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Video archive of the US Congress

House Proceeding 01-26-10 on Jan 27th, 2010 :: 2:58:00 to 3:14:40
Total video length: 3 hours 59 minutes Stream Tools: Stream Overview | Edit Time

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Steve King

2:57:57 to 2:58:17( Edit History Discussion )

Steve King: busy spending to pay attention to the bottom line. if americans must exercise -- the speaker pro tempore: the gentleman's time has expired. mr. goodlatte: then government officials must be required to exercise the entire standard when spending other people's hard-earned income. the speaker pro tempore: the gentleman's time has expired. mr. goodlatte: i urge my colleagues to support the balanced budget amendment to the united states constitution.

Steve King

2:58:00 to 3:14:40( Edit History Discussion )
Speech By: Steve King

Steve King

2:58:18 to 2:58:38( Edit History Discussion )

Steve King: house joint resolution 1, and i yield back the balance of my time. the speaker pro tempore: under the speaker's announced policy of january 6, 2009, the chair recognizes the gentleman from iowa, mr. king, for 60 minutes. mr. king: thank you, madam speaker.

Steve King

2:58:39 to 2:59:01( Edit History Discussion )

Steve King: i appreciate the honor to be recognized, to address you here on the floor of the house. and i appreciate the previous hour of the gentleman from virginia leading it, talking about the responsibility that we all have to provide a balanced budget here in this congress and recognizing that the political forces that are at play here in, let's say in congress and across

Steve King

2:59:02 to 2:59:23( Edit History Discussion )

Steve King: the country, everybody wants their measure and it has been something where federal dollars have been distributed on down through the chain from the federal government to the state to the counties to the cities and other political subdivisions, parishes, other examples of that, individual organizations, appropriations, and it has been very, very difficult for this congress to

Steve King

2:59:24 to 2:59:45( Edit History Discussion )

Steve King: find the discipline to produce a balanced budget. and that's one of the reasons why i believe strongly that we'vgot to amend the constitution so that whave real strict constraints because congress hasn't shown the discipline to balance the budget. and that would not be the case for the individuals that are here on the floor tonight that are pushing so hard for this constitutional amendment.

Steve King

2:59:46 to 3:00:08( Edit History Discussion )

Steve King: every one of us that are co-sponsors of the resolution led by mr. goodlatte would vote for a balanced budget, of course, and we would also -- and have supported a constitutional amendment. i want to transition the discussion just a little bit tonight, madam speaker, from this fiscal responsibility on over to the health care responsibility and firsi'd

Steve King

3:00:09 to 3:00:29( Edit History Discussion )

Steve King: take us back to the president's statements throughout the campaign and into his presidency and after he was inaugurated as president over here on the capitol building and that was january 20 of last year. that first anniversary just rolled around last wednesday, madam speaker. and the president of the united

Steve King

3:00:30 to 3:00:50( Edit History Discussion )

Steve King: states, president obama, said that we are at an economic -- an economic problem, i don't want to overstate the language he used, that we couldn't fix the economy without fixing health care, health care is apparently a contributor to -- too much health care spend something a contributor to the economic problems that we are in. so it didn't make sense to me

Steve King

3:00:51 to 3:01:11( Edit History Discussion )

Steve King: and it didn't connect that when you have what was described as an economic meltdown, a chance, a chance that we might be losing the fiscal structure of currency and trade between the countries and the global financial structure, if we're risking a meltdown of the global financial

Steve King

3:01:12 to 3:01:32( Edit History Discussion )

Steve King: structure, i don't know how we could think the problem is spending too much money on health care, solving that is going to solve the economic potential meltdown. . that was the position of the president.

Steve King

3:01:33 to 3:01:53( Edit History Discussion )

Steve King: even though it didn't make sense, that was the position that president obama took. and here wer the average industrialized country spends 9.5%. our numbers are 14% of g.d.p. some will say 16%. so the president's proposal is,

Steve King

3:01:54 to 3:02:16( Edit History Discussion )

Steve King: we spend too much on health care, but his proposed solution is, spend more on health care, in fact, spevend a lot more on health care -- spend a lot more on health care. so the house wept through a lot of logical contortion nism and

Steve King

3:02:17 to 3:02:37( Edit History Discussion )

Steve King: -- contortionism and sent it over to the senate when they went through a few more activities because the president said he didn't want to sign a bill that cost more than $90 billion. the gimmicks were so stark that

Steve King

3:02:38 to 3:02:58( Edit History Discussion )

Steve King: they would have been laughed out of the economy 101 classroom if they had 10 years of revenue to get down to a number. when you look at the first 10 years, senator gregg said the

Steve King

3:02:59 to 3:03:20( Edit History Discussion )

Steve King: first real 10 years is $2.5 trillion. we have some other numbers out of the house side that shows $2.1 trillion in cost for the first 10 years. when you look at what john shadegg has put together, numbers go up to $6 trilion. so, the president's problem is

Steve King

3:03:21 to 3:03:41( Edit History Discussion )

Steve King: we have an economic problem that he wants to solve by first fixing health care because we spend too much money and we are going to spend more money, trillions of dolars more, to maybe as much as $6 trillion more. illogical as i said.

