House Proceeding 07-23-09 on Jul 23rd, 2009 :: 2:07:40 to 2:09:10
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2:07:17 to 2:07:42( Edit History Discussion )

John W. Olver: fiscal year 2008. we're talking about the year 2010. we're talking about a year starting several months from now and going forward a year where he's talking about 9 1/2 months ago being the end of that fiscal year, the end of the 2008 fiscal year, and that was funding the year prior to that.

2:07:40 to 2:09:10( Edit History Discussion )
Speech By: John W. Olver

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

John W. Olver: . it is taking a step backward two years in the funding level. as everybody knows, while we have had a bad economy, the inflation level is relatively low, that's true. but this kind of a funding level, taking $20 billion ou

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

John W. Olver: this appropriation then has the effect of cutting a huge number of programs by an average of 16% for the next fiscal year. it is an unsustainable number for the kinds of efforts that

2:08:29 to 2:08:49( Edit History Discussion )

John W. Olver: one needs to do in housing, as i've indicated. there is groh in this, i agree. there is growth in this bill and on the transportation side, the major point of growth is in the high-speed rail program. the high-speed rail program is putting forward money that actually will extend out over a series of years.

2:08:50 to 2:09:11( Edit History Discussion )

John W. Olver: it doesn't happen all in the first year by any means at all. we all know that. it creates jobs over a period of time in the building of that infrastructure. and in the case of the housing, those, again, if one tries to cut the housing program, it's particularly bad for vulnerable populations.