Metavid

Video archive of the US Congress

House Proceeding 04-15-10 on Apr 16th, 2010 :: 1:52:15 to 2:41:50
Total video length: 2 hours 51 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:1,264 Duration: 0:49:35 Discussion

Previous speech: Next speech:

Steve King

1:52:05 to 1:52:25( Edit History Discussion )

Steve King: balance of his 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, mr. speaker. it's a privilege and honor to have the opportunity to address you here on the floor of the house of representatives and

Steve King

1:52:15 to 2:41:50( Edit History Discussion )
Speech By: Steve King

Steve King

1:52:26 to 1:52:46( Edit History Discussion )

Steve King: having listened to my colleague, dr. burgess, speak in the previous segment, in the previous hour, i'll pick up on some things that are on m mind. and see if we can clarify the direction that this nation has taken and the direction this nation needs to go. this is tax day.

Steve King

1:52:47 to 1:53:07( Edit History Discussion )

Steve King: april 15. this is the day there are a lot of bleary eyes from people who stayed up way into the night trying to do their own taxes. some people who have borrowed money to pay the tax preparer so they can file their taxes on time and we have people who have paid the tax preparer to file an extension because they

Steve King

1:53:08 to 1:53:28( Edit History Discussion )

Steve King: couldn't get the paperwork in on tim we have a huge amount of american dollars that are invested in paying tax preparers and doing tax preparation. i think about economy we have and ask the question, what about the sectors of the economy, is there anything

Steve King

1:53:29 to 1:53:49( Edit History Discussion )

Steve King: attributed to the economy -- contributed to the economy by paying accountants and i.r.s. agents to collect money? i'll argue that the white house gets it wrong, the president's economic advisors get it wrong, they seem to believe that this economy is a giant chain letter. and if they can just go into the u.s. treasury or borrow

Steve King

1:53:50 to 1:54:11( Edit History Discussion )

Steve King: from china or borrow from the saudis and dump a few hundred billion or a few dollar into the economy and give a lot of it away and get people to spend the money or do it on contracts and the shovel-ready projects, which has the least amount of demerit

Steve King

1:54:12 to 1:54:36( Edit History Discussion )

Steve King: to it, some merit to it. they seem to think this stimulates the economy and then we grow. but the flaw in that premise is this, that, this economy isn't built on spending. it's not built on something that's viewed by the white house as a giant chain letter where you just dump in hundreds of billions of dollars and somehow we go out and spend

Steve King

1:54:37 to 1:54:57( Edit History Discussion )

Steve King: money and the economy spins, that's keynesian economy approach. that's the approach keynes rebutted himself back in the 19309s when he said he could solve all the unemployment in the world, remember who canse was. he was an economist who was a contemporary of franklin delano roosevelt. he was credited with being the

Steve King

1:54:58 to 1:55:18( Edit History Discussion )

Steve King: produce -- with producing the concept that if would have a shrinking economy, you can stimulate it by borrowing money and then the federal government can dump that money into the economy and have it flow through the economy and stimulate it. now john maynard keynes made the remark in the early or mid

Steve King

1:55:19 to 1:55:40( Edit History Discussion )

Steve King: 1930's that he could solve all the unemployment in the world, this is how good the approach is,s the author of his own program, he would solve the unemployment this way. if he could just go to an abandoned coal mine and drill holes out there in the coal mine, then take american

Steve King

1:55:41 to 1:56:01( Edit History Discussion )

Steve King: currency, cash money, greenbacks and bury them in these holes in this abandoned coal mine and keynes went on to say, he'd fill that whole coal mine up with garbage. now we would have an abandoned coal mine with holes punched in it with drill rigs all over the

Steve King

1:56:02 to 1:56:22( Edit History Discussion )

Steve King: place, presumably in a grid pattern or random pattern, hundreds of -- holes full of cash, garbage piled on top of it. and he said he could solve the unemployment by turn thinking world's entrepreneurs loose to dig up the bar gadge and take the cash. that's similar to what you're talking about with the

Steve King

1:56:23 to 1:56:43( Edit History Discussion )

Steve King: keynesian economics. you try to get people to work, to do things that are make-work. the president himself said, we're not going to pay people to dig a hole and fill it back up. i thought that was an interesting metaphor a way to compare that, since i spent my life digging holes and filling it back up.

Steve King

1:56:44 to 1:57:05( Edit History Discussion )

Steve King: i can tell you it pays if you're doing it for some purpose that has value. our economy needs to be built on the foundation of increaing productivity. americans have to make things. we have to produce things. we have to expand services so that our economy grows. if you think of it in terms of what it would be like if they were still back in the tribal village and if we didn't have

Steve King

1:57:06 to 1:57:26( Edit History Discussion )

Steve King: any money to work with and we had to trade, how do we grow wealth? some of us would make bows and arrows, some of us would make the arrow heads and some of the people would skin the hides and make the clothes and pretty soon we'd find out some are good at one thing, others at another thing and we'd start to trade the products back and forth.

