Metavid

Video archive of the US Congress

House Proceeding 07-22-09 on Jul 22nd, 2009 :: 1:11:00 to 1:19:35
Total video length: 2 hours 39 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:180 Duration: 0:08:35 Discussion

Previous speech: Next speech:

Paul Ryan

1:10:57 to 1:11:17( Edit History Discussion )

Paul Ryan: the budget process rules worked before. they'll work again if we vote for the statutory pay-go. the speaker pro tempore: all time for debate on the bill has expired. for what purpose does the gentleman from wisconsin rise? mr. ryan: i have an amendment in the nature of a substitute. the speaker pro tempore: the clerk will designate the amendment. the clerk: amendment in the

Paul Ryan

1:11:00 to 1:19:35( Edit History Discussion )
Speech By: Paul Ryan

Paul Ryan

1:11:18 to 1:11:38( Edit History Discussion )

Paul Ryan: nature of a substitute, printed in house report 111-121, offered by the gentleman from wisconsin, mr. ryan. the speaker pro tempore: the gentleman from wisconsin, mr. ryan and a member opposed each will control 30 minutes. mr. ryan: as we mentioned, we're offering better ideas.

Paul Ryan

1:11:39 to 1:12:00( Edit History Discussion )

Paul Ryan: we think it's incumbent on us in the big issues of the day if we don't think the majority is going in the right directions, it's not enough for us to criticize and say we're against what we're doing we owe it to our employer the american people, our constituents, offer an alternative. that's what we're doing right here today. i want to first say, thank you to the majority leader and the

Paul Ryan

1:12:01 to 1:12:21( Edit History Discussion )

Paul Ryan: chairman for making it such that we can offer this alternative. normally in the minority, one would expect to offer a substitute. unfortunately, that's not the norm these days. i appreciate the fact that the majority leader an chairman were true to their word and made it so the minority cowl offer a substitute so we, too, can say we think we have a

Paul Ryan

1:12:22 to 1:12:43( Edit History Discussion )

Paul Ryan: better way forward. let me explain what our bill does. three basic components to our so what we think ought to happen here is let's fix the problem. let's focus on the problem. what is the problem, mr. speaker? spending.

Paul Ryan

1:12:44 to 1:13:04( Edit History Discussion )

Paul Ryan: deficits, and debt are out of control. first off, we propose caps an discretionary spending. yes, caps on discretionary spending. when this was combined with pay-go in the 1990's, it worked. it helped pave the way for surpluses. it's an idea that's enjoyed bipartisan support until now.

Paul Ryan

1:13:05 to 1:13:25( Edit History Discussion )

Paul Ryan: so if you take a look at who really controls deficits, the deficits urn our substitute or the deficits under the majority's plan, our deficits are far lower, still higher than i would like, but our deficits take this deficit down to no more than 3% of gross domestic product, which is what all economist says is a

Paul Ryan

1:13:26 to 1:13:47( Edit History Discussion )

Paul Ryan: minimum. if your deficits are above 3%, the debt spirals out of control. unfortunately, under the bill, the deficits always stay above 3%, spiraling out of control, according to any economist if you ask them. second, we think we ought to have caps and total spending. let's keep in mind just how big

Paul Ryan

1:13:48 to 1:14:08( Edit History Discussion )

Paul Ryan: the federal government is relative to oucostituents in the economy's ability to pay it. so we propose a cap to keep the size of the federal government relative to where it has been in history and no larger meaning, don't let the government grow faster than the economy. don't let the government grow faster than our constituents

Paul Ryan

1:14:09 to 1:14:30( Edit History Discussion )

Paul Ryan: have a don't let the federal budget grow faster than the family budget. what we also do is we have a cap and federal spending as a percentage of g.d.p., gross domestic product. with what we are showing here is -- what we are showing here is that, yes, spending goes down and stays in control. we keep spending historically

Paul Ryan

1:14:31 to 1:14:51( Edit History Discussion )

Paul Ryan: where it has been, slightly above 20% of g.d.p. what does the democratic pay-go rule do? nothing. it allows spending to grow far in excess of where it's been before. meaning what this democratic pay-go plan does is it locks in place the growth of the federal government so that it will grow faster and higher than it ever has in the history of this

Paul Ryan

1:14:52 to 1:15:14( Edit History Discussion )

Paul Ryan: republic. what does the future look like under their version of fiscal contl? versus our version of fiscal control. here's what the federal government looks like. under the democratic pay-go bill, the federal government keeps growing forever and ever. look at the moment in the middle of the chart. that's when my children, 4, 6,

Paul Ryan

1:15:15 to 1:15:35( Edit History Discussion )

Paul Ryan: and 7 years old, are my age. what the demratic pay fwow bill says is the government will be twice as big for them at that time. under our bill we put the federal government on the pathway of sustainability. it's really about this. the question is, are we going to fulfill the american legacy or not?

