House Proceeding 04-01-09 on Apr 1st, 2009 :: 3:50:35 to 3:52:55
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3:50:31 to 3:50:51( Edit History Discussion )

Yvette Clarke: back the balance of his time. the gentleman from wisconsin. mr. ryan: at this time i'd like to yield two minutes to the gentleman from new jersey, a senior member of the budget coittee, mr. garrett. the recognized for two minutes. mr. garrett: tonight the democrats are continuing their lengthy rhetorical tradition of saying one thing on the floor of this house but saying a far different thing in the budget they present.

3:50:35 to 3:52:55( Edit History Discussion )
Speech By: Yvette Clarke

3:50:52 to 3:51:13( Edit History Discussion )

Yvette Clarke: you know, we know the greatest long-term threat to our nation's economic security is a looming explosion of spending in our nation's largest entitlementless. we know this, everyone in the house knows this. but in case anyone has forgotten, let me share facts. back in 1959 is when i was born and at that time the employer-employee share of the payroll tax used to support social security was 4.5%. when i was about ready to go to school in 1965 and lyndon

3:51:14 to 3:51:34( Edit History Discussion )

Yvette Clarke: johnson was the president, they added medicare as an entitlement and taxes went up to 8.8%. today the combined payroll tax is 15.3%, far higher than program's creators ever managed but what is worse is despite the fact of every dollar americana earned in america is used to fund those programs, that alone

3:51:35 to 3:51:57( Edit History Discussion )

Yvette Clarke: is not nearly enough money to keep them afloat. when a child is born in this country, as soon as that child takes its first breath, they owe for those programs $184,000. the day they're born. for those keeping track, this is more than 3 1/2 times the median household income.

3:51:58 to 3:52:19( Edit History Discussion )

Yvette Clarke: . this generation would have to pay twice the taxes to maintain the status quo. in short, as my friends on the other side of the aisle claim to be protectors of those most in need and those likely to need net programs provide, their choice in this budget as their past two budgets do nothing but

3:52:20 to 3:52:40( Edit History Discussion )

Yvette Clarke: to hit the gas on the demise of our nation's critical safety nets while at the same time con signing the next generation of america to the insurmountable burden of debt. every year we don't fix this problem, we add $2 trillion to $3 trillion. the majority claims that their

3:52:41 to 3:52:56( Edit History Discussion )

Yvette Clarke: budgets are a moral document. i ask you, what kind of moral do we subscribe to if we prescribe our children to a life of services of debts. we know there is a better way.