Steve King

1:57:27 to 1:57:48( Edit History Discussion )

Steve King: we have clothing and we have weapons and we have utensils and we have gardeners and hunters and people that specialize and after a while this wealth builds because we acquire material goods that increase, first they provide the necessities of life, which the simplistic term is food, clothing, and shelter, then we add our material goods, all of

Steve King

1:57:49 to 1:58:09( Edit History Discussion )

Steve King: this out of the wealth that comes from producing something with wealth and value. and trading it or selling it and taking the money and buying something from someone else or something -- for something that has value to us. that's how the economy works. it's got to be based on productivity. americans have to build things. we have to make things. here we are on tax day, with these millions of american that

Steve King

1:58:10 to 1:58:32( Edit History Discussion )

Steve King: was filled out their forms and spent their money to do so so that they can do their bist to comply and a lot of americans don't want to walk close to the edge of complying wh the i.r.s., they don't want to face an audit. they perhaps pay a little more

Steve King

1:58:33 to 1:58:53( Edit History Discussion )

Steve King: than taxes than they owe. 58% of americans would rather have a root canal than a tax audit. i didn't ask him if that was without anesthetic. a lot of american people today are very concerned about a

Steve King

1:58:54 to 1:59:15( Edit History Discussion )

Steve King: potential tax audit. they have to file, drop it in at the last minute, we have post offices that will close at midnight, procrastination will take place, it's not something

Steve King

1:59:16 to 1:59:36( Edit History Discussion )

Steve King: we enjoy doing this day, this day that the 16th amendment enabled all those years ago, was a day that brought tens of thousands of american into this city and they have been demonstrating and rallying and giving speeches and singing "god bless america," these are true patriotic americans that

Steve King

1:59:37 to 1:59:59( Edit History Discussion )

Steve King: are in this city today, there are 700 locations around america, we're going to try to get aeal count on how many americans brought up and brought the new standard of constitutional conservative the new standard is an american

Steve King

2:00:00 to 2:00:24( Edit History Discussion )

Steve King: flag and a yellow don't tread on me flag to fly. that don't tread on me carries a message that adds t old glory. i'm happy to tell you, mr. speaker, that i have one flying outside my office at 1131 longworth.

Steve King

2:00:25 to 2:00:46( Edit History Discussion )

Steve King: anyone who walks by there will see it. it flies with deference to old glory and supports and defends the principles in the constitution and the principles of america. watching the activities and behaviors at the white house over the last year or so, that

Steve King

2:00:47 to 2:01:08( Edit History Discussion )

Steve King: they would agree with one of the questions on the naturalizationlash cards put out of the -- put out by the imglation service, these are the people who naturalize new immigrants. these postcards a stack about this thick, nice glossy things about like that, i regret i didn't bring one over there.

Steve King

2:01:09 to 2:01:31( Edit History Discussion )

Steve King: there are 120 or so questions. it will start out on the one side of the flash card, you can read it, it will say, who's the father of our country and you snap it over the other way. we know this, mr. speaker george washington. one will say who emancipated the slaves.

Steve King

2:01:32 to 2:01:54( Edit History Discussion )

Steve King: flip it over, abraham lincoln. here's one that may stump the white use. what's the economic system of the united states of america. flip the flash card over, free enterprise capitalism. huh. haven't seen a rot of that going on out of the white house in quite some time. in fact, when i look at what had been happening out of the white house, it starts with this. at the tail end of the bush administration, with the full

Steve King

2:01:55 to 2:02:15( Edit History Discussion )

Steve King: support and endorsement of then-candidate and united states senator barack obama, and later president, we saw secretary of the rshry henry paulsen come to this capitol, september 19, 2008, and he came into our closed door session and he said, you need to give me $700 billion and need to give it to me now, and if you

Steve King

2:02:16 to 2:02:38( Edit History Discussion )

Steve King: ask any questions or if you try to amend my request in any way, you'll mess up the works. but what's bound to happen, what could be happening is we could see a meltdown of the global currency and the collapse in collateral an confidence and see the entire world money supply fall apart if they lose confidence system of he said give me $700 billion, give it to me now.

Steve King

2:02:39 to 2:03:00( Edit History Discussion )

Steve King: if you have any ideas, they will not be as good as his own ideas. he said that he'd been watching this now for, i believe he said 13 months, and we had only been watching it for 24 hours, some had, therefore his ideas were a lot better than hours and his should not be questioned and to come to this congress and ask

Steve King

2:03:01 to 2:03:22( Edit History Discussion )

Steve King: for $700 billion of the taxpayers' money, without an assurance that his plan if he carried it out and got the money, would work. that was the tarp proposal. $70 billion. congress eventually authorized and appropriated $350 billion in one chunk and early october, i believe it was, of 2008, and

Steve King

2:03:23 to 2:03:44( Edit History Discussion )

Steve King: then another $350 billion to be re-authorized by the next congress, people to be elected later, abriveed people to be elected later, approved by a president to be elected later d a secretary of the treasury to be confirmed after his tax problems later that started this. $700 billion in tarp. we saw in rapid fire succession

Steve King

2:03:45 to 2:04:05( Edit History Discussion )

Steve King: behind that came the nationalization of three large investment banks, government takeover of three large investment banks. then we saw, while this was going on, government takeover of the insurance company, mr. speaker. a.i.g. to the tune of about $180 billion dumped in because, remember, these entities are entities that are too big to be

Steve King

2:04:06 to 2:04:26( Edit History Discussion )

Steve King: allowed to fail. now, that's a new coept for america. we never had that concept before. of all of our history books and the current documents, i know of no place where we'd come to a conclusion that the businesses were too big to be allowed to fail and so therefore we were going to prop them up with taxpayer dollars.

