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Video archive of the US Congress

House Proceeding 01-15-09 on Jan 15th, 2009 :: 0:47:50 to 0:52:25
Total video length: 1 hours 49 minutes Stream Tools: Stream Overview | Edit Time

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Frank R. Wolf

0:47:46 to 0:48:07( Edit History Discussion )

Frank R. Wolf: get a really good lawyer who can find your mortgage up there on wall street, because you know what? they won't be able to fight it and they won't be able to prove you should be evicted. i yield back. the speaker pro tempore: the gentlelady yields back. for what purpose does the gentleman from virginia rise? mr. wolf: permission to address

Frank R. Wolf

0:47:50 to 0:52:25( Edit History Discussion )
Speech By: Frank R. Wolf

Frank R. Wolf

0:48:08 to 0:48:28( Edit History Discussion )

Frank R. Wolf: the house and revise and extend. the speaker pro tempore: without objection. mr. wolf: madam speaker, our financial situation is at a critical mess. everywhere you look, more bad news, no end in sight. massive budget shortfalls and president-elect obama has said, if we do nothing, we will to see red ink as far as we can see.

Frank R. Wolf

0:48:29 to 0:48:49( Edit History Discussion )

Frank R. Wolf: and last week, the congressional budget office projected the federal budget deficit will balloon to .2 trillion this fiscal year and that does not include the economic stimulus package prop administration. the staggering numbers are deeplyroubling today and pose a re choice for our children and grandchildren.

Frank R. Wolf

0:48:50 to 0:49:10( Edit History Discussion )

Frank R. Wolf: simply put our nation is slowly going broke. without change or initiatives by congress, we will follow what comptroller david walker characterized as a financial tsunami strong enough to swamp the ship of state. it will sweeour children off their feet leaving far less

Frank R. Wolf

0:49:11 to 0:49:31( Edit History Discussion )

Frank R. Wolf: opportunity for our future generations. out of control just an economic issue but a moral issue also. is it right for our generation to know that future generations will inherit a broken system in the form of debt, social security, unsustainable

Frank R. Wolf

0:49:32 to 0:49:53( Edit History Discussion )

Frank R. Wolf: and commitments that cannot be kept? entitlement spending has a tight grip on the federal budget that every day, the other day zreagsary programs, domestic and international are in jeopardy. that's what we're facing today. everyone, whether you are republican or democrat should be alarmed.

Frank R. Wolf

0:49:54 to 0:50:14( Edit History Discussion )

Frank R. Wolf: as parents and grandparents, we should care that it is without adequate resources our children won't receive the first class education they need to compete in the glo already tests show 1/3 of u.s. students lack the competency to perform the basic math computations. people should care that

Frank R. Wolf

0:50:15 to 0:50:38( Edit History Discussion )

Frank R. Wolf: scientists at the national institutes of health who are so close to finding cures to devastating diseases might not have the funding they need for clinical trials that will change the way we live. cancer, alshimer' -- alzheimer's will not change.

Frank R. Wolf

0:50:39 to 0:51:01( Edit History Discussion )

Frank R. Wolf: think about the roads, the highways and bridges. our children and grandchildren may wake up in a dismal scene. these only scratch the surface about how concerned we should be. the ramifications of out of control spending rea beyond our shores. i have always believed that much

Frank R. Wolf

0:51:02 to 0:51:22( Edit History Discussion )

Frank R. Wolf: is given, much is required and fighting global hunger, poverty and disease. u.s. government funding for hiv-aids, t.b. and malaria was nearly 0 billion over the last five years. the last re-authorization commits 0 billion. while it's good, it places the

Frank R. Wolf

0:51:23 to 0:51:44( Edit History Discussion )

Frank R. Wolf: u.s. in fulfilling a moral obligation to keep these vulnerable populations alive. yet, where will the money come if america's foreign assistance dollars continue to shrink because the mandatory spending is taking a growing piece of the pie. it is better not to vow and make a fulfill it.

Frank R. Wolf

0:51:45 to 0:52:06( Edit History Discussion )

Frank R. Wolf: i fear that the vow will not be able to fulfill cause deficit spenng that we have no way to deal with. the economic stimulus being shaped by the administration offers an opportunity and jim cooper and i have a bipartisan bill, eight republicans and eight democrats, puts all spending on the table and forces and forces congress to act.

Frank R. Wolf

0:52:07 to 0:52:26( Edit History Discussion )

Frank R. Wolf: many members of congress go home and i love to give the speeches at the rotary clubs talking about how bad the deficit is, butck to washington, they do nothing about it. next week, madam speaker, i will offer an amendment in the appropriations bill to put the

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