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Senate Proceeding on Mar 12th, 2008 :: 8:10:55 to 8:31:20
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Judd Gregg

8:10:41 to 8:10:55( Edit History Discussion )

Judd Gregg: better than the men and women in uniform. the message we heard in our committee was -- quote -- "we cannot rely on military power alone to make our nation secure." end quote. for every $19 we spend

Christopher Dodd

8:10:55 to 8:11:09( Edit History Discussion )

Christopher Dodd: on military resources, barely $1 goes toward civilian programs to prevent military action, or secure the peaceea once the shooting stops. we spend more in three weeks on military operations in iraq,

Christopher Dodd

8:10:55 to 8:31:20( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

8:11:09 to 8:11:32( Edit History Discussion )

Christopher Dodd: for example, than we have spent since 9/11 to rebuild and secure afghanistan. the total amount of money spent in afghanistan which is the one end of the super highway of terrorism between afghanistan

Christopher Dodd

8:11:32 to 8:11:45( Edit History Discussion )

Christopher Dodd: and pakistan, p we have spent less money since 9/11 in pakistan defeating the taliban and dealing with its -- it's civilian as well as military needs than we spend for three weeks in iraq. this amendment

Christopher Dodd

8:11:45 to 8:11:55( Edit History Discussion )

Christopher Dodd: will not fix that problem, but it will keep us from making it worse. last month i wrote to my colleagues on the budget committee asking them to treat the president's budget for international operations

Christopher Dodd

8:11:55 to 8:12:06( Edit History Discussion )

Christopher Dodd: as a floor, not a ceiling. i ask unanimous consent, madam president, that apr copy of myy views be included in the record at this point. the presidin g officer: without itobjection. mr. biden: madam president,

Christopher Dodd

8:12:06 to 8:12:19( Edit History Discussion )

Christopher Dodd: working under tight restraints, the committee reduced the president's budget by $4.1 billion. i understand that theery have a difficult task and a great staff, but i believe weve have to do a lot better.

Christopher Dodd

8:12:19 to 8:12:30( Edit History Discussion )

Christopher Dodd: i ask my colleagues to -- today to join me when this amendment comes forward in restoring the full $39.5 billion the president requested to allow us to continue the work now under way to help rebuild iraq

Christopher Dodd

8:12:30 to 8:12:41( Edit History Discussion )

Christopher Dodd: an gans to support our ongoing nonproliferation programs and to provide the manpower and skills for a civilian stablization itiative to fight aids and do all the things that reduce threats, relieve

Christopher Dodd

8:12:41 to 8:12:54( Edit History Discussion )

Christopher Dodd: human suffering and help to rebuild the moral stature of the unitedtates and the world. it is supported by the one campaign, interaction, u.s. global leadership campaign and many other groups, many of whom

Christopher Dodd

8:12:54 to 8:13:06( Edit History Discussion )

Christopher Dodd: are men and women who wore the -- wore the uniform their whole life. it isit less -- the money is less than a couple of weefks for the war in iraq. at the appropriate time i will urge myy colleague ross

Christopher Dodd

8:13:06 to 8:13:19( Edit History Discussion )

Christopher Dodd: support s this amendment i thank you madam president, and i thank mhay colleagues for the t fime on the floor. i suggest the abc sense after quorum. the presiding officer: the clerk will call the roll.

Christopher Dodd

8:13:19 to 8:13:39( Edit History Discussion )

Christopher Dodd: quorum call: | quorum call: mr. conrad: mr. president, are we in a quor call? the presiding officer: the senate is in a quorum call. mr. conrad: i'd ask further proceedings under the quorum call be

Christopher Dodd

8:13:39 to 8:13:50( Edit History Discussion )

Christopher Dodd: dispensed with. the presiding officer: without objection. mr. conrad: mr. president, i just want to enter a plea to my colleagues. we need an attitude adjustment around here. we really need an attitude

Christopher Dodd

8:13:50 to 8:14:03( Edit History Discussion )

Christopher Dodd: adjustment around here. here it looks pretty pretty placid. underneath all of this, there is a great deal of turmoil. if we're going to complete this in any reasonable way, we've got to have people be

Christopher Dodd

8:14:03 to 8:14:13( Edit History Discussion )

Christopher Dodd: more cooperative, less confrontational, less insistent on a side-by-side-amendments for even minor matters. i just, i just plead with my colleagues. and i've got a feeling what we've got here is a lot of staffs who