Steve King

2:04:27 to 2:04:47( Edit History Discussion )

Steve King: that's what happened. $700 billion in tarp. three large investment banks nationalized, taken over by the federal government, a.i.g. taken over by the federal government. fannie mae d freddie mac taken over by the federal government. and locked into that full nationalization by executive order of the president, right

Steve King

2:04:48 to 2:05:09( Edit History Discussion )

Steve King: before christmas last year. and that saddled the american taxpayers with a $5.5 trillion contingent liability in addition to the capital that had to go in to prop up fannie and freddie. never mind the people that got rich out of that, including the chief of staff at the white house.

Steve King

2:05:10 to 2:05:30( Edit History Discussion )

Steve King: we don't know what happened. the chairs of the committees here control the investigations of the congress. but we saw. we saw $700 billion in tarp. a.i.g. nationalized, fannie mae and freddie mac nationalized. they elected some folks that

Steve King

2:05:31 to 2:05:51( Edit History Discussion )

Steve King: understand high finance better than they do. this is a constitutional republic and we are to elect people to this congress that hold the american people our best judgment -- that owe the american people our best judgment and best effort. they trusted we had more access to information and would use our good judgment. but when the federal government

Steve King

2:05:52 to 2:06:13( Edit History Discussion )

Steve King: got into the nationalization of general motors and chrysler, all almost simultaneously, the american people began to use their -- lose their faith in the judgment of the white house and their congress and their government.

Steve King

2:06:14 to 2:06:35( Edit History Discussion )

Steve King: people in investment banking and high finance and insurance, or the fannie mae component of this, the american people understand cars. we love our cars. we especially love our american-made cars. we love them, we drive them, we fix them we show them, we collect them and we make them. and we know that if you want to make anutomobile and sell a

Steve King

2:06:36 to 2:06:56( Edit History Discussion )

Steve King: lot of them, it takes a lot of dealers to sell them. anybody's intuition can tell them if you go out in your garage, up in the attic and you invent the master widget and you patent that master widget and decide you're going to sell it across the country, what you do easily is first lock down your patent, set up

Steve King

2:06:57 to 2:07:18( Edit History Discussion )

Steve King: manufacturing so you can meet the demand and then go out an set up dealers. . you have to promote your dealers. but when the federal government came in with a bankruptcy settlement that cut e number

Steve King

2:07:19 to 2:07:42( Edit History Discussion )

Steve King: of dealers by 3,400 dealers in americathe american people know that the auto makers didn't have a financial burden with the auto dealers. they owned their franchise, supported themselves and supported the services and for the white house to decree that there was going to be 3,400 dealers that got shut down in

Steve King

2:07:43 to 2:08:03( Edit History Discussion )

Steve King: america, not only was that an unjust taking of the property rights of their france chase, but it also brings about sales of ls automobiles. you can't se more cars with fewer dealers, even though they'll say we had bigger and better dealers that were healthier. that's not the point.

Steve King

2:08:04 to 2:08:25( Edit History Discussion )

Steve King: a lot of car dealers are face-to-face, neighborhood, niche marketing, that goes on, a lot of that got shut down and the american people saw that and they lost their faith in the judgment of the white house, this congress and the federal government and began to pay attention.

Steve King

2:08:26 to 2:08:46( Edit History Discussion )

Steve King: and we saw a bankruptcy term that was dictated by the white house. and when that was presented to the bankruptcy courts there wasn't a change made by that court. they accepted the terms that were dictated by the white house. we had a car czar at the white house at 31 years old that never sold a car, fixed a car

Steve King

2:08:47 to 2:09:09( Edit History Discussion )

Steve King: and if he owned one, i don't know if it was an american car. all of this brings a high degree of nervousness. and then they see the president of the united states go down there and do his gland hand with hugo chavez of venezuela. when i saw them standing by

Steve King

2:09:10 to 2:09:33( Edit History Discussion )

Steve King: side, the old buddy handshake, looked at that and they asked me on a "washington journal" program, what that made me think, i thought a lot of the things that other people thought, but i also thought that chavez is a nationalizer of the businesses he has taken over in venezuela and the rice

Steve King

2:09:34 to 2:09:55( Edit History Discussion )

Steve King: plant not too long ago, he is a piker when it comes to our ppt. three national banks, a.i.g. nationalized, freddie mac and fannie mae, formerly private, nationalized. general motors nationlized. chrysler nationalized. the c.e.o. of general motors,

Steve King

2:09:56 to 2:10:16( Edit History Discussion )

Steve King: fired and replaced by the president of the united states. the president of the united states appoints all but two of the board members of general motors and the shareholders, secured creditors, saw their assets in those companies wiped out, even though they were secured assets, they wiped them

Steve King

2:10:17 to 2:10:40( Edit History Discussion )

Steve King: out and handed over ownership 17.5% of general motors over to the unions and the speaker of the house made the statement that she would not give bargaining leverage to the auto makers over the unions and that's the way it shook out.

