Video archive of the US Congress

House Proceeding 07-08-09 on Jul 8th, 2009 :: 0:28:05 to 0:30:10
Total video length: 50 minutes Stream Tools: Stream Overview | Edit Time

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Dan Burton

0:28:02 to 0:28:22( Edit History Discussion )

Dan Burton: legislating under a appropriations bill. you want to talk about process, we'll talk about process. his amendment would have been not in order under any process. i reserve they balance of my time. the speaker pro tempore: the gentlewoman from north carolina. ms. foxx: thank you, mr. speaker. i now yield two minutes to our colleague from indiana, mr. burton.

Dan Burton

0:28:05 to 0:30:10( Edit History Discussion )
Speech By: Dan Burton

Dan Burton

0:28:23 to 0:28:43( Edit History Discussion )

Dan Burton: the speaker pro tempore: the gentleman from indiana is recognized for two minutes. mr. burton: i ask permission to revise and extend my remarks. without objection. mr. burton: mr. speaker, we've heard of the problems with the rule. but that's not the thing that really bothers me. what bothers me is how much money we're spending. since last october, this is

Dan Burton

0:28:44 to 0:29:04( Edit History Discussion )

Dan Burton: what we've spent -- $700 billion for tarp, $70.3 for schip, $1.16 trillion, that includes interest for the stimulus bill, $625 billion, which includes interest for the omnibus bill, $125 billion for the war supplemental, and the american people are struggling

Dan Burton

0:29:05 to 0:29:25( Edit History Discussion )

Dan Burton: right now because of the economy and we're spending like it's going out of style. and this -- and this bill we're talking about right now under this rule is going to have a $2.4 billion increase over last year. that's 12%. and if you compare that to fiscal year 2008, the budget that the programs thunder bill

Dan Burton

0:29:26 to 0:29:47( Edit History Discussion )

Dan Burton: operated under until passage of the omnibus in february, it's $4.8 billionore or a 27% increase. then they've also added $7.9 billion of emergency designated spending during the current fiscal year. where in the world are we going to get this money? the american people are starting to realize there's

Dan Burton

0:29:48 to 0:30:08( Edit History Discussion )

Dan Burton: going to be high inflation down the road because we can't pay for this stuff, so they're printing this money down at the treasury department. when you print more money, and it's chasing the same amount of goods and servicings, you'll have inflation. it's going to be high inflation. we had it in the early 1980's when it was 14%, they had to

Dan Burton

0:30:09 to 0:30:10( Edit History Discussion )

Dan Burton: raise interest rates to 21% to

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