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Senate Proceeding on Apr 23rd, 2009 :: 7:13:25 to 7:25:55
Total video length: 12 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Jeff Sessions

7:13:22 to 7:13:43( Edit History Discussion )

Jeff Sessions: the senate, and for the seriousness of purpose that you've brought to the task. the presiding officer: the senator from mr. sessions: well, i would agree with chairman conrad that senator wyden has really worked hard on this, and he's raising some important issues. i'm very worried about where

Jeff Sessions

7:13:25 to 7:25:55( Edit History Discussion )
Speech By: Jeff Sessions

Jeff Sessions

7:13:44 to 7:14:05( Edit History Discussion )

Jeff Sessions: may be heading in the realm of health care. and i've been impressed with senator wyden's efforts to create something that could result in bipartisan agreement. i just don't know where we're headed. but i respect him greatly for his efforts. madam president, the budget

Jeff Sessions

7:14:06 to 7:14:28( Edit History Discussion )

Jeff Sessions: resolution is on the and i believe that we ought to talk about it and be honest with ourselves about it. i know it passed in this senate. i don't think any republicans voted for it, maybe a couple democrats voted against it. but it passed with extra votes to spare.

Jeff Sessions

7:14:29 to 7:14:50( Edit History Discussion )

Jeff Sessions: i would say and i hope to say it but i repeat are i have said before i believe this is the most irresponsible budget in the history of this republi it surges debt to a degree to which we've never seen before not because it assumes we're going to be in long-term

Jeff Sessions

7:14:51 to 7:15:12( Edit History Discussion )

Jeff Sessions: economic turmoil, or assume we will have economic growth roaring back in a year or two with revenues surgeoning into the government -- surging into the government. the debt and deficit is a direct result of massive spending, massive spending, an alteration,

Jeff Sessions

7:15:13 to 7:15:33( Edit History Discussion )

Jeff Sessions: i believe, byll appear historic concept that americans have of limited government, lower taxes, and a vibrant private sector. and we've always objected to the europeans and their most socialist model. we've consistently year after year had greater growth than

Jeff Sessions

7:15:34 to 7:15:55( Edit History Discussion )

Jeff Sessions: they have had, lower unemployment than they have had, and we've been proud of course, both our europe and the united states is in trouble today but i was when the european leaders told our president and our secretary of the treasury that, no, they were not going to spend like the

Jeff Sessions

7:15:56 to 7:16:16( Edit History Discussion )

Jeff Sessions: united states; no, they believed and they were not going to follow us and the president of the european union said our financial proposals were the road to held. that's what he let me share a few we get started in the specifics of the m will call up.

Jeff Sessions

7:16:17 to 7:16:38( Edit History Discussion )

Jeff Sessions: this is what the president's budget called for. he and -- this is let me add, that he was forced to do. this budget represents the president, the administration's

Jeff Sessions

7:16:39 to 7:17:01( Edit History Discussion )

Jeff Sessions: and now i guess this senate's fundamental thought we need to end, spend, spend more than we ever have in history and the debt not be too much worried about. so under the present affairs, 2008, the debt of the united states from the founding of the republic over 200 years

Jeff Sessions

7:17:02 to 7:17:22( Edit History Discussion )

Jeff Sessions: total money. we pay on that interest in 2008. that's how much interest we paid. we spent $100 billion in education, $40 billion on highways. this year we paid $170 billion on interest on

Jeff Sessions

7:17:23 to 7:17:44( Edit History Discussion )

Jeff Sessions: but within five years, according to the president's own budget numbers -- i didn't make this up; this was the congressional budget office and the president's own numbers -- it will double that debt to $11.8 trillion in five years and in 10 years, the debt will triple to

Jeff Sessions

7:17:45 to 7:18:06( Edit History Discussion )

Jeff Sessions: $17.3 trillion. and how much interest in 10 years from now will the young people who are coming out of school today and beginning to wo, how much interest will they be required to pay on that? not to our own congressional budget office that scored carefully and they're really

Jeff Sessions

7:18:07 to 7:18:27( Edit History Discussion )

Jeff Sessions: under the control of the democric majority but they are a nonpartisan group and i respect what they do, they calculate we'll pay $806 billion in interest, eight times what we are spending today on the education expenditures of the federal government and many

Jeff Sessions

7:18:28 to 7:18:50( Edit History Discussion )

Jeff Sessions: times the $40 billion we spend on highways this year. so i just stunning i am worried about it. i think every american should be worried about it. are those projections off base? i had the numbers, they just released the nbers for this year. i rembered last year was the

Jeff Sessions

7:18:51 to 7:19:11( Edit History Discussion )

Jeff Sessions: biggest deficit this nation has had billion. big debt. we need to be working annual deficit, one-year debt, done. debt -- debt, down. in october, the first month, we hit $134 billion.

Jeff Sessions

7:19:12 to 7:19:32( Edit History Discussion )

Jeff Sessions: by january, four months, we were at $563 billion this fiscal year. that's this fiscal year. and by january of this year in four months, $563 billion in deficit represents the largest deficit in the founding since world war ii.