Steve King

2:10:41 to 2:11:01( Edit History Discussion )

Steve King: the unions got bargaining units. and the united states have an ownership share at least in general motors to a significant amount, 17.5% is my recollection. and then on top of that, if you are the federal government and running a car company like general motors or chrysler, you

Steve King

2:11:02 to 2:11:23( Edit History Discussion )

Steve King: are also running the regulatory organization. so i'm not suggesting that i know anything that the american people don't know about what might have brought about the intense scrutiny of toyota that cost them at least zhrrs 16 million fine for their throttle and untold amount of publicity on their throttle and a number

Steve King

2:11:24 to 2:11:45( Edit History Discussion )

Steve King: of other things. i have the american people come to me and ask me if that intense scrutiny of the regulators on toyota couldn't have something to do with the need of the federal government to see general motors and chrysler succeed perhaps more. i don't have any evidence that would suggest that, but the

Steve King

2:11:46 to 2:12:07( Edit History Discussion )

Steve King: appearance of impropriety exists, mr. speaker. and the american people dot want to see 1/3 of their private sector activity nationalized and taken over by the federal government. but that's what's happened. 1/3 of the private sector activity swallowed up in those eight entities that i talked about.

Steve King

2:12:08 to 2:12:28( Edit History Discussion )

Steve King: by the way, tail end, $787 billion in this thing called the economic stimulus plan, of which 6% of americans think actually worked. 94% believe that it didn't help and didn't do any good. now this is a pretty sick scenario. $787 billion in economic

Steve King

2:12:29 to 2:12:51( Edit History Discussion )

Steve King: stimulus plan. eight huge national enties nationalized. these are private entities that are nationalized. 1/3 of the private sector activity nationalized. and now where are we? now we get to obamacare and obamacare is another 18% that was formerly private.

Steve King

2:12:52 to 2:13:12( Edit History Discussion )

Steve King: now it's under the federal government, commanded, controlled and regulated and yes, some will say that these are private insurance companies and it's not the federal government, but the federal government will effectively cancel every health insurance policy in america and re-authorize only those that

Steve King

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

Steve King: meet the new standards that will be written, not the standards that we have today. and the options at the american people will have will be diminished, not increased. american freedom will be diminished and not increased. the costs will go up for these premiums because the federal government will impose more and more mandates on these health insurance policies.

Steve King

2:13:35 to 2:13:57( Edit History Discussion )

Steve King: they will require every health insurance policy covers contraceptives and covers mental health and they'll require piece after piece aer piece. and one of these will require the health insurance policies cover the children up to age 26. hmmm.

Steve King

2:13:58 to 2:14:18( Edit History Discussion )

Steve King: i didn't raise my family that my children would be grown up by age 26. we would like to keep them longer around than that and transition them, but we don't need the supernanny federal government setting a 26-year standard because someone in this congress thought it was a

Steve King

2:14:19 to 2:14:42( Edit History Discussion )

Steve King: good idea. i had a young man come to me at the tea party rallies, he said i'm 23 yearsld, don't you want me to have insurance until i'm 26? i said no. you are not one at 23? why 26? why not 28? why not 32?

Steve King

2:14:43 to 2:15:04( Edit History Discussion )

Steve King: why not all the way to medicare eligibility, and then you've got the whole thing covered. this is the mentality. this is a president who believes in single payer. he said so overnd over again. hillary care was single payer. that means the federal

Steve King

2:15:05 to 2:15:27( Edit History Discussion )

Steve King: government pays iall. they got all they got to toss us into the abyss of socialized medicine. went as far as they could go. they impose a bill on the american people that obamacare bill that about three weeks ago passed off the floor of this floor and went to the white house.

Steve King

2:15:28 to 2:15:48( Edit History Discussion )

Steve King: on the day it passed this floor and went to the white house, could not pass the united states senate. on the merits of the bill, it looked like it couldn't pass the house. but nevertheless, obamacare became the law of the land and going to take four years to implement the socialized medicine policy, but immediately the tax increases

Steve King

2:15:49 to 2:16:10( Edit History Discussion )

Steve King: kick in. and so i lay out a better sequence, i think, mr. speaker, and it is this. the american people are rising up. they have filled this capital city up time and time again. they did so on november 5 of last year, november 7.

