Video archive of the US Congress

House Proceeding 01-26-10 on Jan 27th, 2010 :: 2:50:30 to 2:53:05
Total video length: 3 hours 59 minutes Stream Tools: Stream Overview | Edit Time

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Bob Goodlatte

2:50:27 to 2:50:47( Edit History Discussion )

Bob Goodlatte: all spending starts in the house of representatives. i yield back. mr. goodlatte: i thank the gentleman. the gentleman raise as very interesting point about how we grow this economy and what this does to it. because he correctly pois out that we're going to grow this economy in the private sector. people who go out and take the risk of creating a new business or expanding the business they

Bob Goodlatte

2:50:30 to 2:53:05( Edit History Discussion )
Speech By: Bob Goodlatte

Bob Goodlatte

2:50:48 to 2:51:08( Edit History Discussion )

Bob Goodlatte: have and creating new jobs as a result of that, by offering a product or a service that people want and are willing to pay for and can afford to pay for. but if the government is out there borrowing $1.3 trillion, $1.5 trillion, $900 billion and $800 billion-plus every year

Bob Goodlatte

2:51:09 to 2:51:29( Edit History Discussion )

Bob Goodlatte: there after as far as the eye can see, what's that going to do to the amount of capital that's available in the private sector? especially if interest rates go up and the government is absorbing so much of the credit that may be available around the country and other countries and their growing economies are also competing for those same limited resources, we're going to find

Bob Goodlatte

2:51:30 to 2:51:51( Edit History Discussion )

Bob Goodlatte: it very, very hard for free enterprise to survive if our government keeps spending more than it takes in and keeps growing in the enormous size, it's projected that if you continue this rate of spending we're going to have government spending 28% of our grows domestic product. the federal government, -- gross domestic product.

Bob Goodlatte

2:51:52 to 2:52:14( Edit History Discussion )

Bob Goodlatte: the federal government, not even counting local and state governments. it's rated 15% and 20% which is high in my mind and many others as well but it's nothing compared to having that shoot up to 28%. that's a huge additional amount of spending, more than $1 trillion each and every year, and as you can see from this chart, almost all of it borrowed, borrowed against the future, not only of our children

Bob Goodlatte

2:52:15 to 2:52:35( Edit History Discussion )

Bob Goodlatte: and grandchildren, but of the jobs that people hold today and the jobs of 15 million americans who are out there looking for work hope to get if some employers will take the chance and can get the credit to allow them to start or expand their jobs -- their business. we have been joined by another member -- i want to point out, the gentleman from iowa, mr. king, and the gentleman from

Bob Goodlatte

2:52:36 to 2:52:57( Edit History Discussion )

Bob Goodlatte: texas, mr. gohmert, are members of the house judiciary committee as am i. this is the committee that has jurisdiction over all nstitutional amendments and it is the place where we are pushing the hardest to try to get the democratic chairman of the committee to examine this legislation just as it was not that many yearsago, when it passed the house of representativ on more than one

Bob Goodlatte

2:52:58 to 2:53:05( Edit History Discussion )

Bob Goodlatte: occasion and on one occasion came within one vote of passing the united states senate. think of what a different country we'd ve today if we'd been living under balanced

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