Video archive of the US Congress

Senate Proceeding on May 5th, 2011 :: 0:02:50 to 0:07:30
Total video length: 7 hours 14 minutes Stream Tools: Stream Overview | Edit Time

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Mitch McConnell

0:02:32 to 0:02:54( Edit History Discussion )

Mitch McConnell: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorablebenjamin cardin, a senator from the state of maryland, to perform the duties of the chair. signed: daniel k. inouye, president pro tempore. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: mr. president, normally in opening, the majority leader goes first, but he and i have never viewed this

Mitch McConnell

0:02:50 to 0:07:30( Edit History Discussion )
Speech By: Mitch McConnell

Mitch McConnell

0:02:55 to 0:03:15( Edit History Discussion )

Mitch McConnell: as a contentious process. so since he is not here yet, i will go ahead with my statement. the presiding officer: the republican leader is recognized. mr. mcconnell: when it comes to the state of our economy, the american people have seen enough choreographed rallies on factory floors and speeches that sound good but lead to nothing. after two years of chronic joblessness, they want results.

Mitch McConnell

0:03:16 to 0:03:37( Edit History Discussion )

Mitch McConnell: and that's why we've seen a growing consensus in washington over the past few weeks that something serious must be done about our nation's debt. even democrats now admit that failing to bring down the debt would be far more damaging to our nation's economy in the long run than failing to raise the debt ceiling. the situation has been described as the most predictable crisis

Mitch McConnell

0:03:38 to 0:03:58( Edit History Discussion )

Mitch McConnell: in american history. people on both sides of the aisle now realize that the warning bells are too loud to ignore, and last month president obama himself made a crucial admission. in a sign that he too is starting to worry about the prospects of inaction, the president said that failing to produce a serious plan for

Mitch McConnell

0:03:59 to 0:04:19( Edit History Discussion )

Mitch McConnell: tackling the deficit and debt could be a bigger drag on the economy than anything else. so more and more people see the problem. now the challenge is achieving a result. that's why i've proposed a few basic principles yesterday that i believe could guide us to success. this morning i want to reiterate those principles ahead of the

Mitch McConnell

0:04:20 to 0:04:41( Edit History Discussion )

Mitch McConnell: meeting at the blair house. by setting out clear principles up front we're far more likely to actually get somewhere and to prevent the crisis before it strikes. first, it's time for our friends on the other side to stopl pitting one tkpwraoufp -- stop pitting one group of americans against another. solving this crisis will require all of us working together so

Mitch McConnell

0:04:42 to 0:05:02( Edit History Discussion )

Mitch McConnell: why don't we start acting like it? second, the level of spending the democrats want to maintain isn't impossible without raising taxes on the middle class, which we know isn't going to happen. we're only going to solve this crisis by admit -gs up front that we have a spending problem. third, entitlements need to be a part of the discussion, so let's drop the scare tactics and work

Mitch McConnell

0:05:03 to 0:05:23( Edit History Discussion )

Mitch McConnell: together on reform. nobody is talking about taking anyone's medicare. fourth, raising taxes is the last thing we should be doing in the middle of a recession. what's more, a bipartisan majority right here in the stphapt -- in the senate oppose raising taxes. let's find common ground instead.

Mitch McConnell

0:05:24 to 0:05:45( Edit History Discussion )

Mitch McConnell: if we recognize these things, we can avert this crisis. if we don't, we won't. and i assure you, we'll all answer for it. very few people saw the last crisis coming. this one, on the other hand, is clear as day. failing to work together in good faith on a solution would be completely indefensible. everyone agrees this is a crisis. more people, including the president, agree that failing to

Mitch McConnell

0:05:46 to 0:06:06( Edit History Discussion )

Mitch McConnell: address it would be disastrous for jobs and the economy. and everyone knows the upcoming debt limit vote is the best opportunity we are going to have to do something about it. so what are we waiting for? doing something meaningful about the debt is the centerpiece of any serious jobs agenda in washington. other things will help on that front, and the president made a

Mitch McConnell

0:06:07 to 0:06:27( Edit History Discussion )

Mitch McConnell: small but important step in that right direction yesterday by announcing he was ready to begin talks on a free trade agreement with colombia, something we've been calling for him to do for years. ratifying this agreement along with other agreements with south korea and panama will open up markets to u.s. goods and create thousands of jobs. that was just one of the ideas

Mitch McConnell

0:06:28 to 0:06:49( Edit History Discussion )

Mitch McConnell: republicans included in a comprehensive jobs agenda we release this had week, an agenda in a focuses on expanding opportunity, lowering costs and clearing bureaucratic obstacles. if we can't get spending under control, we'll never get the economy moving. if the economy doesn't grow, we

Mitch McConnell

0:06:50 to 0:07:11( Edit History Discussion )

Mitch McConnell: won't be able to reduce our deficits and our debt. and if we don't reduce our massive federal debt, we face a crisis that makes the financial panic of 2008 look like a slow day on wall street. so this debate couldn't be more important to our near-term and long-term fiscal health. everyone has a stake in the debate. if we face up to it like adults,

Mitch McConnell

0:07:12 to 0:07:31( Edit History Discussion )

Mitch McConnell: we'll not only prevent this most predictable crisis, we'll help preserve our way of life. and the best part is no one side will be able to claim the credit. this is the we cannot let it pass. mr. president, i yield the fl the presiding officer: the majority leader is recognized.

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