Steve King

2:16:11 to 2:16:31( Edit History Discussion )

Steve King: did so the previous 9/12, the 9/12 project group. hundreds of thousands came to this city and doing it again this coming september and other rallies across this country. the tens of thousands that are in this city are multiplied by 700 locations, thousands and thousands of people will add up into the millions that will

Steve King

2:16:32 to 2:16:53( Edit History Discussion )

Steve King: come to the streets and say, i have had enough. i have had enough of watchin my country ruinto the ditch and had enough of watching this overspending that is irresponsible increase in spending without regard to try to balance the budget or any sense of fiscalresponsibility. if you want something for your

Steve King

2:16:54 to 2:17:14( Edit History Discussion )

Steve King: constituents and t on appropriations committee or in tight with the speaker or has someone on the staff that can write that number for you, the spending just comes. and we will see again no appropriation bills probably come out of this house. no budget probably come out of this house, because if we pass the budget however

Steve King

2:17:15 to 2:17:35( Edit History Discussion )

Steve King: irresponsible the budget is, it is still a spending constraint and debate point. they are going to avoid a budget and spend all the money, but they have trouble, because there is an election coming and the american people are get savvy. we will see a continuing resolution or several of them

Steve King

2:17:36 to 2:17:57( Edit History Discussion )

Steve King: that deal with these appropriations components. kick the can down the road. then there will be an election in early november. and i think they come back with an omnibus spending bill that will take these c.r.'s and stack it up in 3,600 pages and someplace between $500 billion

Steve King

2:17:58 to 2:18:19( Edit History Discussion )

Steve King: or $1 trillion will get spent and won't be any amendments allowed and a limited amount of debate and once again the american people will not have the opportunity to scrutinize what's going on here in this house of representatives. and i suggest this. i have a bill that's called the

Steve King

2:18:20 to 2:18:40( Edit History Discussion )

Steve King: cut act, to cut the unnecessary tab is what cut stands for, cut the unnecessary tab. there is a spiral that is naturally built into this system. the president proposes his spending. the house by constitution has to start the spending here. if the house doesn't want to say no to the president of the

Steve King

2:18:41 to 2:19:01( Edit History Discussion )

Steve King: united states, they just simply take the president's proposed budget and add the things into it that they want and send it over to the senate, who doesn't want to say no to the president and doesn't want to say no to the speaker of the house or the will of the house. and so they simply accept the spending that's come from the president, increased by the house and they stack their

Steve King

2:19:02 to 2:19:25( Edit History Discussion )

Steve King: spending goodies on top of that and the senate's really good on adding lots of billions of dollars on and has to come back to the house where the speaker will not want to say no to the senate or the president again. so it will jack up the spending again and the bill will go to the president's desk and we'll go deeper into debt. that's the spending spiral that

Steve King

2:19:26 to 2:19:46( Edit History Discussion )

Steve King: happens when you have a ruling party. that's when the president of the united states, the speaker of the house and the majority leader in the united states senate all of the same party, all the supermajorities, harry reid is one short of that supermajority over there, the three of them could go into a phone booth and decide what

Steve King

2:19:47 to 2:20:09( Edit History Discussion )

Steve King: they want to do to or for america. and what has happened is a sad, sad state of affairs, indeed. irresponsible spending, obamacare, unconstitutionain a whole number of ways, no budget coming forth, the tax cuts that were so important in stimulating our economy back in 2003, that would be those cuts

Steve King

2:20:10 to 2:20:31( Edit History Discussion )

Steve King: that were signed into law may 28, 2003, the second half of the bush tax cuts. those tax cuts are set to expire at the end of this year. right now, mr. speaker, it is a good year to die because there is no inheritance tax, however, it goes back to a ser high rate the first of next year and

Steve King

2:20:32 to 2:20:52( Edit History Discussion )

Steve King: no action has been tain. and even though we have an extender's package there is no thing in there. when the government put out the

Steve King

2:20:53 to 2:21:14( Edit History Discussion )

Steve King: message that was -- we want to see renewable fuels developed in an industry and to replace at least in part gasoline -- we built the ethanol industry, the biodiesel industry. in fact, the first legislation that i introduced as a new member of congress was that blender diesel.

Steve King

2:21:15 to 2:21:35( Edit History Discussion )

Steve King: those plants with hundreds of millions of dollars invested and hundreds of thousands of employees all together have shut down many of them, perhaps all of them in my state are shut down. and they are being mothballed and silenced where there was

Steve King

2:21:36 to 2:21:58( Edit History Discussion )

Steve King: 24/7 and now it's silenced. you might hear a cooling fan running there. it's about it. they have to make a decision on whether they walk away and cut their employees loose and leave their unemployed or whether they try to stay in and this congress has an obligation to

Steve King

2:21:59 to 2:22:20( Edit History Discussion )

Steve King: turn that card over and get that blenders' credit passed so that the 14 plants that i know of in iowa that are shut down, that are viable with it, can get up running again. one of those plants is being dismantled and shipped to india. .

Steve King

2:22:21 to 2:22:41( Edit History Discussion )

Steve King: i make this point to the speaker and the environmentalists who are in this congress if it's your idea to have new fuels such as sugar cane based or whatever it might be, unless we have a viable first generation, which we have built, and it's not viable today without the credit if we

Steve King

2:22:42 to 2:23:03( Edit History Discussion )

Steve King: don't have viable first generation fuels, we won't be able to build a second generation. and you cannot attract capital to the industry if the government doesn't keep their word. it's gone on since the first day of this year, this is the 15th of april. that's january, february, march and half of april and all of those have been money-losing

Steve King

2:23:04 to 2:23:24( Edit History Discussion )

Steve King: weeks who stepped -- for those who stepped forward to do the bidding of the government. i hope we get that turned around and do so soon and send that component, at least, to the president. it's a responsibility and it's irresponsib to kick the can down the road. mr. speaker, i take us back to obamacare and what is the solution.

