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House Proceeding 01-26-10 on Jan 27th, 2010 :: 1:58:10 to 2:09:25
Total video length: 3 hours 59 minutes Stream Tools: Stream Overview | Edit Time

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Bob Goodlatte

1:58:06 to 1:58:28( Edit History Discussion )

Bob Goodlatte: mr. speaker, thomas jefferson once wrote, to preserve the independence of the people, we must not let our rulers load us with perpetual debt. we must make our election between economy and liberty or profusion and servitude. unfortunately, it increasingly appears congress has chosen the

Bob Goodlatte

1:58:10 to 2:09:25( Edit History Discussion )
Speech By: Bob Goodlatte

Bob Goodlatte

1:58:29 to 1:58:50( Edit History Discussion )

Bob Goodlatte: latter path of profusive spending and the servitude to big government that results therefrom. for the next 60 minutes, i and my colleagues are going to talk about the problems our country faces from a very different perspective than you have heard during the last 60 minutes. i want to start by pointing out the nature of this problem in

Bob Goodlatte

1:58:51 to 1:59:12( Edit History Discussion )

Bob Goodlatte: terms of government spending. this chart shows the deficit each year starting in 2000 and in 2000-2001, first a democratic president and a republican president, we had a balanced budget we had a

Bob Goodlatte

1:59:13 to 1:59:34( Edit History Discussion )

Bob Goodlatte: surpluses, in fact the two years before that we generated a total of $500 billion in surpluses paid down against the national debt. then came the recession and september 11, 2001, and spending increases, many have, i think, fairly criticized the previous president and congress for spending too much money

Bob Goodlatte

1:59:35 to 1:59:56( Edit History Discussion )

Bob Goodlatte: during this period of time when deficits rose as high as $400 billion. in fact, this deficit in 2004 was the highest deficit in american history until we got to the very end of the republican majority when it went to $450 billion.

Bob Goodlatte

1:59:57 to 2:00:18( Edit History Discussion )

Bob Goodlatte: staggering sums of money. too much money spent. but look what happened when the democrat took the majority in the congress in 2007. it skyrocketed. .

Bob Goodlatte

2:00:19 to 2:00:40( Edit History Discussion )

Bob Goodlatte: last year, $1.4 trilion. this year projected to be close to $1.5 trillion. to give you an idea of how much money, this year's budget is pjected to spe about $3.6 trillion, with revenues coming in of $2.2 trilion. we're going to spend 50% more

Bob Goodlatte

2:00:41 to 2:01:03( Edit History Discussion )

Bob Goodlatte: than we take in in revenues. what are we going to do? we are going to borrow every penny of that money against our children and grandchildren's future. now, if this were going to resolve the problem and some have argued on the other side of the aisle that the so-called stimulus which contributed to almost all of this deficit in

Bob Goodlatte

2:01:04 to 2:01:24( Edit History Discussion )

Bob Goodlatte: this congress, if they are going to argue that that was going to solvthe problem and we would get back to balanced budgets and wouldn't be borrowing against our children and grandchildren's future, woy listen to the argument. i still wouldn't agree with them. but their own budget belies

Bob Goodlatte

2:01:25 to 2:01:45( Edit History Discussion )

Bob Goodlatte: against what they are doing in this so-called stimulus package. because this is the projected budget until 2019, for the next nine years. it never goes below $70 billion and is around $800 bilion ending at close to $90 billion in 2019.

Bob Goodlatte

2:01:46 to 2:02:06( Edit History Discussion )

Bob Goodlatte: never does it godown. never does it even approach these numbers, which i and my colleagues who will speak with you tonight, will al agree are excessive, but nothing compared to what is being done right now since the democratic party became the majority party in in congress and speaker pelosi has

Bob Goodlatte

2:02:07 to 2:02:27( Edit History Discussion )

Bob Goodlatte: pushed these budget deficits that are absolutely staggering. what does it mean? it means that in 1990, the total national debt, the accumulation of those deficits was $2.86 trillion. in 2007, when the democratic majority took over, it was $8.45

Bob Goodlatte

2:02:28 to 2:02:50( Edit History Discussion )

Bob Goodlatte: trillion. and just two more years, rising by the end of the term of our curent president, six years into the democrats' control of the congress to $16.36 trillion, nearly doubling and continuing

Bob Goodlatte

2:02:51 to 2:03:11( Edit History Discussion )

Bob Goodlatte: toward that upward arc even more dramatically after that. this is the public debt outlook. this is the projection that says what the outlook was first in january of 209 and then after the stimulus had taken effect,

Bob Goodlatte

2:03:12 to 2:03:33( Edit History Discussion )

Bob Goodlatte: after they begun spending $1 trillion that was alegedly going to stimulate the economy and create jobs, they came back and revisited it in august. while they were projecting this gradual but still increase, it skyrocketed. why? because they have done nothing to control spending.

