Video archive of the US Congress

House Proceeding 02-06-07 on Feb 6th, 2007 :: 4:38:34 to 4:41:02
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Mike Ross

4:33:34 to 4:38:34( Edit History Discussion )
Speech By: Mike Ross

Mike Ross

4:38:11 to 4:38:34( Edit History Discussion )

Mike Ross: who earn over $400,000 a year a tax cut and to leave our children and grandchildren with the bill. i yield to the gentleman from georgia. mr. scott: just for a moment. on the issue of china and

David Scott

4:38:34 to 4:38:52( Edit History Discussion )

David Scott: our lending, we're now in debt to china well over $350 billion. now just to show you why this debt in the hands of foreign governments is such a threat to our national security, just this example. china

David Scott

4:38:34 to 4:41:02( Edit History Discussion )
Speech By: David Scott

David Scott

4:38:52 to 4:39:12( Edit History Discussion )

David Scott: is now engaged with iran in building and supposedly building a pipeline, gas pipeline from china to iran. the united states has in its efforts to tighten certain screws, economic and political

David Scott

4:39:12 to 4:39:30( Edit History Discussion )

David Scott: on iran, in addition to the sabers rattling we are doing, has begun to ask china if they would desist from that relationship. and to this point, china has stonewalled. and in large measure,

David Scott

4:39:30 to 4:39:44( Edit History Discussion )

David Scott: it's because we don't have the leverage. if you owe me $360 billion, that weakens my position. the other area in terms of our national security is the situation in iran as we are dealing

David Scott

4:39:44 to 4:39:57( Edit History Discussion )

David Scott: with, because that's in the news now. there are all kinds of questions and issues now of whether or not we're going to attack iran, which is why we've got to hurry up and get our resolution passed to make

David Scott

4:39:57 to 4:40:13( Edit History Discussion )

David Scott: sure that the president understands what article 1, section 8 gives the co gives the congress, section 8 gives the congress, the extreme role, the exclusive role in determining the funding

David Scott

4:40:13 to 4:40:29( Edit History Discussion )

David Scott: and the declaration of war in that regard. but the whole reason why this whole funding operation puts us in a weakening position from our lending and our debt with our foreign countries, is this.

David Scott

4:40:29 to 4:40:45( Edit History Discussion )

David Scott: iran has to depend upon a tremendous amount of lending from other countries to support them. it puts our treasury department, our secretary of the treasury, our secretary of state, and i plan

David Scott

4:40:45 to 4:41:02( Edit History Discussion )

David Scott: to ask tomorrow -- we'll have an opportunity to meet with her -- this specific question. the fact that we need our partners, who we are working with, to stop lending to iran. if we tighten

4:41:02 to 4:41:20( Edit History Discussion )

that financial economic screw, that's how you avoid this unfortunate military clash that might be impending. but the point i wanted to make, as long as we are overly dependent and have this overwhelming

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