Steve King

2:23:25 to 2:23:46( Edit History Discussion )

Steve King: first, i think i should go through a list of some of the things that are wrong. half a trillion cut in medicare, punishes our seniors. i represent, i believe, the most senior congressional district in america. a half trillion cut. and what happens? aarp, the american association of retired persons, or people,

Steve King

2:23:47 to 2:24:08( Edit History Discussion )

Steve King: cut a deal with the white house to support a half a trillion dollar cut to the benefits to their members, and why? i think it's because the bill mandates that the people buy insurance and aarp is in the insurance business. i don't know that, but i'd sure like to hear the straight story about what went on with the president and rahm emanuel and

Steve King

2:24:09 to 2:24:30( Edit History Discussion )

Steve King: the representatives of rp. i'd like to know what went on with the health insurance companies and why so many of them supported this. this goes -- this is anathema to their beliefs. could they have just concluded that the federal government is going to compel everybody to buy health insurance, therefore it's a bigger market for them? and why would they -- why would

Steve King

2:24:31 to 2:24:51( Edit History Discussion )

Steve King: they feed the alligator, hoping they get eaten last? haven't they seen the pattern? do i need to explain this, mr. speaker? ok, i will. i'm glad you nodded in the affirmative. that would be this. back in the 1960's, i think the year would have been 1962 and 1963, we had at that timall the property and casualty flood

Steve King

2:24:52 to 2:25:12( Edit History Discussion )

Steve King: insurance in america was private. not government. and because we'd had some floods, there was an argument in the congress that the federal government should provide competition in the flood insurance business. and so, the federal flood insurance program began just to

Steve King

2:25:13 to 2:25:33( Edit History Discussion )

Steve King: keep the insurance companies honest and make surthey could provide the flood insurance that was necessary in the floodplains we had. so one would think the federal government would set up a company and sell insurance and the other companies would get more competitive, leaner, meaner, more of them and we'd have good flood insurance in america.

Steve King

2:25:34 to 2:25:55( Edit History Discussion )

Steve King: but what happened was the federal government squeezed out 100% of the private sector property and casualty flood insurance so that today, mr. speaker, if you want to buy flood insurance for your home or office or your factory or your farm or whatever it might be, you have no choice but to

Steve King

2:25:56 to 2:26:17( Edit History Discussion )

Steve King: buy that flood insurance that's provided by the federal government. that's what's happened. 100% of the private sector in 1962 and over a number of years, the federal government swallowed up all of the private sector flood insurance. now, one might say this is anomaly. it really isn't a pattern, it was a circumstance, it had special circumstances involved

Steve King

2:26:18 to 2:26:38( Edit History Discussion )

Steve King: wit system of we can't anticipate that the federal government will swallow up the health insurance industry. here is the definitive irony, and that is this. years ago, about the time i was going to college, anyway, i believe that all of our student loans were private.

Steve King

2:26:39 to 2:26:59( Edit History Discussion )

Steve King: not government. and then government decide they wanted to get into the business so they took a chunk of the student loans over. they said, we don't want to own it all we don't want to run the whole thing. we want to provide competition because that will make everybody better. i don't know why anyone would think the private secor doesn't provide enough competion.

Steve King

2:27:00 to 2:27:20( Edit History Discussion )

Steve King: i'll talk about that in a moment, mr. speaker. when the federal government got involved in the student loan business, only to provide some competition and do -- into a segment of the market and let them compete against each other a lot of usaid no, the federal government is positioning themselves to take over 100% of the student loan

Steve King

2:27:21 to 2:27:41( Edit History Discussion )

Steve King: program. it hasn't been denied this congress since nancy pelosi pickeup the gavel. he'll tell you he's been honest about that. in any case, that's what happened, written in to the reconciliation package of

Steve King

2:27:42 to 2:28:02( Edit History Discussion )

Steve King: obamacare was the final nail in the coffin for anything except federal student loan program. the private stuff was all swallowed up. it's wrapped up, packaged up, and wiped out. so we have -- we have examples before us, flood insurance, formerly 100% private. federal government got involved in that, now it's 100%

Steve King

2:28:03 to 2:28:23( Edit History Discussion )

Steve King: government. you have the student loan program that was formerly 100% private, the federal government got involved in that, now it's 100 and here we are, the health insurance program, where the president of the united states has consistently said that we don't have enough compition in the health insurance industry system of we just wanted to start one more

Steve King

2:28:24 to 2:28:46( Edit History Discussion )

Steve King: company a federal health insurance company, just to provide somcompetion. no, it wouldn't ever replace those other companies. here are some facts i mentioned i would bring out a few minutes ago. when obamacare passed, we had 1,100 health insurance

Steve King

2:28:47 to 2:29:07( Edit History Discussion )

Steve King: companies in america. 1,100. that's not a mistake. it's not a decimal point out of line. we have, or at least a couple or three weeks ago, had that many companies. 1,100. 1,100 health insurance companies selling right in the neighborhood of 100,000 possible insurance -- health

Steve King

2:29:08 to 2:29:28( Edit History Discussion )