Bob Goodlatte

2:03:34 to 2:03:55( Edit History Discussion )

Bob Goodlatte: they have done exactly the opposite. so now the president is going to come to the congress tomorow night. and as the president of the united states, we are all anxious to hear what he has to say about what we should be doing to address the problems of our country. and we are told by those who are in the know that the president

Bob Goodlatte

2:03:56 to 2:04:18( Edit History Discussion )

Bob Goodlatte: will call for a spending freze for three years. but what is he doing with the spending freeze, but locking in those higher spending increases that have been passed through the appropriations bills this year with up to 16% increases over the previous years, locking

Bob Goodlatte

2:04:19 to 2:04:39( Edit History Discussion )

Bob Goodlatte: in those levels of spending, knowing what has to take place is to cut government spending. what has been the effect of the president's efforts? well, this is a chart showing job losses since the stimulus took effect in march of last year.

Bob Goodlatte

2:04:40 to 2:05:00( Edit History Discussion )

Bob Goodlatte: 2.74 million more jobs have bn lost in this country over the ensuing 10 months, notwithstanding the claim that this would create jobs and would halt the unemployment rate at 8%. instead, it is now over 10% and we have lost 2.74 million more jobs. well, what is the solution to

Bob Goodlatte

2:05:01 to 2:05:22( Edit History Discussion )

Bob Goodlatte: this? a big part of it is something that 49 out of our 0-state governments have got to do and the congress should be required to do as well and that is to balance the budget each year except in times of war or national emergency. in the last 40 years, those four

Bob Goodlatte

2:05:23 to 2:05:45( Edit History Discussion )

Bob Goodlatte: years in the late 1990's and early 2,00 are the years which the government balanced its budget and you can see how the deficit is ading to that national debt. it should be the reverse. in the last 40 years, there have been economic cries sees like

Bob Goodlatte

2:05:46 to 2:06:07( Edit History Discussion )

Bob Goodlatte: the one we are in now and there have been times of war when we might not balance thanking budget. but instead of four times out of 40 balancing it, it should be four times out of 40 not balancing the budget and we need a balanced budget amendment in the united states constitution. 49 out of 50 states have it.

Bob Goodlatte

2:06:08 to 2:06:28( Edit History Discussion )

Bob Goodlatte: this congress came close to passing it in the contract with america. it passed the house of representatives with a strong bipartisan majority and was sent over to the united states senate and failed in the senate by one vote to get the 2/3 majority. requires a 2/3 majority in the

Bob Goodlatte

2:06:29 to 2:06:49( Edit History Discussion )

Bob Goodlatte: house and 2/3 in the senate and three quarers of our state legislatures to ratify it. had that vote been provided to give us 2/3, it would be sent to the states. the president doesn't have any say to an amendment to the constitution. it would have been sent directly to the states and i believe

Bob Goodlatte

2:06:50 to 2:07:12( Edit History Discussion )

Bob Goodlatte: three-quarters of those states would have ratified that balanced budget amendment and we would be in a much diferent situation today if we had done that. the american people have never abandoned this idea even thoug the democratic congress long ago abandoned this idea. and that's union fortunate. but the american people, poll

Bob Goodlatte

2:07:13 to 2:07:34( Edit History Discussion )

Bob Goodlatte: after poll, shows that 75% or 80% or more believe that the federal government should be required to balance its budget each and every year except in times of war or economic emergency. and that would require a super majority vote of the congress to declare that they would not balance the budget in a particular year.

Bob Goodlatte

2:07:35 to 2:07:57( Edit History Discussion )

Bob Goodlatte: how popular is this? well, here's what our curent majority leader had to say about a balanced budget when we had that debate in 1995. the issue of balancing the budget is not a conservative or liberal one, nor is it an easy one, but it is an essential one for us in this house for the american people and most

Bob Goodlatte

2:07:58 to 2:08:19( Edit History Discussion )

Bob Goodlatte: assuredly for future generation, representative steny hoyer, a member f the minority in 195 voted for a balanced budget amendment. but we have not heard about that from this majority in this congress at all. and we are here tonight to urge the congress to bring up the balanced budget amendment that i

Bob Goodlatte

2:08:20 to 2:08:40( Edit History Discussion )

Bob Goodlatte: introduced on the first day of this congress, house joint resolution number one, a balanced budget amendment to the united states constitution and we will keep pushing for that until we have leadership in this congress that wil bring this bill to the floor for a vote so we can send it to the senate again and challenge them to

Bob Goodlatte

2:08:41 to 2:09:02( Edit History Discussion )

Bob Goodlatte: provide those 2/3 votes needed and send it to the states for ratification. it is never too late for the congress to do the responsible thing. but we have dug a much, much deeper hole as a result of the irresponsible budgets that have been passed by this democratic majority in each of the last three congresses and projected,

Bob Goodlatte

2:09:03 to 2:09:26( Edit History Discussion )

Bob Goodlatte: as i pointed out, projected for the next decade huge deficits as far as the eye can se, far greater than anything we have seen in the history of our country. i am joined by several ofy colleagues. and i want to recognize the

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