Steve King

3:03:42 to 3:04:03( Edit History Discussion )

Steve King: you would be laughed out of an econ 101 clasroom to show up coming up with five years of costs and 10 years of revenue. we know that is a flawed premise. flawed result. american people understood that even though the leadership here in the house and the senate

Steve King

3:04:04 to 3:04:25( Edit History Discussion )

Steve King: didn't seem to understand that. second thing, president of the united states consistently said that we need more competition in health insurance, that there aren't -- the insurance companies aren't competing and don't have competion so in order to do that he proposed we create a federal health insurance program, a federal health insurance program that

Steve King

3:04:26 to 3:04:46( Edit History Discussion )

Steve King: the federal government get in the business of competing against the health insurance industry. i wonder if he was briefed of how many health insurance companies we have in the united states. 1,300 health insurance companies in the united states. that would seem to be a lot of competition to me to have 1,300

Steve King

3:04:47 to 3:05:07( Edit History Discussion )

Steve King: health insurance companies to have the ederal government create one more company, the federal government, as big as it is, then we would have 1,301 companies in the united states selling health insurance. how many policy varieties do we have?

Steve King

3:05:08 to 3:05:28( Edit History Discussion )

Steve King: well, madam speaker, that number falls in the area of 10,000 possible policy varieties ou there in the market plates. 1,300 companies and 100,000 policies to choose from if you could buy from across state lines. that would be too much liberty

Steve King

3:05:29 to 3:05:50( Edit History Discussion )

Steve King: for an american to have. so instead, he would want to impose a single payer and said he was for single payer plan which would be a federal health insurance plan to supplant or replace all 1,30 companies and 100,000 companies with the beautiful federal government

Steve King

3:05:51 to 3:06:13( Edit History Discussion )

Steve King: offerings that would be adequate for anybody in america and satisfy all of us if we just weren't enlightened yet seems to be the message we are hearing from the white house. we find out that we had two flawed premises. one was if we spend too much money on health care, spending more doesn't solve that problem.

Steve King

3:06:14 to 3:06:34( Edit History Discussion )

Steve King: the second premise was if health insurance companies need more competition, the way to get it is not put the federal government in the business and try to drive them out of business but open up sales across state lines. that young man who is paying $600 thournings for health insurance in new jersey can buy from ntucky where a similar

Steve King

3:06:35 to 3:06:59( Edit History Discussion )

Steve King: policy would cost him $1,00, not $6,000. if we tok the house version of the health care bil and a young couple in indiana, it turns out, a young han in indiana would see his health insurance premiums go up 300%.

Steve King

3:07:01 to 3:07:24( Edit History Discussion )

Steve King: $84 a moth would be $275 a month because of the mandates and the language that's in the house bill or in the senate bill. and so, the american people watched this and they watched it all across america. we watched the reaction to the rejection of the american people

Steve King

3:07:25 to 3:07:46( Edit History Discussion )

Steve King: of this irresponsible spending that was discussed deeply in the previous hour. the nationalization of these huge entities that was discussed by the democrats in the hour before sounded to me like george bush nationalized these companies and taken over the private sector and here wer president obama is stuck with all of that and theydon't have

Steve King

3:07:47 to 3:08:09( Edit History Discussion )

Steve King: any choice except to do a lot more except what they said george bush did was wrong. i'm not here to make a statement into the record that george bush got it all right, madam speaker. he got a lot of it right. a few things he didn't get qute as right. but what we have seen in the

Steve King

3:08:10 to 3:08:31( Edit History Discussion )

Steve King: last 16 months and at least 12 of them have been under the obama presidency, we have seen the nationalization of a huge formerly private sector entities, entities that are making a profit and competing in the private sector, three large banks, fredie mac, fannie mae,

Steve King

3:08:32 to 3:08:55( Edit History Discussion )

Steve King: a.i.g., general motors and chrysler and tarp and $787 billion worth ofeconomic stimulus plan that loks like maybe only about a third of that has been spent at this point. but they still want another $150

Steve King

3:08:56 to 3:09:17( Edit History Discussion )

