Video archive of the US Congress

House Proceeding 10-20-09 on Oct 20th, 2009 :: 0:24:20 to 0:28:35
Total video length: 4 hours 36 minutes Stream Tools: Stream Overview | Edit Time

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Walter B. Jones

0:24:16 to 0:24:40( Edit History Discussion )

Walter B. Jones: ni american people. and that's just the way it is. i yield back the remaining portion of my time. the speaker pro tempore: mr. defazio of oregon. mr. jones of north carolina, you will be recognized for five minutes. mr. jones: thank you very much. and i would like to share with

Walter B. Jones

0:24:20 to 0:28:35( Edit History Discussion )
Speech By: Walter B. Jones

Walter B. Jones

0:24:44 to 0:25:05( Edit History Discussion )

Walter B. Jones: the house tonight cnn and the title is u.s. bi since 1945. the obama administration on friday said the government ran a $1.42 trillion deficit in fiscal year 2009. that made it the worst year on record since world war ii, according to data from the

Walter B. Jones

0:25:06 to 0:25:27( Edit History Discussion )

Walter B. Jones: treasury and the white house office of management and budget. tax receipts for the year fell 16.6% overall while spending soared 18.2%. consequently the annual deficit rose 212% to the record dollar

Walter B. Jones

0:25:28 to 0:25:50( Edit History Discussion )

Walter B. Jones: amount of 1.42 trillion from $455 gillion a year earlier. i continue to read from this article. as a result, the country is near to reaching its so-called debt ceiling currently set at 12.1 trillion. lawmakers are are expected to vote to raise the ceiling this fall. i further share with the house

Walter B. Jones

0:25:51 to 0:26:12( Edit History Discussion )

Walter B. Jones: in august, the o.m.b. project add 10-year deficit of $9 trillion assuming president obama's 2010 budget proposals are put in place. a deficit of that magnitude means a debt held by the public would approach 82% of gross

Walter B. Jones

0:26:13 to 0:26:34( Edit History Discussion )

Walter B. Jones: 41% recorded in 2008. the 10-year forecast as well as the considered unsustainable. the g.a.o. further cautioned on the deficit problems should be addressed sooner rather than later. the longer actions to deal with

Walter B. Jones

0:26:35 to 0:26:56( Edit History Discussion )

Walter B. Jones: the nation's fiscal outlook is delayed, the longer the change will need to be increasing the likelihood it will be disruptive and destablizing. i wanted to share that with the white house whether you are are a republican or democrat, this country needs to understand that no longer can it take care of

Walter B. Jones

0:26:57 to 0:27:18( Edit History Discussion )

Walter B. Jones: the world because we can't take care of our own nation. i want to make reference to book that i read a couple of years ago that i would recommend to each member of congress and if i could buy it for each member of congress, i would, but i cannot. "the bay of reckonning" by pat buchanan. it reminds america what is

Walter B. Jones

0:27:19 to 0:27:39( Edit History Discussion )

Walter B. Jones: happening to other great nations, whether it be england, spain, france. these nations went down the road in believing building empires around the world. they all collapsed in a matter of years. rome is probably the best example of a nation that felt it

Walter B. Jones

0:27:40 to 0:28:00( Edit History Discussion )

Walter B. Jones: could go and create other enties around the world and they fell as well. so, smad a.m. per speaker in closing, i would like to ask unanimous consent to put the entire article from into the record. the spker pro tempore: without objection.

Walter B. Jones

0:28:01 to 0:28:25( Edit History Discussion )

Walter B. Jones: mr. jones: i thank you very much and i hope we in congress tha as we debate bills, determine how we're going to pay for it, is it fair for our grandchildren to pick up the debt for those of us who are responsible for maintaining a frugal government. with that, madam speaker, i want

Walter B. Jones

0:28:27 to 0:28:36( Edit History Discussion )

Walter B. Jones: men and women in uniform and ask god in his loving arm who gave a child in iraq and afghanistan

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