Steve King: nsurance policy variations. so if you go shopping out there, 1,100 companies, 100,000 policies and 50 states, and yes, you can't all buy in all those because buying insurance across state lines is not something that's been accepted system of simply, if you wanted more competition, you would allow people to buy insurance

Steve King

2:29:29 to 2:29:52( Edit History Discussion )

Steve King: across state lines and end this question. but the president's idea was to create federal competition because what happens is when the federal government gets involved, then they -- then they turn in and subsidize and when they subsidize, then the private -- the private sector can't compete with them. a little known tidbit fact, the federal flood insurance program

Steve King

2:29:53 to 2:30:15( Edit History Discussion )

Steve King: that they run 100% of now is $19 billion in the red. so the premiums don't reflect the risk and people continue to build in the floodplains out of proportion to the high risk that's there. and we have more and more property that we have to protect with federal taxpayer dollars and it just snowballs and it gets worse and worse and

Steve King

2:30:16 to 2:30:36( Edit History Discussion )

Steve King: worse. obamacare drives up costs, it will reduce quality, it discourages doctors and health care providers. doors in america may not be on suicide watch but they're assigned to only use plastic silverware and it's hard to conduct surgery with that, so it's been hard on health care providers.

Steve King

2:30:37 to 2:30:58( Edit History Discussion )

Steve King: the freedom and the liberty component of this is the worst part. when we think, mr. speaker, that ever since 1973, the people on that side of the aisle, call it the left side of the aisle, primarily, and a few on our side, made the argumen that roe v. wade is settled law

Steve King

2:30:59 to 2:31:19( Edit History Discussion )

Steve King: and a woman has a right to an elective abortion under any circumstances and the government has no business telling a woman what she can or can't do with her body. well, the government has no business telling a woman what she can or can't do with her body. that argument was made by men and women, almost everybody on that side of the aisle. a few of the people on this side of the aisle.

Steve King

2:31:20 to 2:31:41( Edit History Discussion )

Steve King: pretty interesting point. federal government has no business telling a woman what she can or can't do with her body. now the same people that made this argument since 1973, now they're saying to us, well the federal government has every right to tell everyone in america what they can or can't do with their body, and that

Steve King

2:31:42 to 2:32:02( Edit History Discussion )

Steve King: includes thou shall buy a government-approved health insurance policy or sign up for medicaid and we'll make sure we can give you a stipend if you don't have he money and we'll tax you if you do have the money and if you're an employer with 50 or more employee, you have to make sure they all have government-approved health insurance and if you're an

Steve King

2:32:03 to 2:32:24( Edit History Discussion )

Steve King: employer with 49 employees, thou would be stupid to hire the 50th one, so we'll see a lot of small businesses that'll reach that level of growth and stop. they might go out and create another entity and roll some employees into that and stop, and we will not just see all kinds of machinations of business con fission rations

Steve King

2:32:25 to 2:32:46( Edit History Discussion )

Steve King: for the purposes of tax delay or avoidance driveny this tax day and the i.r.s., but we're going to see also business models that are configured in order to avoid the federal mandate because the federal mandate requiring people to provide health insurance because they're an employer, it's amoral and it's unjust and

Steve King

2:32:47 to 2:33:08( Edit History Discussion )

Steve King: it's impractical and will create convoluted business arrangements. what i'm for, mr. speaker, is abolishing obamacare, repealing obamacare. i introduced a bill to repeal obamacare. congresswoman michelle bachmann also introduced a bill to repeal obamacare.

Steve King

2:33:09 to 2:33:29( Edit History Discussion )

Steve King: they happen to be verbatim in their language, parker griffith and some others have one. i'm for all of them. i want to work with all of them and everybody else that has a bill. but it's interesting that the 2,700 pages of obamacare that nobody read it all, i don't believe. if they did they didn't understand it all.

Steve King

2:33:30 to 2:33:51( Edit History Discussion )

Steve King: i have a bill that i drafted that addresses this and it's far better than the one they put in. i ask the republicans to sit and listen while i read through my bill, every word of it ani asked them to pay attention and not lose their concentration. i read the 40 words. not 2,700 page, not 40 titles,

Steve King

2:33:52 to 2:34:14( Edit History Discussion )

Steve King: not 40 pages, not even a page, 40 words on a page that essentially says, we peal -- repl obamacare, every bit of it, pull it out by the roots. i'll embellish beyond the language, take it out, repeel it lock, stock and barrel, pull it out, root and branch, make

Steve King

2:34:15 to 2:34:36( Edit History Discussion )

Steve King: sure there's not a vestige or remnant of any d.n.a. particle of obamacare left in the federal code because this policy that was and had become a toxic stew that was now force fed to the american people has become a malignant tumor in our

Steve King

2:34:37 to 2:34:57( Edit History Discussion )

Steve King: society. what we do with tumors is pull them out by the roots, cut out the entire tumor and if there happens to be tissue around the edge, it's better to err on that side than to leave some malignant cells left. there's not one single part of obamacare that should be

Steve King

2:34:58 to 2:35:18( Edit History Discussion )

Steve King: retned. i expect to have a discharge petion at the well. so that we can send a repeal bill out of the house of representatives. hopefully the senate can pick th up as well.

