House Proceeding 12-11-07 on Dec 11th, 2007 :: 0:40:30 to 0:43:29
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0:36:31 to 0:40:30( Edit History Discussion )
Speech By: Mike Ross

0:40:11 to 0:40:30( Edit History Discussion )

Mike Ross: issue and they will elaborate on what i have to say. the pay-go rule, as we have here now, as mr. ross pointed out, is basically what awful us do in our private lives. we live within our means,

0:40:30 to 0:40:41( Edit History Discussion )

John S. Tanner: we pay our bills. and we hope we have some left to invest in the future. this government has done none of that and some people around here have argued about the a.m.t. situation that you alewed --

0:40:30 to 0:43:29( Edit History Discussion )
Speech By: John S. Tanner

0:40:41 to 0:40:53( Edit History Discussion )

John S. Tanner: alluded to, that we don't have to pay for that because it wasn intended to affect these people, therefore it doesn't exist. if i said that in tennessee, they would say, that fellow has

0:40:53 to 0:41:04( Edit History Discussion )

John S. Tanner: been in wash ington too long. only in washington would somebody even dare make a statement as ludicrous as that is. we've also heard people here in this town say deficits don't matter. well,

0:41:04 to 0:41:17( Edit History Discussion )

John S. Tanner: if deficits don't matter, why don't we abolish the tax code and just borrow what we need? of course deficits matter. they matter to awful us. some people around here think the laws of arithmetic

0:41:17 to 0:41:35( Edit History Discussion )

John S. Tanner: stop at the steps of the capitol and the front door of the white house. well, folks, they don't and this is why. as we are plunging this country into debt, it's been done on a massive scale and

0:41:35 to 0:41:49( Edit History Discussion )

John S. Tanner: the last six years, that no political leadership in the history of this country has gone there. we are transferring more and more of our assets to foreign -held powers. we transfer over $700

0:41:49 to 0:42:01( Edit History Discussion )

John S. Tanner: billion in the form of interest payments overseas just in the last 72 months. now, we talk about, we don't have to pay for this because we didn't intend it. someone is going to pay for it.

0:42:01 to 0:42:15( Edit History Discussion )

John S. Tanner: there's no free lunch. people have been looking for free lunch since the dawn of civilization. it the does not exist. and i would contend that if we are going to keep our moral authority

0:42:15 to 0:42:31( Edit History Discussion )

John S. Tanner: to govern as stewards of this country in the time and place where we are now, elected to public office, if we do not reverse this and start paying our bills, we will undermine, i believe, that

0:42:31 to 0:42:43( Edit History Discussion )

John S. Tanner: and we'll also undermine this country. i don't think -- i think this is a defining moment for us and we're going to fight davey crocket was from my district. we want to make this an alamo-type

0:42:43 to 0:42:54( Edit History Discussion )

John S. Tanner: situation. around this issue, because this is a critical tool of this congress and the american people in order -- in order to act financially and responsible and i can't thank the blue

0:42:54 to 0:43:06( Edit History Discussion )

John S. Tanner: dogs enough for fair -- for their devotion to this idea of we're going to leave this place better than when we found it and that's what this is all about. thank you. mr. ross: i want to thank the

0:43:06 to 0:43:18( Edit History Discussion )

John S. Tanner: gentleman from tennessee, a founder of the blue dog coalition, john tanner, for joining us this evening g for this special order and madam speaker, there's 47 of us in the fiscally conserve ive

0:43:18 to 0:43:29( Edit History Discussion )

John S. Tanner: democratic blue dog coalition. it's just the blue dog coalition is just another name for fiscally conservative democrats and one of our newest members who has joined us for the 110th session

0:43:29 to 0:43:43( Edit History Discussion )

Mike Ross: of congress and we're delighted to have her is mrs. gillibrand from new york's 20th district. mrs. gillibrand: thank you. for the sake of our children's future, i am strongly urging the senate