Christopher Dodd

8:14:13 to 8:14:25( Edit History Discussion )

Christopher Dodd: have gone in to hyperactive mode, insisting on things in the names of their bosses, and i bet their bosses don't even know. and i bet a hr-t of their -- and i bet a lot of their bosses would be a little

Christopher Dodd

8:14:25 to 8:14:37( Edit History Discussion )

Christopher Dodd: embarrassed, frankly, about the insistence that's being made here from their staffs about they've got to have this, they've got to have that, no matter how minor, no matter how insignificant, no

Christopher Dodd

8:14:37 to 8:14:49( Edit History Discussion )

Christopher Dodd: matter how petty. i tell you, it's wearing pretty thin with me. it's wearing real thin with me. i just want to send that message. senator gregg and i have been here for hours. we'll be here hours

Christopher Dodd

8:14:49 to 8:15:12( Edit History Discussion )

Christopher Dodd: more. we were here all day yesterday. let's get serious. if we want to get done, everybody is going to have to have a little better attitude about getting done. i hope people think very carefully

Christopher Dodd

8:15:12 to 8:15:23( Edit History Discussion )

Christopher Dodd: about what iy said. i thank the chair. a senator: mr. president? the presiding officer: theid senator from colorado. mr. allard: what's the regular order? the presiding officer: the senator is

Christopher Dodd

8:15:23 to 8:15:37( Edit History Discussion )

Christopher Dodd: recognized. mr. allard: what is the regular order? the presiding officer: the pending amendment is the conrad-pryor amendment. mr. allard: okay. i move to set aside the pending amendment, and i send

Christopher Dodd

8:15:37 to 8:15:52( Edit History Discussion )

Christopher Dodd: an allard amendment to the desk. the presiding officer: without objection, the clerk will report. mr. allard: mr. president, i ask for the yeas and nays on the allard amendment. the presiding officer:

Christopher Dodd

8:15:52 to 8:16:15( Edit History Discussion )

Christopher Dodd: the clerk has not yet reported the amendment. mr. allard: ofpblgt. the clerk: the senator from colorado, mr. allard, proposes amendment number 4246. the presiding officer: the senator from new hampshire

Christopher Dodd

8:16:15 to 8:16:30( Edit History Discussion )

Christopher Dodd: is recognized. mr. gregg: we have an order we're going through. we will protect your rights to have it voted on. you're actually in the queue to come after senator pryor at this point. so i don't

Christopher Dodd

8:16:30 to 8:16:48( Edit History Discussion )

Christopher Dodd: think you need to ask for the yeas and nays rights now. mr. allard: i thank the senator from new hampshire, and i'll respect those wishes and move right to the debate on the amendment. mr. president, one

Christopher Dodd

8:16:48 to 8:17:12( Edit History Discussion )

Christopher Dodd: of my goals for this debate is to fight what i see is an erosion of fiscal discipline in the budget. i've offered an amendment to fully budget for the war -- i planned on offering an amendment to

Christopher Dodd

8:17:12 to 8:17:23( Edit History Discussion )

Christopher Dodd: fully budget for the war, a war we now are going to pay t for what we are underbudgeting for about $100 billion. i planned on offering an amendment to tighten the requirements on reserve funds so that

Christopher Dodd

8:17:23 to 8:17:36( Edit History Discussion )

Christopher Dodd: they can't be tkpweupl pandemic into adding -- gimmicked into adding billions of dollars. i have offered -- i will plan on offering an amendment tngo tighten the requirements on reserve funds so they

Christopher Dodd

8:17:36 to 8:17:48( Edit History Discussion )

Christopher Dodd: can't be gimmicked into adding billions on spending. i offered an amendment to curb the use of time shifts to allow budgets to falsify, falsely make claims on spending levels when the true fiscal picture

Christopher Dodd

8:17:48 to 8:18:05( Edit History Discussion )

Christopher Dodd: is unchanged. and i had planned on offering an amendment to allow authority to fight medicare waste, fraud, and abuse, to be extended. i'm offering another truth-in-budgeting amendment now. i think

Christopher Dodd

8:18:05 to 8:18:19( Edit History Discussion )

Christopher Dodd: that wei need to work harder too tie what is in this budget with what is actually going to be spent by the united states government. as a component of that work, i want to add an amendment, an amendment

