Video archive of the US Congress

Senate Proceeding 05-21-09 on May 21st, 2009 :: 2:09:45 to 2:14:05
Total video length: 9 hours 19 minutes Stream Tools: Stream Overview | Edit Time

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Jim DeMint

2:09:42 to 2:10:03( Edit History Discussion )

Jim DeMint: yields time? the presiding officer: if no one yields time, equally charged to both the presiding officer: the senator from south carolina recogned. mr. demint: i was objected to that, i was allowed four minutes and the other side is not showing up.

Jim DeMint

2:09:45 to 2:14:05( Edit History Discussion )
Speech By: Jim DeMint

Jim DeMint

2:10:04 to 2:10:29( Edit History Discussion )

Jim DeMint: i don't think it's right to take my four minutes. if the other side would like to yelled back i would be glad to clos absence of a quorum.

Jim DeMint

2:10:41 to 2:11:01( Edit History Discussion )

Jim DeMint: and i reserve my the presiding offi senator puts in a quorum call, the time will be charged to absent mr. demint: i ask call be suspended and i will go ahead and speak. the presiding officer: the senator from south carolina is recognized.

Jim DeMint

2:11:02 to 2:11:22( Edit History Discussion )

Jim DeMint: mr. demint: thank you, mr. president. i appreciate the comments we haveeard today and i want to make it clear we're in the trying to minimize or change our commitment to the i.m.f. at all. we are already committed for about $65 billion. we're the largest contributor to the i.m.f. and that will continue.

Jim DeMint

2:11:23 to 2:11:43( Edit History Discussion )

Jim DeMint: what i am opposing is a massive increase in our commitment of $108 billion at a time this country can't afford it. we've also heard this is if the really any spending. there's no money coming out of our treasury. if that were true we wouldn't need to ask for it and it

Jim DeMint

2:11:44 to 2:12:06( Edit History Discussion )

Jim DeMint: if that were true it could be $200 billion or $300 billion and it still would not cost. this is political speak here in washington. we're giving a credit line to an international acknowledginternational agency where they can take $108 billion more than they already have,

Jim DeMint

2:12:07 to 2:12:27( Edit History Discussion )

Jim DeMint: in addition to the $65 billion we have committed to the agency to use in a way they would like. i object to this because i've got who can't get a loan, a small loan from a bank that has taken federal money. they can't continue their business when, because the bank

Jim DeMint

2:12:28 to 2:12:50( Edit History Discussion )

Jim DeMint: says these are "difficult economic times," and that's a high risk so we're going to take $100 billion and give it to countries that are high risk because supposedly that helps our economy. folks, enough is enough. we spent more then we can pay back already. it is wrong to attach this type of spending to a bill that

Jim DeMint

2:12:51 to 2:13:13( Edit History Discussion )

Jim DeMint: supports our this should be taken out of the bill right now. and that's what this amendment does. it strikes a section that would give an additional $108 billion of appropriation authority to the i.m.f. it also strikes a section that allows them to begin to sell off

Jim DeMint

2:13:14 to 2:13:34( Edit History Discussion )

Jim DeMint: the gold reserves that we just heard is a so-called security for this loan. folks, this makes no sense. i urge my colleagues to say "enough is enough." there are many good things that we can do, but we frankly don't have the money anymore. this, again is more than we spend on education every year, more than we spend on veterans'

Jim DeMint

2:13:35 to 2:13:56( Edit History Discussion )

Jim DeMint: benefits, more than we spend on transportation. and it is will be drawn upon, because there are countries all over the world in difficulty, and we will set a precedentment and you notice that the bill -- they're not using thi to criticize it because not only does this create a permanent amount of authority to withdraw

Jim DeMint

2:13:57 to 2:14:05( Edit History Discussion )

Jim DeMint: money; it gives the secretary of the treasury the ability to make amendments to we're giving the authority of this congress over to the

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