESIDENT OBAMA INHERITED, BECAUSE I THINK THAT'S IMPORTANT TO UNDERSTANDING THE CIRCUMSTANCE WE FACE WITH THE BUDGET. FIRST OF ALL, PRESIDENT...
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| 00:17:22 |
Spratt, John M Jr. - U.S. Representative, [D] South Carolina
TRILLION DISSIPATE, DISAPPEAR, AND EVOLVE INTO MASSIVE DEFICITS. IN THE MEANTIME, OR ECONOMY IS OVERTAKEN BY THE WORST SETBACKS SINCE THE 1930s. BY...
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| 00:22:23 |
Conrad, Kent - U.S. Senator, [D] North Dakota
CHILDREN AND WHAT
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| 00:22:27 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
HE'S BEQUEATHING TO THE NEXT GENERATION ARE MASSIVE DEFICITS AND UNSUSTAINABLE DEBT. THE CLAIM THAT THE DEFICIT IS CUT IN HALF IS A MANIPULATION OF...
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| 00:31:11 |
Conrad, Kent - U.S. Senator, [D] North Dakota
NONPARTISAN SCORING OF OUR PROPOSAL THAT IT REDUCES THE DEFICIT BY TWO-THIRDS IN DOLLAR TERMS OVER ITS SPAN OF FIVE YEARS. THAT AS A SHARE OF GDP IT...
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| 00:34:06 |
Unidentified Speaker, -
MOODY'S. THE SIMPLE
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| 00:34:07 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
FACT IS THE NUMBERS DON'T WORK. YOU DROP EMT NUMBERS IN THE SECOND, YEAR TWO AND FIVE, FOUR AND FIVE SO YOU CAN GET TO YOUR NUMBER. YOU DROP THE DOCTOR'S...
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| 00:35:31 |
Conrad, Kent - U.S. Senator, [D] North Dakota
THIS HAS EVER OCCURRED BEFORE, AND
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| 00:35:33 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
IT DOES. TO ARGUE THAT IT DOESN'T, TO SAY IF YOU REWRITE HEALTH
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| 00:35:37 |
Unidentified Speaker, -
CARE WHICH WILL AFFECT EVERERY ERICIC IN EVERY WAY AND BRING ITT TO O E FLFLOO O OTHE SENENATE ANDAY NO AMENDMENTS, 20 HRS OFFDEBABATE, UPUP OR DNN VOTE...
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| 00:36:25 |
Conrad, Kent - U.S. Senator, [D] North Dakota
POINTS AND PICK UP WHERE THIS CONVERSATION LEFT OFF. FIRST OF ALL, TO THE ISSUE BROUGHT UP A MINUTE AGO, BRINGING THE DEFICIT DOWN TO 3% OF GDP....
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| 00:36:40 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
PAYMENTS. THAT WILL HAPPEN IF WE DECIDE TO
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| 00:36:43 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
PUT 30 MILLION MORE ON THE ALTERNATIVE MINIMUM MUM TAX. DOES ANYONE BELIEF IT WILL HAN? NO. OBVIOUSLY THIS IS A FUNDING GIMMICK WITH CLIPS. SO IT'S REALLY...
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| 00:44:14 |
Conrad, Kent - U.S. Senator, [D] North Dakota
GUYS WERE IN CHARGE. TALK ABOUT RECONCILIATION. I REMEMBER 2001 VERY WELL. RECONCILIATION WAS DESIGNED FOR DEFICIT REDUCTION. YOU USED RECONCILIATION...
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| 00:44:54 |
Unidentified Speaker, -
PEOPLE AND THE DOCTOR FIX WON'T BE DEALT WITH. THAT'S NOT WHAT THIS BUDGET PROVIDES. THIS BUDGET SAYS WE WILL ADJUST THE MINIMUM TAX FOR THE NEXT THREE...
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| 00:47:43 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
ARGUMENT MYSELF. I DON'T THINK RECONCILIATION SHOULD BE USED FOR THIS PURPOSE. I REALLY DON'T. >> I'LL SAY IN DEFENSE OF HOW WE'VE USED IT IN THE...
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| 00:48:03 |
Conrad, Kent - U.S. Senator, [D] North Dakota
UPSIDE-DOWN. I'LL LEAVE IT AT THAT. >>
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| 00:48:09 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
CONGRESSWOMAN DELAURA. >> I WANT TO COMMEND MR. SPRATT AND MR. CONRAD, OTHERS IN THE ROOM, FOR LEADING THE EFFORT. AS CHAIRMAN YOU ARE NOW CLOSE TO...
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| 00:48:32 |
Conrad, Kent - U.S. Senator, [D] North Dakota
THE VOTERS SPOKE OUT
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| 00:48:34 |
DeLauro, Rosa - U.S. Representative, [D] Connecticut
OVERWHELMINGLY VOTING FOR A CHANGE AND A REORIENTATION OF OUR PRIORITIES SO THAT, IN FACT, WHAT WE BEGIN TO DO IS STRENGTHEN THE MIDDLE CLASS OF THIS...
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| 00:57:13 |
Conrad, Kent - U.S. Senator, [D] North Dakota
RELATIONSHIP. FOR THE FIRST TIME IN SEVEN TO EIGHT YEARS, WE ACTUALLY
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| 00:57:16 |
Boyd, Allen - U.S. Representative, [D] Florida
SAW AN HONEST DOCUMENT. IN THE PREVIOUS SEVEN YEARS, PREVIOUS ADMINISTRATION, WE HAD BEEN SENT BUDGET PROPOSALS BY THE PRESIDENT THAT CAME. AND THEY...