Christopher Dodd

8:18:19 to 8:18:31( Edit History Discussion )

Christopher Dodd: i intend to vote against, an amendment that i think needs tok be a part of this process. that will budget for some of the rhetoric that we are hearing on the campaign trail. three of these amendments

Christopher Dodd

8:18:31 to 8:18:43( Edit History Discussion )

Christopher Dodd: could be offered, but i'm going to do just one. senator obama has offered 188 campaign proposals that would add up to at least $300 billion in new annual spending. that has a five-year cost of more

Christopher Dodd

8:18:43 to 8:19:00( Edit History Discussion )

Christopher Dodd: than $1.4 trillion. t of the 188 new spending proposals, the $300 billion price tag only covers 111 proposals. there are another 77 proposalspo with unknown cost estimates that will add bilddlions

Christopher Dodd

8:19:00 to 8:19:12( Edit History Discussion )

Christopher Dodd: to this number. this new spending, if enacted, would represent an almost 10% increase over the president's budget for fiscal year 2009. to put this in perspective, mr. president, this $300 billion

Christopher Dodd

8:19:12 to 8:19:22( Edit History Discussion )

Christopher Dodd: spending proposals would cost more than 42 states' budgets combined when we look at a their general fund expenditures. it is more than the united states spent last year on imported oil. it is more than

Christopher Dodd

8:19:22 to 8:19:42( Edit History Discussion )

Christopher Dodd: 60% larger than any one-year federal spending increase ever. who will pay for the proposed $300 b$3illion increase in spending? middle-class american taxpayers and small businesses. essmall businesses which

Christopher Dodd

8:19:42 to 8:20:07( Edit History Discussion )

Christopher Dodd: are the engine of growth for our economy. that's who. raising taxes on just the rich simply won't cover. under payr-go budget rules, new spending or tax cuts are paid for by spending cuts or tax hikes.

Christopher Dodd

8:20:07 to 8:20:24( Edit History Discussion )

Christopher Dodd: the c.b.o. budget baseline already incorporates the extra revenue due to higher tax rates. so the end of the bush tax cuts won't pay for the proposed spending and still satisfy our pay-go requirements.

Christopher Dodd

8:20:24 to 8:20:40( Edit History Discussion )

Christopher Dodd: senator obama has promised to pay for his record new spending increases with a tax increase on families making $250,000 and over. however, this increase would only yield $225 billion over five years. now

Christopher Dodd

8:20:40 to 8:21:04( Edit History Discussion )

Christopher Dodd: that's a far cry short of theth $1.4 trillion required under his new spending plan. so we'll need to raise taxes on the middle class and small business or deficit spend. that's the choices we have,

Christopher Dodd

8:21:04 to 8:21:27( Edit History Discussion )

Christopher Dodd: mr. president. according to c.b.o., president clinton's 1993 tax increase raised taxes $240.6 billion over five yea rs. the late senator patrick moynihan called it the largest tax increase in the

Christopher Dodd

8:21:27 to 8:21:46( Edit History Discussion )

Christopher Dodd: history of public finance in the united states or anywhere else in the world. this proposal will increase spending $300 billion in a single year. to finance the first year of this proposed spending,

Christopher Dodd

8:21:46 to 8:22:00( Edit History Discussion )

Christopher Dodd: the $300 billion, congress would need to increase taxes on the top 1% of taxpayers by 57%. under that scenario, taxpayers with incomes over $365,000 would see a tax hike of at least $40rbgz 300 -- of

Christopher Dodd

8:22:00 to 8:22:18( Edit History Discussion )

Christopher Dodd: at least $40,300 on top of what they're currently paying. that is simply not realistic. if congress decides to widen the pool of taxpayers footing the bill it would have to raise taxes on the top 5% by 38%.

