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House Proceeding on Jul 31st, 2007 :: 9:02:01 to 9:07:12
Total video length: 10 hours 49 minutes Stream Tools: Stream Overview | Edit Time

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Jeb Hensarling

9:02:01 to 9:02:13( Edit History Discussion )

Jeb Hensarling: states senate where anything is possible. the chairman: the gentleman is correct. the gentleman from texas must confine his remarks to the pendin and it has repercussions. and no matter

Jeb Hensarling

9:02:01 to 9:07:12( Edit History Discussion )
Speech By: Jeb Hensarling

Jeb Hensarling

9:02:13 to 9:02:28( Edit History Discussion )

Jeb Hensarling: how intensely our friends from the other side of the aisle want us to -- want to prevent us from painting a picture for the american people and where their spending is leading us, we feel compelled

Jeb Hensarling

9:02:28 to 9:02:41( Edit History Discussion )

Jeb Hensarling: to speak out. mr. chairman, already this body is spending over $23,000 per american household. in real terms, it's one of the greatest amounts since world war ii. every appropriations bill

Jeb Hensarling

9:02:41 to 9:03:21( Edit History Discussion )

Jeb Hensarling: that's coming to the floor, practically every single one, is spending more money than last year way beyond the rate of inflation and beyond the ability of the family budget to pay for the excess

Jeb Hensarling

9:03:21 to 9:03:34( Edit History Discussion )

Jeb Hensarling: in the federal government. . mandatory spending. we have a pay-go -- pay-go loophole. and this is a big, big loophole, mr. chairman. and we need to pay attention to more mandatory spending.

Jeb Hensarling

9:03:34 to 9:03:52( Edit History Discussion )

Jeb Hensarling: because already simply with the government that we have today, before our friends on the other side of the aisle add on a massive increase in an schip program that's going to be funded

Jeb Hensarling

9:03:52 to 9:04:03( Edit History Discussion )

Jeb Hensarling: with tax increases and medicare cuts, before they do that, we are already on automatic pilot. we're either going to double tax on the next generation or there won't be any federal government

Jeb Hensarling

9:04:03 to 9:04:16( Edit History Discussion )

Jeb Hensarling: to speak of except for medicare, medicaid and social security. there barely won't be any other funds. and, mr. chairman, don't take my word for it -- madam chair. take it for the office of the

Jeb Hensarling

9:04:16 to 9:04:30( Edit History Discussion )

Jeb Hensarling: management and budget, the chairman of the federal reserve, liberal brookings institute. and so there is this train wreck coming on entitlement spending. we have a modest amendment that would

Jeb Hensarling

9:04:30 to 9:04:42( Edit History Discussion )

Jeb Hensarling: reduce a little bit of spending in the agriculture bill to take off that pressure, and instead the bill that the amendment is simply mocked. what -- well, we can't do that because we know

Jeb Hensarling

9:04:42 to 9:04:56( Edit History Discussion )

Jeb Hensarling: if we don't pass this amendment, this modest amendment to save money on the agriculture appropriations bill, we know what it's leading to in schip. a new permanent entitlement of almost

Jeb Hensarling

9:04:56 to 9:05:08( Edit History Discussion )

Jeb Hensarling: $160 billion over 10 c1 years. madam chair, this is unconscionable on top of the burden that will be placed upon future taxpayers. now, we have so many members who come to the floor and talk

Jeb Hensarling

9:05:08 to 9:05:24( Edit History Discussion )

Jeb Hensarling: about, well, we have to be here for the least of these. madam chair, i would pause it that maybe the least of these are those who do not vote and those who have yet to be born. so that's why

Jeb Hensarling

9:05:24 to 9:05:37( Edit History Discussion )

Jeb Hensarling: we need the amendment passed by the gentleman from north carolina to save this money to take pressure off of creating this new huge permanent spimet in schip. we -- permanent entitlement in

Jeb Hensarling

9:05:37 to 9:05:53( Edit History Discussion )

Jeb Hensarling: schip. we need to have this to take the huge cut off of medicare that the democrat majority is now planning, as they seek to pit grandparents against their grandchildren in this massive

Jeb Hensarling

9:05:53 to 9:06:09( Edit History Discussion )

Jeb Hensarling: schip tax-spend death spiral. they're going to increase taxes, the tobacco taxes. i'm not a spoker. used to be a vol -- smoker. used to be a volunteer in the cancer society. last i looked, it

Jeb Hensarling

9:06:09 to 9:06:29( Edit History Discussion )

Jeb Hensarling: was a legal activity. it is a tax that will fall on low and moderate income americans. as they seek to put them on a public insurance plan. we're looking, again, at cutting medicare advantage plans.

Jeb Hensarling

9:06:29 to 9:06:45( Edit History Discussion )

Jeb Hensarling: almost 20% of the people. we're going to have pressure to cut medicare because we won't pass a simple amendment -- i think that it is my time. do i -- i control the time. i have not yielded.

Jeb Hensarling

9:06:45 to 9:07:00( Edit History Discussion )

Jeb Hensarling: i would urge the adoption of this amendment so that we can save money here and prevent the massive raid on the medicare trust fund coming in the schip and i yield back the balance of my time.

Jeb Hensarling

9:07:00 to 9:07:12( Edit History Discussion )

Jeb Hensarling: the chairman: the gentleman yields back his time. for what purpose does the gentleman rise? >> parliamentary inquiry. is there a particular parliamentary -- that once the amendment is accepted

Jesse L. Jr.Jackson

9:07:12 to 9:07:27( Edit History Discussion )

Jesse L. Jr.Jackson: by the majority that the amendment can then be disposed of? i don't know what the point is here. we've accepted the amendment. it has been asked, answered, we are prepared to move forward.

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