Steve King: billion or more in stimulus two. this is key nesian economics on steroids. i doubt he will make the statement from this well tomorrow night. i have heard him say that franklin roosevelt's new deal did work but the problem he did have was in the second half is

Steve King

3:09:18 to 3:09:38( Edit History Discussion )

Steve King: he failed to spend enough money. if he would have spent a lot more money, the new deal would have been a good deal but f.d.r. got nervous about spending too much money but he pulled back and what he had was a recession within a depression that was brought about by the federal government not spending enough

Steve King

3:09:39 to 3:09:59( Edit History Discussion )

Steve King: money. well, this wild program, these keynesian theory is on steroids driven by fralm. and every nickel and dime, every nationalization, every single move that was taken in the last

Steve King

3:10:00 to 3:10:20( Edit History Discussion )

Steve King: months of the presidential campaign and in the last months of the bush presidency were all things that were approved and were aproved by and suported by president obama. he voted for tarp. he spoke for tarp. he sat at the table in the white house and spoke in favor of tarp.

Steve King

3:10:21 to 3:10:41( Edit History Discussion )

Steve King: that $700 billion that you can hardly say that is not president obama's responsibility what he spoke for when he negotiated for it, voted for it and took it over. and by the way that tarp was only -- i say only, mdam speaker. the original tarp w $350 billion, half of what paulson

Steve King

3:10:42 to 3:11:02( Edit History Discussion )

Steve King: asked for. the other had to be approved by the president elected later by a congress to be elected later, that's this congress, th pelosi congress, the reid senate and the obama presidency, all of this except 350 billion sm

Steve King

3:11:03 to 3:11:24( Edit History Discussion )

Steve King: spending. it brings us to this point where the american people have seen that they thought theelected peop that were responsible, that understood high finance and the whole big picture that a government has to do so wel, that is this constitutional republic, this representative form of government, madam speaker. when we saw the tarp plan come

Steve King

3:11:25 to 3:11:46( Edit History Discussion )

Steve King: through and the nationalization of a couple large banks and then a.i.g. and we watched some of those insider deals work out pretty good for those people on the independence, as we marched down this line, freddie mac and freddie mac. american people were getting nervous of the government takeover of private business.

Steve King

3:11:47 to 3:12:07( Edit History Discussion )

Steve King: when they got to the takeover of the car company, that for sure wasn't george bush. that was all presidt obama. and when that happened, the american people's light bulb came on because they know cars. when the car czar turned out to be a 31-year-old fellow that never sold or made a car.

Steve King

3:12:08 to 3:12:29( Edit History Discussion )

Steve King: we don't know if he actually fixed one or what he drove, but he was note qualified to be the car czar and that was the universal opinion. but the american people saw with that example that they didn't know what they were doing inside the white house echo chamber and

Steve King

3:12:30 to 3:12:50( Edit History Discussion )

Steve King: got ever closer to the civil type of a revolt that took place and we saw it happen in virginia and then we saw it hapen again in new jersey and then in massachusetts, a little over a week ago when scott brown was elected to the united states senate, the most improbable place. and when the exit poling was

Steve King

3:12:51 to 3:13:12( Edit History Discussion )

Steve King: tabulated and they asked people why did you vote for scott brown, over 70% said, i did so because i want to kill the bill. i want to kil the socialized medicine bill. and madam speaker, that bil may be dead. and it i know it's a monster and

Steve King

3:13:13 to 3:13:34( Edit History Discussion )

Steve King: might be a cold-bloded monster and on a cold day, you can't tell if a cold-blooded monster is alive or dead. i want to make sure the bil stays dead and the american people are glad that it is dead and don't want to see it come up again by the white house, by the speaker of the house, by the majority leader of the united

Steve King

3:13:35 to 3:13:56( Edit History Discussion )

Steve King: states senate or anybody else. they believe that a shout of joy went up all over america when massachusetts elected scott brown because people are going to be allowed to keep their liberty. and we are going to make sure they cankeep their liberty and my colague from texas is

Steve King

3:13:57 to 3:14:17( Edit History Discussion )

Steve King: certainly in the midle of this put a declaration of health care independence. we want to put a marker down that we adhere to and kep our word on because people in govenment, i mean at least in congress who do give their word and keep their word as calf ler has been dealt with here in the

Steve King

3:14:18 to 3:14:39( Edit History Discussion )

Steve King: last few months coming out of the white house, those that will sign on this declaration of health care independence. we will keep our word. i say that here and i haven't backed up on mine. i think i get long good in east texas.

Steve King

3:14:40 to 3:14:40( Edit History Discussion )

Steve King: quite interesting the people

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