Christopher Dodd

8:22:18 to 8:22:32( Edit History Discussion )

Christopher Dodd: it would have to raise the top 10% of taxpayers -- the top 10% of taxpayers would have to raise by 32% or the top 25% by raising their tax rates 26%, or the top 50% of taxpayers by raising their taxpayersye

Christopher Dodd

8:22:32 to 8:22:43( Edit History Discussion )

Christopher Dodd: 23%. the top 50% of american taxpayers who already pay 96.9% of all federal income taxes are those who earn $31,000 at suggested gross income or more. everyone can understand if you have an income

Christopher Dodd

8:22:43 to 8:23:00( Edit History Discussion )

Christopher Dodd: of $104,000 or more, the plan will cause your tax bill to go up at least an additional $5,300 a year. if you have an income of $62,000 or more, the plan will cause your tax bill to go up at least --

Christopher Dodd

8:23:00 to 8:23:14( Edit History Discussion )

Christopher Dodd: at least -- $2,300 a year. this is on to which the $2,300 increase already assumed by the failure to extend the current tax policy that was put in place by this president and a republican congress.~

Christopher Dodd

8:23:14 to 8:23:30( Edit History Discussion )

Christopher Dodd: he also wants to balance a budgetbu and stop spending the social security surplus. if he follows through with thesese promises, it would mean the average taxpayer earning $62,000 would see their

Christopher Dodd

8:23:30 to 8:23:43( Edit History Discussion )

Christopher Dodd: income bill rise by 61% or the average taxpayer arounding $104,000 would see their income bill rise by $12,300 or 74%. the average taxpayer earning $365,000 would see their income bill rise by an

Christopher Dodd

8:23:43 to 8:24:00( Edit History Discussion )

Christopher Dodd: astounding $93,500. this is 132% increase. keep in mind all these tax increases with be on top of the 2003 tax increase on 43 million families who will feel the pirchl with the current tax policy expires.

8:24:00 to 8:24:16( Edit History Discussion )

the tax increase on seniors will experience when the current tax policy expires, and we will see a $4,100 increase on small business who have to pay this amount when the current tabs tax expires. if

Christopher Dodd

8:24:16 to 8:24:30( Edit History Discussion )

Christopher Dodd: such a hike is politically undoable the staggering spending would be added to the federal debt eachbt year. to the tune of over $1.4 trillion overtr five f years. that debt uld be passed along it our

Christopher Dodd

8:24:30 to 8:24:51( Edit History Discussion )

Christopher Dodd: children and grandchildren with interest. i oppose this amendment but i think we need to include these proposals in our budget debate. i would refer and other members refer to this as the obama spend

Christopher Dodd

8:24:51 to 8:25:10( Edit History Discussion )

Christopher Dodd: arama, and it is a huge increase. when you add -- a to pay for that he will have to implement a huge tax increase. now, that's on top of the expiring taxes that we have that will be taking place in

Christopher Dodd

8:25:10 to 8:25:27( Edit History Discussion )

Christopher Dodd: the next two or three years. so, we have a tax increase built into curre nt law that will be compounded by this time of spending plan. my point is that the taxpayers of this country simply cannot afford

Christopher Dodd

8:25:27 to 8:25:48( Edit History Discussion )

Christopher Dodd: this kind of budgeting. their taxes are too high. they're going to be too high in the next two or three years. we will have tax increases when our economymy can least afford it deal with taxal

Christopher Dodd

8:25:48 to 8:26:03( Edit History Discussion )

Christopher Dodd: increases. so, i ask my colleagues to join me in voting against this obama "spend arama" amendment because i think it's the wrong answer. nswe need to have the american people keep their m toney

Christopher Dodd

8:26:03 to 8:26:21( Edit History Discussion )

Christopher Dodd: in their own pocket to spend on their own family needs tofa use in their local communities communities to take care ke of their needs in the communities which they live. sending it to washington

Christopher Dodd

8:26:21 to 8:26:33( Edit History Discussion )

Christopher Dodd: and sending it back into programnt dollars will not do the trick to keep our economy growing and certainly is not what i want it see because i think we're empowering washington. i came t o washington

Christopher Dodd

8:26:33 to 8:26:48( Edit History Discussion )

Christopher Dodd: to make sure we kept power at the states and the family level so i'm proposing this amendment so we can have this debate so we can move forward with this budget policy which we may have to deal with

Christopher Dodd

8:26:48 to 8:27:00( Edit History Discussion )

Christopher Dodd: if, after this particular presidential election. mr. present, i see i have senator byrd here so i will yield the floor so that he cane raise his concerns. the presiding officer: the senator from

Christopher Dodd

8:27:00 to 8:27:13( Edit History Discussion )

Christopher Dodd: north carolina is recognized. mr. burr: i thank my colleague who has introducedden amendmenten and i make it perfectly clear to my colleagues in the united states senate you should not vote for this

Christopher Dodd

8:27:13 to 8:27:32( Edit History Discussion )