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| 01:02:37 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
THE WILL ON OUR OWN TO
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| 01:02:39 |
Boyd, Allen - U.S. Representative, [D] Florida
DO IT BECAUSE THE AMERICAN PEOPLE HAVE BEEN TAUGHT FOR THE LAST EIGHT YEARS THEY COULD HAVE ANYTHING THEY WANT. THEY DIDN'T HAVE
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| 01:02:45 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
TO PAY
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| 01:02:46 |
Boyd, Allen - U.S. Representative, [D] Florida
FOR IT. THAT'S WRONG. MR. CHAIRMAN, I WANT YOU TO KNOW THAT THIS IS ONE MEMBER WHO'S GOING TO FIGHT HARD TO HAVE THOSE FISCAL DISCIPLINED ENFORCEMENT...
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| 01:03:38 |
Conrad, Kent - U.S. Senator, [D] North Dakota
THERE ABOUT THE GATHERING OF FISCAL THUNDERSTORMS THAT ARE GOING TO BE IMPACTING
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| 01:03:42 |
Hensarling, Jeb - Executive Director
THE NEXT GENERATION. I HEARD THE GENTLE LADY FROM CONNECTICUT SPEAK VERY PASSIONATELY ABOUT CHILDREN. I KNOW SHE'S VERY PASSION ABOUT THESE ISSUES....
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| 01:16:04 |
Conrad, Kent - U.S. Senator, [D] North Dakota
WHITE HOUSE. YOU DOUBLED THE DEBT. YOU TRIPLED FOREIGN HOLDINGS OF U.S. DEBT. THAT'S YOUR RECORD. THAT'S YOUR RECORD. AND THE STUNNING THING ABOUT...
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| 01:18:37 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
BILL CAN
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| 01:18:39 |
Conrad, Kent - U.S. Senator, [D] North Dakota
SURVIVE THIS PROCESS. THERE ARE THREE BUT TECHNICALLY
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| 01:18:42 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
ONE WHEN YOU'RE DEALING WITH EDUCATION AND HEALTH CARE. I'M NOT ARGUING THE EDUCATION POINT. I THINK YOU CAN SLIP THAT ARGUMENT INTO THE HISTORICAL CONTEXT....
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| 01:19:26 |
Conrad, Kent - U.S. Senator, [D] North Dakota
15th. >> THEY WOULD BOTH BE COMBINED IN ONE BILL? >> A RECONCILIATION BILL THAT WOULD HAVE THE NATIONALIZATION OF THE HEALTH CARE SYSTEM AND THE NATIONALIZATION...
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| 01:19:47 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
NO, LET ME -- >> MY OWN BELIEF IS, AS I'VE
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| 01:19:52 |
Unidentified Speaker, -
STATED, I DON'T BELIEVE. AND AFTER INTENSIVE DISCUSSIONS BEHIND THE SCENES ON THIS ISSUE, I DON'T BELIEVE RECONCILIATION WILL BE USED FOR HEALTH
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| 01:20:00 |
Conrad, Kent - U.S. Senator, [D] North Dakota
CARE. I BELIEVE AS PEOPLE GET INTO IT, THEY WILL FIND WHAT YOU AND I, I THINK,
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| 01:20:08 |
Unidentified Speaker, -
HAVE CONCLUDED. IT DOESN'T WORK WELL
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| 01:20:11 |
Unidentified Speaker, -
FOR SOMETHING LIKE THIS. SO I DON'T -- I DON'T BELIEVE IT WILL BE USED FOR HEALTH CARE. >> BUT IT WILL BE AVAILABLE FOR BOTH? >> YES. >> HOW ABOUT FOR...
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| 01:20:37 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
USED MORE BROADLY THAN CAP AND TRADE. WON'T BE USED FOR CLIMATE
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| 01:20:40 |
Conrad, Kent - U.S. Senator, [D] North Dakota
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| 01:20:42 |
Unidentified Speaker, -
CHANGE. THAT IS A CLEAR UNDERSTANDING. >> THANK YOU. >> CHAIRMAN, CAN I ASK A PROCESS QUESTION? >> CERTAINLY YOU MAY. >> IS IT YOUR INTENTION TO CALL...
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| 01:21:06 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
DIRERELY, DOUBT THERE W WLL BE A AN ADDITNANAL
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| 01:21:09 |
Hensarling, Jeb - Executive Director
ETING.G. BUBU
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| 01:21:10 |
Conrad, Kent - U.S. Senator, [D] North Dakota
LET ME BEE VERY CLEAR. IT IS POSOSSIBLE
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| 01:21:12 |
Hensarling, Jeb - Executive Director
THERE CLDLD BE. BECAUSE AS I HAVE INDICATED, W WE DON'T HAVE FINAL AGREENENT. W WILL BE
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| 01:21:19 |
Gregg, Judd Alan - U.S. Senator, [R] New Hampshire
A NUMBER OF NUMBERS THAT
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| 01:21:22 |
Ryan, Paul - U.S. Representative, [R] Wisconsin
WE
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| 01:21:25 |
Conrad, Kent - U.S. Senator, [D] North Dakota
MAY ONLY RESOLVE IN A CONFERENCE IN WHICH WE HAVE OFFERS AND COUNTER OFFERS. COULD IT BE PRECLUDED? I HOPE IT IS. WE MAY HAVE TO RECONVENE. I WOULD...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.