Video archive of the US Congress

House Proceeding on Jul 22nd, 2009 :: 0:56:35 to 0:59:15
Total video length: 1 hours 49 minutes Stream Tools: Stream Overview | Edit Time

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James P. McGovern

0:56:31 to 0:56:54( Edit History Discussion )

James P. McGovern: gentleman reserves the balance of his time. the gentleman from new yor mr. arcuri: i yield three minutes to the the gentleman from massachusetts, mr. mcgovern. the gentleman is recognized for three minutes. mr. mcgovern: mr. speaker, i rise in strong support of this rule and support of th underlying statutory pay-go legislation. as a member of the budget committee, i am proud to be an

James P. McGovern

0:56:35 to 0:59:15( Edit History Discussion )
Speech By: James P. McGovern

James P. McGovern

0:56:55 to 0:57:15( Edit History Discussion )

James P. McGovern: orange -- original co-sponsor of this bill. some of my colleagues may be asking why is a liberal democrat from massachusetts speaking in support of pay-go. it's true, mr. speaker, i have never been mistaken for a blue dog. i support this legislation beca as strongly as any member of this house. i support this legislation

James P. McGovern

0:57:16 to 0:57:36( Edit History Discussion )

James P. McGovern: because i have two young children and i don't want to saddle them with a bankrupt nation. and i support this legislation precisely because it helps support the programs that i care most deeply about. every single dollar that we spend on interest on the debt is a dollar that we can't spend on health care or on education or

James P. McGovern

0:57:37 to 0:57:57( Edit History Discussion )

James P. McGovern: environmental protection or transportation projects or tax breaks for middle-class it's a dollar we can't spend on supporting our servicemen and women or ending hunger. in short, every dollar we spend on this debt is a dollar we cannot invest in the american people. and that is why we need this bill.

James P. McGovern

0:58:19 to 0:58:39( Edit History Discussion )

James P. McGovern: were you for the last eight years? why did you allow pay-go to expire when you were in the majority? where were you when the bush administration inherited a surplus and proceeded to squander it on tax cuts for the wealthy few? now, if someone wants to argue bigger tax bre millionaires is good economic

James P. McGovern

0:58:40 to 0:59:00( Edit History Discussion )

James P. McGovern: policy, that's fine. but under this bill, they will be forced to acknowledge the cost of those tax cuts and show how they would pay for tm. i don't think that's too much to ask. this bill before us at long last will take a good long look at waste interest tax loopholes. mr. speaker, all of us,

James P. McGovern

0:59:01 to 0:59:15( Edit History Discussion )

James P. McGovern: democrats and republicans like to talk a good game about deficit reduction, but this i where the rubber meets the road. it's our time to put our votes where our rhetoric is. it's time to pass statutory pay-go.

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