Steve King

2:35:19 to 2:35:40( Edit History Discussion )

Steve King: we can get it there, it's a hard task to get it there, anything to is possible. anything is possible, scott brown is in the united states senate today. knowing that northern iowa beat kansas in the ncaa tournament, i'm confident there's a chance we can repeal obamacare in this

Steve King

2:35:41 to 2:36:02( Edit History Discussion )

Steve King: congress. we put the marker down and then in november, we have an election. and the president is fond of saying push the reset button. i think what we have in america today is millions of people that are in a different place politically than the administration is.

Steve King

2:36:03 to 2:36:24( Edit History Discussion )

Steve King: a lot of them had bush fatigue, wanted to shift the way we do business. some of them and a lot of them now have buyer's remorse for what they did. you have the newly activated constitutional conservatives across this full spectrum of people from 912 project group, the independents that are newly activated, the republicans that

Steve King

2:36:25 to 2:36:46( Edit History Discussion )

Steve King: are in greater numbers, and constitutional conservatives and all of that. and mr. speaker, they intend to make a difference. i intend to make a difference with them but they will -- those i described represent the new majority makers in america, the heart of the heartland and

Steve King

2:36:47 to 2:37:07( Edit History Discussion )

Steve King: the values that flow from there that index from california to massachusetts and to the northeast and the northwest and the southeast and beyond. this congress today doesn't represent the will of the american people. 2-1 they o-- two to one they oppose obama care. it's the law of the land today

Steve King

2:37:08 to 2:37:28( Edit History Discussion )

Steve King: and can and must be repealed, every single bit of it, and there's no excuse for those who voted no on obamacare to be anything except in favor of full repeal of obamacare. and then, after this congress has reset at the election in november, and the swearing in of the new congress on january 3, 2011, we exert the will of

Steve King

2:37:29 to 2:37:49( Edit History Discussion )

Steve King: the american people. . when that happens, we will have on record, the will of the united states congress, the united states senate and have the opportunity then with the

Steve King

2:37:50 to 2:38:10( Edit History Discussion )

Steve King: appropriations bill to refuse to allow any of the appropriated funds to be used to implement obamacare. and we will be able to with the simple majority where all spending has to start by constitution and shut off the implementation of obamacare and we can do that for 2011 and

Steve King

2:38:11 to 2:38:31( Edit History Discussion )

Steve King: send another repeal bill to the president's desk which he'll likely veto. and in 2012 do the same thing for the appropriations cycle, so there is not a shred of obamacare that gets implemented, not in 2011 and 2012 and new presidential

Steve King

2:38:32 to 2:38:52( Edit History Discussion )

Steve King: election in 2012 and we'll have a new president and a president that will sign a repeal of obamacare and we'll put it on his desk injanuary or february of 2013 and we can begin the process then of real health care reform. and we need to do it, mr speaker, not with a big

Steve King

2:38:53 to 2:39:13( Edit History Discussion )

Steve King: republican bill. not like the 2,700-page obama care bill. we need to move down the line one after another, clear stand-alone pieces of legislation that actually fix this problem and reform it in a way that the free market and

Steve King

2:39:14 to 2:39:34( Edit History Discussion )

Steve King: the doctor-patient relationship is improved and the trial lawyers are going to have to give up a lot and we'll go right on down the line, stand-alone pieces of legislation and you will tly implement free-market reforms

Steve King

2:39:35 to 2:39:56( Edit History Discussion )

Steve King: and do that before obamacare takes in effect because they don't take effect until 2014. what we can do is go through the sequence of repeal obamacare. when the majority shut off the funding for the implementation of obamacare, run a new election, expand the majority

Steve King

2:39:57 to 2:40:17( Edit History Discussion )

Steve King: in the house and senate, elect a new president and repeal obamacare, pull it completely out by the roots, not one single particle, we can do all of that, mr. speaker, and still bring real reforms and put them in place and have them up and

Steve King

2:40:18 to 2:40:38( Edit History Discussion )

Steve King: running and the american people will have their freedom and liberty, and that is the most egregious violation from a constitutional perspective, obamacare is unconstitutional in several ways. one, there nothing in the powers that grants this body to

Steve King

2:40:39 to 2:40:59( Edit History Discussion )

Steve King: establish obamacare. and it's a violation of the commerce clause. people that have born, lived and died that don't participate in health care at all, that would be compelled to buy a product produced by the federal government for the first time in history. and there is no example to the contrary in spite of what some

Steve King

2:41:00 to 2:41:20( Edit History Discussion )

Steve King: of the people have tried to argue. and it's a violation of the equal protection clause, people in florida are treated differently than people in texas. it's not the cornhusker kickback. ere is a strong argument on equal protection violation and there is a 10th amendment

Steve King

2:41:21 to 2:41:42( Edit History Discussion )

Steve King: violation that these powers need to be reserved for the states or the people respectively not the big reach of the federal government. all of this needs to happen and we can do this and we will have the leadership in this country and in this congress to get it done. and i see that we have a strong

Steve King

2:41:43 to 2:41:50( Edit History Discussion )

Steve King: leader from east texas, my friend, judge gohmert. and i would be happy to yield so much time as the gentleman

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid