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Senate Proceeding on May 10th, 2011 :: 0:54:20 to 1:15:00
Total video length: 2 hours 36 minutes Stream Tools: Stream Overview | Edit Time

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Jeff Sessions

0:54:16 to 0:54:36( Edit History Discussion )

Jeff Sessions: senator from alabama. mr. sessions: i thank my colleague from oklahoma for his leadership on the environment and public works committee, and i'm pleased to be back on that committee with him and share very much the substance of his views about the need to produce more american oil and gas, and it keeps money in the united states, creates jobs in the

Jeff Sessions

0:54:20 to 1:15:00( Edit History Discussion )
Speech By: Jeff Sessions

Jeff Sessions

0:54:37 to 0:54:58( Edit History Discussion )

Jeff Sessions: united states, creates tax revenue for the united states. offshore oil and gas in our gulf produces billions of dollars for states and the federal government. why we would want to produce oil and gas off of brazil and not produce it off our shore, i don't know, but i thank my colleague for that. madam president, i -- i just

Jeff Sessions

0:54:59 to 0:55:20( Edit History Discussion )

Jeff Sessions: want to make a few remarks about the budget circumstances in which we find ourselves. yesterday, we learned that the white house, the president scheduled two summit meetings on the budget this week. the president will meet with senate democrats on wednesday

Jeff Sessions

0:55:21 to 0:55:42( Edit History Discussion )

Jeff Sessions: and republicans on thursday. by calling this summit, it would seem that the president has effectively canceled this week's planned unveiling of a democratic budget, senate budget in the senate budget committee that was planned earlier, actually. first, it was going to be monday, then tuesday, then wednesday.

Jeff Sessions

0:55:43 to 0:56:04( Edit History Discussion )

Jeff Sessions: it looks like maybe it won't be held this week at all. it might be. senator conrad could do that somehow with be this event occurring, but may not. regardless of this new discussion period, it's my

Jeff Sessions

0:56:05 to 0:56:26( Edit History Discussion )

Jeff Sessions: expectation and belief that the american people should be given a senate budget plan, so the -- they it can be examined and we can know what's in it and see what it's about. the american public deserves to

Jeff Sessions

0:56:27 to 0:56:47( Edit History Discussion )

Jeff Sessions: know where our elected leaders stand. i have -- i hate to say we have gone 700-plus days -- maybe 740 now, without a budget for the united states of america. during a time of the greatest systemic debt situation we have

Jeff Sessions

0:56:48 to 0:57:09( Edit History Discussion )

Jeff Sessions: ever faced. we have -- we will have double the debt of the united states i believe by next year in four years. we'll add $13 trillion to the debt over the ten years presented by the president, president obama's budget that he sent to us some time ago. and there have been all kinds of

Jeff Sessions

0:57:10 to 0:57:33( Edit History Discussion )

Jeff Sessions: discussions and talks and a lot of speeches. the president created a fiscal commission, and they came forward with a serious proposal that was worthy of real insight and study. they spent a lot of time on it. did not go far enough, in my opinion, to reduce our surging

Jeff Sessions

0:57:34 to 0:57:56( Edit History Discussion )

Jeff Sessions: growth in spending, but it made made -- it was intellectually honest and it offered us some very real suggestions about how we could do better. then we started hearing that after the president's budget was submitted and it was received

Jeff Sessions

0:57:57 to 0:58:18( Edit History Discussion )

Jeff Sessions: very badly, in fact, it was not helpful at all but actually made the debt trajectory that we are on worse, we had a gang of six senators who tried to work together to establish a budget plan that might work for us. they met in secret and had these ideas, and -- and i was

Jeff Sessions

0:58:19 to 0:58:41( Edit History Discussion )

Jeff Sessions: interested in what they had to say, but somehow that seems to have gone on the back burner. then we had vice president biden, he is going to lead a discussion with house and senate republicans and democrats, and he's going to work out something. and now just yesterday, we had the president is going to have another meeting at the white house and talk to us. i hope it's not like the one in

Jeff Sessions

0:58:42 to 0:59:05( Edit History Discussion )

Jeff Sessions: which he invited the house budget chairman paul ryan and criticized him sitting right there in front of him for producing what i think is a historic budget that would put us on a sound path, if followed. so i -- here we are.

Jeff Sessions

0:59:06 to 0:59:28( Edit History Discussion )

Jeff Sessions: we have not gotten a plan or a commitment as to what this administration intends to advocate for. they submitted their budget. it was alleged to have reduced the deficit by $2 trillion, but when the congressional budget office, our objective analysts,

Jeff Sessions

0:59:29 to 0:59:49( Edit History Discussion )

Jeff Sessions: took the document that they submitted and stated it in detail, they concluded it would add $2 trillion. in other words, it would create more debt over the next ten years by $2 trillion than was projected to accrue without the budget. that's not what financial experts are telling us.

Jeff Sessions

0:59:50 to 1:00:12( Edit History Discussion )

Jeff Sessions: that's not what economists and professors are telling us we need to do. it's unacceptable. that budget was criticize and we hadn't heard much about it. well, the president for a week or so tried to propose that it would reduce -- it would have us live within our means and help

Jeff Sessions

1:00:13 to 1:00:33( Edit History Discussion )

Jeff Sessions: pay down the debt. and according to the congressional budget office the lowest deficit in 10 years would be over 00 billion. -- $700 billion. and the president said this was going to have us living within our means? so apparently desiring to back

Jeff Sessions

1:00:34 to 1:00:54( Edit History Discussion )

Jeff Sessions: off that, the president made a speech and he said he's now going to save $4 trillion. and the budget staff, i'm ranking republican on the budget committee, we looked at the speech and took what he said and we noticed a couple of things. we noticed that he had moved the

Jeff Sessions

1:00:55 to 1:01:16( Edit History Discussion )

Jeff Sessions: period from 10 years to 12 years and that would save -- that made the numbers look a lot better compared to a 10-year savings plan. you save a little bit each year and you go 12 years and it looks better than 10 and everybody was talking about 10. it's kind of a little gimmick,

Jeff Sessions

1:01:17 to 1:01:37( Edit History Discussion )

Jeff Sessions: you see, to medicare numbers look -- to medicare numbers -- make your numbers look better. and they took credit for every dollar that was saved when the republican house negotiated with the senate and with the c.r. reduce spen about $12 billion -- $29 billion

Jeff Sessions

1:01:38 to 1:01:59( Edit History Discussion )

Jeff Sessions: a year. they took credit for that and that was about $2.9 trillion of the savings. the net result is that it was not any different, really, than the budget plan he had proposed except it took credit for the house reduction in spending which should not be done since the budget is for the future and

Jeff Sessions

1:02:00 to 1:02:21( Edit History Discussion )

Jeff Sessions: the house savings take place this year and, secondly, it was 12 years. so i have to say the house republicans stood up and they

Jeff Sessions

1:02:22 to 1:02:42( Edit History Discussion )

Jeff Sessions: faced the american people and they revealed in advance the core of their plan. i attended one press conference in which paul ryan announced the budget that he was moving forward with. he had a series of press briefings. he basically said, this is my

Jeff Sessions

1:02:43 to 1:03:03( Edit History Discussion )

Jeff Sessions: plan and i'm ready to hear any exceptions you have to it and i'm prepared to answer your questions and i'm prepared to defend what it is that we've done. honest, direct, responsible approach and he dealt with the long-term financial threats to america as well as the immediate and the numbers that he proposed

Jeff Sessions

1:03:04 to 1:03:25( Edit History Discussion )

Jeff Sessions: get us to a.where we can perhaps -- to a point where we can perhaps -- so we can certainly say we're not on the same debt trajectory that put us at such great risk. i believe it's probably the most serious effort that i've seen in the 14 years i've been in the senate to address the significant fiscal challenges that we face.

Jeff Sessions

1:03:26 to 1:03:46( Edit History Discussion )

Jeff Sessions: see, we face not only a short-term problem, but we face a long-term systemic problem. we've got an aging population, people drawing more social security for longer periods and medicare for longer periods. we've got our entitlement programs and we've been extraordinarily. and so all of that has got to be

Jeff Sessions

1:03:47 to 1:04:07( Edit History Discussion )

Jeff Sessions: a part of our discussion about how to put this country on a sound path. and every expert that we've had, republicans and democrats, have testified before the budget committee and senator conrad, our democratic chairman, has done a good job in calling good witnesses who have told us the truth about the grim

Jeff Sessions

1:04:08 to 1:04:28( Edit History Discussion )

Jeff Sessions: circumstances under which we find ourselves. and they've told us, if you don't act, we could have a debt crisis. they told us that the debt we've already accrued and continues to increase, that that debt is right now pulling down our economy.

Jeff Sessions

1:04:29 to 1:04:51( Edit History Discussion )

Jeff Sessions: our growth is not what it would be had we not incurred this much debt. this is pretty uncontradicted. when i asked secretary treasury geithner about that, he agreed with a rogoff, rien hart study

Jeff Sessions

1:04:52 to 1:05:14( Edit History Discussion )

Jeff Sessions: when your debt reaches 90% of g.d.p., it pulls down economic growth 1%. secretary geithner said, yes, that's an excellent study. i would add one more thing, when you get that much debt, you run the risk of having a debt crisis that could throw us back into some sort of recession or financial problem that we've had. that's president obama's secretary of treasury.

Jeff Sessions

1:05:15 to 1:05:36( Edit History Discussion )

Jeff Sessions: so we know we've got a serious problem and we need to do something about it. so the president submitted a budget. it's basically been rejected. i can't imagine that the senate would bring it forward as the senate democratic budget. the house of representatives in accordance with the law and the time frames of the budget act

Jeff Sessions

1:05:37 to 1:05:57( Edit History Discussion )

Jeff Sessions: have produced a budget. publicly stated it before they voted on it and have defended it since and now we haven't had one in the senate. the senate by law should have produced its budget and started its markup six weeks ago. the law says we're supposed to

Jeff Sessions

1:05:58 to 1:06:21( Edit History Discussion )

Jeff Sessions: have passed a budget by april 15th, tack day. we tax day. we haven't even begun to mark it up. it was supposed to have begun this week on monday and we've not started. and people are politically

Jeff Sessions

1:06:22 to 1:06:46( Edit History Discussion )

Jeff Sessions: attempting to explain democratic spinmasters are attempting to explain what it's all about. why are we doing these things? why hasn't a real budget been produced? they say republicans are divided. oh, you've got tea party people and the republicans are all divided. the republicans have passed a budget in the republican house.

Jeff Sessions

1:06:47 to 1:07:10( Edit History Discussion )

Jeff Sessions: where is the democratic senate? who's divided? why can't they produce a document? why do we have to have the vice president here and the president having meetings here and the president giving speeches here? why don't we see a real budget that the american people can see in advance and be able to evaluate and senators have to

Jeff Sessions

1:07:11 to 1:07:31( Edit History Discussion )

Jeff Sessions: st up, as we're paid to do, and cast votes for or against it. i really think that's what we need to be doing here. i don't agree with the fact that the president is leading. i wish i could say that. maybe he'll surprise us

Jeff Sessions

1:07:32 to 1:07:52( Edit History Discussion )

Jeff Sessions: thursday, i hope so, with something. but i don't sense any leadership at all. because the budget he produced will not do the job and that's the only one that we have in the senate, i guess, at this point. indeed, mr. erskine bowles, the man he chose to head his debt commission said that the

Jeff Sessions

1:07:53 to 1:08:16( Edit History Discussion )

Jeff Sessions: president's budget came nowhere close -- nowhere near doing what's necessary -- actually what he said was that the present budget comes nowhere

Jeff Sessions

1:08:17 to 1:08:40( Edit History Discussion )

Jeff Sessions: near doing what's necessary to avoid our fiscal nightmare. nowhere near. -- nowhere near doing that. so i'm wondering what's happening here. the american people get it. they sent a message in the

Jeff Sessions

1:08:41 to 1:09:02( Edit History Discussion )

Jeff Sessions: election in november. sent 64 new members to the house of representatives. almost every -- every single one of them promised to do something about reckless spending in washington. and what about this budget that the president has submitted to us? it's the on-line one, i guess -- it's the only one i guess we

Jeff Sessions

1:09:03 to 1:09:24( Edit History Discussion )

Jeff Sessions: have in the senate. the senate democratic leadership hasn't presented one, it called for a 10.5% increase in education, 10.5% increase in the state department budget, 62% increase in the transportation budget. well, we don't have the money.

Jeff Sessions

1:09:25 to 1:09:45( Edit History Discussion )

Jeff Sessions: 40 cents of every dollar we spend today is borrowed. it cannot be continued. we are on an unsustainable path. the american people know it. every expert has told us. we know it. where are our leaders in the senate? senator conrad apparently made a

Jeff Sessions

1:09:46 to 1:10:06( Edit History Discussion )

Jeff Sessions: presentation of his budget. the republicans have asked senator conrad to present it to us 72 hours before the committee meets. he said he's not going to do that. he made a presentation to the democratic conference and apparently it didn't go well. senator conrad must have proposed -- apparently did propose reducing spending more

Jeff Sessions

1:10:07 to 1:10:28( Edit History Discussion )

Jeff Sessions: than they like to hear. the democratic leader, mr. reid, senator reid was sort of critical, actually. he said, well, it's a nice bunch of charts. obviously he wasn't happy. so what are we going to have? when are we going to seeing? we're going to go another 800 days we're not going to have a budget this year?

Jeff Sessions

1:10:29 to 1:10:49( Edit History Discussion )

Jeff Sessions: the way things should work is this: the senate should come forward -- the democratic senate. they have the majority. you pass the budget with a simple majority. let's propose a budget that -- that hopefully would get bipartisan support. if not, you stand up and say what you believe in and how this

Jeff Sessions

1:10:50 to 1:11:10( Edit History Discussion )

Jeff Sessions: budget reflects your vision for america. the then you go to conference committee after it comes to the floor and is voted on, goes to the conference committee, and differences are worked out. it comes back and you have to vote on the final passage on an agreed-upon budget. we have to have a budget.

Jeff Sessions

1:11:11 to 1:11:33( Edit History Discussion )

Jeff Sessions: it's time for this country to begin to reverse the reckless trend we are on. because we are placing our nation at risk. mr. bowles and senator alan simpson, when they testified

Jeff Sessions

1:11:34 to 1:11:55( Edit History Discussion )

Jeff Sessions: before the budget committee, warned us that we have to do something significant. in their written estimate that they both signed, they said, we are facing the most predictable economic crisis in our history. when asked when that could occur, mr. bowles said two years maybe.

Jeff Sessions

1:11:56 to 1:12:17( Edit History Discussion )

Jeff Sessions: alan simpson said, i think maybe one. not when our grandchildren -- i'm talking about now. so i guess what i would just say, madam president, i think it's time for us to go back to regular order. we're trying a lot of different things to confront this crisis we face.

Jeff Sessions

1:12:18 to 1:12:38( Edit History Discussion )

Jeff Sessions: it seems to me that our leadership in the senate is desperately seeking to avoid having to do the responsible thing. and that's to stand up and produce a budget. if you aren't prepared to stand before the american people and tell how you think the country ought to be run and where the money ought to be spent and how

Jeff Sessions

1:12:39 to 1:12:59( Edit History Discussion )

Jeff Sessions: much ought to be collected, then you're not leading, it seems to me. and i'm very disappointed in the president's leadership. he's been roundly criticized because the only proposal he has sent to us is irresponsible. it in no way comes close, as mr. bowles said, to doing what's

Jeff Sessions

1:13:00 to 1:13:20( Edit History Discussion )

Jeff Sessions: necessary to avoid our fiscal nightmare. and that's the path we are headed to. it is not a matter of dispute. we will not reach 10, 15 years down the road spending like we are because we'll have a catastrophe before then.

Jeff Sessions

1:13:21 to 1:13:42( Edit History Discussion )

Jeff Sessions: allen greenspan, the former head of the federal reserve, said he thought that maybe some sort of compromise would be reached that would be good for the country. the only question, he said, was whether it would be before or after a debt crisis occurs. this was a few weeks ago. alan greenspan saying this.

Jeff Sessions

1:13:43 to 1:14:05( Edit History Discussion )

Jeff Sessions: it's a challenge to us. and it's a challenge to the leadership in this senate to come before the american people and produce their plan and seek support here on the floor of the senate and let's debate it. let's have amendments offered. let's go to conference.

Jeff Sessions

1:14:06 to 1:14:28( Edit History Discussion )

Jeff Sessions: and somehow, some way hammer out a budget that will put this country on a better path. we have no other choice. it's our defining moment for this congress. we have no other higher duty than to confront the dangerous fiscal path we are on. i thank the chair and would

Jeff Sessions

1:14:33 to 1:14:53( Edit History Discussion )

Jeff Sessions: yield mr. pr the presiding officer: the senator from arkansas. mr. pryor: i will speak here in morning business for 10 minutes or less. thank you very much, madam chairman. let me just talk about a couple of things this morning. first, i want to talk about something my going through since mid march

Jeff Sessions

1:14:54 to 1:15:01( Edit History Discussion )

Jeff Sessions: and has continued to present day, and that is we have been batt winds, and now flooding.

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