Jeff Sessions

7:19:33 to 7:19:53( Edit History Discussion )

Jeff Sessions: and of the year at six months, through march, it's now $953 billion already twice what last year's so we are on track this

Jeff Sessions

7:19:54 to 7:20:15( Edit History Discussion )

Jeff Sessions: see an annual deficit of $1.8 or $1.9 trillion. that is unbelievable. and i would ask you, does it get better? not under the president's budget. under the president's budget and the outyears the numbers continue to go up and in the 10 the year his budget projects a

Jeff Sessions

7:20:16 to 7:20:36( Edit History Discussion )

Jeff Sessions: deficit of $1.2 trillion and over 10 years his budget deficits will average over $900 billion each year. and, again, this is not projected a war, a decline in defense spending for military activities around the globe.

Jeff Sessions

7:20:37 to 7:20:59( Edit History Discussion )

Jeff Sessions: it is projeing solid, even robust economic growth. the deficits are caused by spending. i'm so disappointed we haven't done a better job of it. i know the senate budget is a five-year budget. that's what they think to look a little better than the president's ten-year according to the staff, the

Jeff Sessions

7:21:00 to 7:21:23( Edit History Discussion )

Jeff Sessions: republican staff, they did an analysis of it and it is essentially the same over the first five years and mr. orszag, the president's office of management and budget who used to be the said publicly that it was 98% of what the president wanted, here in the senate.

Jeff Sessions

7:21:24 to 7:21:45( Edit History Discussion )

Jeff Sessions: this chart shows it is in discretionary outlays is 98.8% identical to the president's five 96.6%. the revenue they project 99.8% identical. what can we do about there are a lot of things we can do.

Jeff Sessions

7:21:46 to 7:22:07( Edit History Discussion )

Jeff Sessions: the most difficult and our chairman, senator conrad, and senator gregg have made steps toward prices -- crisis in entitlements which are growing at a rapid pace and we have to do something about it. this budget assumes no reform of entitlements whatever but maybe

Jeff Sessions

7:22:08 to 7:22:30( Edit History Discussion )

Jeff Sessions: something happen. i'd leak t like to see us project some savings in that. the motion to instruct that i have filed and at some point we will be voting on would say that establish some sense of fiscal responsibility by containg the

Jeff Sessions

7:22:31 to 7:22:52( Edit History Discussion )

Jeff Sessions: growth in d non-defense non-veteran spending. this can be done. it's particularly easy to do so this because we just, a few months ago -- few weeks ago, really -- passed an $800 stimulus package

Jeff Sessions

7:22:53 to 7:23:13( Edit History Discussion )

Jeff Sessions: on top of our base package so i would have thought when we did our baseline budget this year that knowing this we had just pumped in $800 billion to try to stimulate the economy that we would have a frugal baseline budget. not so. it shows, according to the

Jeff Sessions

7:23:14 to 7:23:35( Edit History Discussion )

Jeff Sessions: budget on the floor, i believe, it is still a 7% increase in baseline discretionary nondense spending. most of you know the rule of seven, 7% growth rate doubles your money proposal puts us on a track to

Jeff Sessions

7:23:36 to 7:23:56( Edit History Discussion )

Jeff Sessions: double the spending for discretionary non-defense spending in 10 years. it's not sustainable track. so i propose this: in this stimulus package, the largest single appropriation of money in the history of america, that we just

Jeff Sessions

7:23:57 to 7:24:17( Edit History Discussion )

Jeff Sessions: going to the debt, we already are in debt, all $800 billion of it has to be borrowed so we spen it and if light ought to be able to keep the baseline budget flat for two years and show a modest increase of 1% over the next three years. this will make a diffence.

Jeff Sessions

7:24:18 to 7:24:41( Edit History Discussion )

Jeff Sessions: it will save us $173 billion. it will give us, it will start us on baseline spending level for this country at a more frugal rate. most states are having to cut.

Jeff Sessions

7:24:42 to 7:25:03( Edit History Discussion )

Jeff Sessions: reductions, 3%, 4%, 5%, some more than that. they are not disappearing from the face of the earth. it's not impossible to cut spending. but this doesn't probably any cut. it proses two years of flat. but, rember, we are just $800 billion on top of it. and then for three years, just a 1% increase.

Jeff Sessions

7:25:04 to 7:25:26( Edit History Discussion )

Jeff Sessions: this will make a and over ten, 15 years it will have a bigger impact than we might think. so i would urchl my colleagues to consider -- so i would urge my colleagues to consider this. we ought to show some restraint. everybody is saying, we will worry about that tomorrow. we got a crisis today.

Jeff Sessions

7:25:27 to 7:25:48( Edit History Discussion )

Jeff Sessions: and we're just going to spend today. and we'll just have -- just worry about the debt later. but it's time for us to stand up and be i think that my amendment is modest. i think it's responsible. but i think it's significant. i urge my colleagues to consider

Jeff Sessions

7:25:49 to 7:25:56( Edit History Discussion )

Jeff Sessions: this motion to i appreciate the opportu speak on it. i appreciate those who worked on this budget.

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