Paul Ryan

1:15:36 to 1:15:56( Edit History Discussion )

Paul Ryan: are we going to face up to the challenges confronting this generation so that we can make the next generation better off? that is, after all, the lessons we were taught as americans. we own up to the challenges confronting us so our and grandchildren can have a better tomorrow. unfortunately, under the democratic pay-go bill, that's

Paul Ryan

1:15:57 to 1:16:17( Edit History Discussion )

Paul Ryan: not the case. the democratic pay-go bill severs that tie. it breaks the american legacy. here's what i mean when i say that. for the last 40 years, the size of our government has been relatively the same in that it's been consistent. about 20% of g.d.p. has gone to the government. about 20 cents out of every dollar made in america have been spent by the federal

Paul Ryan

1:16:18 to 1:16:40( Edit History Discussion )

Paul Ryan: government to run the federal government. well, by the time my kids are my age, according to the current plan that we are on, 40 cents, 40 cents of every single dollar made must go to the federal government just to keep this government going for my kids at that age. i ask the congressional budget office, what would the tax rates on my three children,

Paul Ryan

1:16:41 to 1:17:02( Edit History Discussion )

Paul Ryan: whour 4, 6, and 7 years old have to be when they're my age, in their late 30's, if they are going to have to pay taxes to pay for all the government they're consigning them too here's -- consigning the they said, the 10% bracket must go up to 25%. the middle income tax brackets, that middle income americans pay,

Paul Ryan

1:17:03 to 1:17:25( Edit History Discussion )

Paul Ryan: they said the top income tax bracket in america, the one small businesses pay, the job creators pay would have to go to 88%. these are the tax rate this is a have to occur for the next generation if we don't fix this problem. these are the tax rate this is a will occur on the next generation if you pass the democratic pay-go bill.

Paul Ryan

1:17:26 to 1:17:48( Edit History Discussion )

Paul Ryan: if you pass the republican substitute, we are putting the kinds of rules in place, the kind of tools in place, the kind of enforcement and discipline in place to make sure that to make congress face up and fix these problems. . we have three different spending caps.

Paul Ryan

1:17:49 to 1:18:12( Edit History Discussion )

Paul Ryan: belts and success peppeders to make sure that congress fixes this fiscal train wreck. the question before us, mr. speaker, is will this generation, will the people right now elected by americans face up to this reality? and this is the key question, mr. speaker, the sooner we do it, the better off everybody in

Paul Ryan

1:18:13 to 1:18:37( Edit History Discussion )

Paul Ryan: america is, the sooner we tackle the spending that's out of control and take ourselves off the reliance of debt purchases by india, china and everybody else, the sooner americans can be in control of their own destiny and economy. the sooner we reform government and the entitlement programs that are presented us with the $62 trillion unfunded liability,

Paul Ryan

1:18:38 to 1:18:58( Edit History Discussion )

Paul Ryan: the more likely we can prevent people who are depending on these programs, will not have disruption in their lives and the kind of changes that must happen can be phased in gradually. but every year we delay, every year we punt and pass bills like thisdemocratic pay-go bill, the more likely people will see

Paul Ryan

1:18:59 to 1:19:21( Edit History Discussion )

Paul Ryan: severe disruption in their lives and will have crushing tax increases, massive borrowing and unsustainable deficits and the more likely we won't be able to sell our bonds and our interest rates will go up, the tax rates will go up, and lose jobs and competitiveness. every year we delay, we add

Paul Ryan

1:19:22 to 1:19:35( Edit History Discussion )

Paul Ryan: about $4 trillion of debt to our children and grandchildren. so we are saying, let's fix what's broken. and what is broken is spending. what is broken is spending is out of control. both parties contributed to

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