Christopher Dodd: amendment. let me say that again: you should not vote forou the allard amendment. the allard amendment reflects the proposals one candidate has made in thede presidential race to in a blanket way

Christopher Dodd

8:27:32 to 8:27:44( Edit History Discussion )

Christopher Dodd: spend $300 billion a year. first year. and we all know that if you have one year of spending up here all you need to do is multiply by how many years you will watch it because you will end up close

Christopher Dodd

8:27:44 to 8:27:55( Edit History Discussion )

Christopher Dodd: to what the total is. if you look over a five-year-period you are looking at a tremendous growth in spending. this may be considered by some an economic stimulus package. i think that's probably the

Christopher Dodd

8:27:55 to 8:28:07( Edit History Discussion )

Christopher Dodd: only way it could be billed, that we will grow the size of the federal government through what they spend. that's not how i envision economic growth. i envision economic growth when you fuel through policies

Christopher Dodd

8:28:07 to 8:28:24( Edit History Discussion )

Christopher Dodd: the commitment by the private sector to invest in bricks and mortars, to create new jobs, to hire our children and grandchildren, to continue to innovate to bring new resources to the matter place to make sure

Christopher Dodd

8:28:24 to 8:28:36( Edit History Discussion )

Christopher Dodd: that the u.s. economy grows. not the u.s. government. i think if the american peopleme wish for anything today they wish we would slash the size of the federal government. they wish we would cut

Christopher Dodd

8:28:36 to 8:28:52( Edit History Discussion )

Christopher Dodd: the number of employees, that we would actually look at the programs the federal governmentnm has that we funded and many times we created, that don't work today and actually either fix them and make them

Christopher Dodd

8:28:52 to 8:29:06( Edit History Discussion )

Christopher Dodd: work for the american people or get rid ofof them. but, no, in typical fashion, we every election year go out and say the government's broken, n, this doesn't work, that doesn't work, so create new programs.s.

Christopher Dodd

8:29:06 to 8:29:19( Edit History Discussion )

Christopher Dodd: let's not fix what is there, maybe some day they will go away and the spending files up and up and up. so there is a big difference as we go into this budget debate and election year. the question

Christopher Dodd

8:29:19 to 8:29:33( Edit History Discussion )

Christopher Dodd: is, a ire you going to ask the private sector to fuel the economic growth? are you goingar to ask the private sector to invest in bricks and mortars? or let the federal government doo it? our track record

Christopher Dodd

8:29:33 to 8:29:49( Edit History Discussion )

Christopher Dodd: in the federal government is not too good. senator obama's $300 billion b spending proposal in one year would cost more than 42 budgets combined. 42 o.f the states in this country, in total, have

Christopher Dodd

8:29:49 to 8:30:07( Edit History Discussion )

Christopher Dodd: a smaller budget thaudn the $300 billion senator obama is proposing to spend in the first year of his administration. quite frankly, who will pay for thee $300 billion increase in the size of the federal

Christopher Dodd

8:30:07 to 8:30:24( Edit History Discussion )

Christopher Dodd: government, the spending of the federal government? the number of employees in the federal government? the american people will. the middle class will. i thank my colleague from come -- i think my

Christopher Dodd

8:30:24 to 8:30:46( Edit History Discussion )

Christopher Dodd: colleague from colorado said it well. even though the rhetoric says we will target those people at just the top of the income level, congress would need to increase taxes on the top 1% of taxpayers

Christopher Dodd

8:30:46 to 8:31:01( Edit History Discussion )

Christopher Dodd: 57% which would be a $40,000 increase if you wanted tote try to raise it just on the backs of the wealthieest or the highest taxpayers. in all likelihood the average taxpayers earning $62,000 a year would

Christopher Dodd

8:31:01 to 8:31:20( Edit History Discussion )

Christopher Dodd: see their income tax rise $5,300 or 61%. that's how low you would have to go on the taxable scale to be able to raise the money that you need to fund $300 billion increase in the federal government.

John Ensign

8:31:20 to 8:31:34( Edit History Discussion )

John Ensign: let me put things in perspective. c.b.o. said that president clinton in 1993 raised taxes in this country $240.6 bil0.lion over five years. the late senator moynihan from new york called it the large

John Ensign

8:31:20 to 8:33:44( Edit History Discussion )
Speech By: John Ensign

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