Video archive of the US Congress

Senate Proceeding 07-13-10 on Jul 13th, 2010 :: 0:28:50 to 0:32:04
Total video length: 4 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Lamar Alexander

0:28:32 to 0:28:52( Edit History Discussion )

Lamar Alexander: that's discretionary spending. so would the senator from new hampshire, who's long served on both the budget and the appropriations committee, not agree that the first job of senate appropriators is not to decide where to spend the money, but to decide how much money there is to spend, especially

Judd Gregg

0:28:50 to 0:32:04( Edit History Discussion )
Speech By: Judd Gregg

Judd Gregg

0:28:53 to 0:29:14( Edit History Discussion )

Judd Gregg: this year when there's no budget? mr. gregg: i think the senator from tennessee is absolutely right. how can we run a country and a government of a country if we're not willing to decide on how much we're going to spend and then stick to it? the reason we're so out of control around here in spending is because every week, every

Judd Gregg

0:29:15 to 0:29:36( Edit History Discussion )

Judd Gregg: week for the last eight to ten weeks we've seen a new bill brought to the floor of the senate which has added to the debt and the deficit of this country. and interestingly enough, eight weeks ago we this floor with great fanfare from the other side of the aisle called paygo, which said that all the bills that came to the floor of the senate were going

Judd Gregg

0:29:37 to 0:29:58( Edit History Discussion )

Judd Gregg: to be subject to a test which essentially said that before you spent any money, you paid for what you're spending for. since we passed that bill, over $200 billion -- billion -- has been proposed or passed by the senate which violated the very rule that we allegedly passed to try to discipline the senate. so it's very clear unless you

Judd Gregg

0:29:59 to 0:30:21( Edit History Discussion )

Judd Gregg: set out some hard permanenters, unless you -- parameters, unless you set out specific limits and that's wha the letter to the appropriations committee from the republicans does, we'll just bring bill after bill here out of committee and spend money we don't have and where does it all go? well, it all goes to our children as debt and we have to

Judd Gregg

0:30:22 to 0:30:42( Edit History Discussion )

Judd Gregg: borrow it from the chinese or we have to borrow it from else and then we have to pay the interest on that and that interest doesn't do us any good as a nation. in fact, under the president's own projections, his own budget, the interest on theederal debt will exceed any other item of spending in the federal budget on the discretionary side within

Judd Gregg

0:30:43 to 0:31:03( Edit History Discussion )

Judd Gregg: seven years. we will spend more on interest because we're adding all this deficit and debt than we spent on national defense. what a waste of money that is. so unless we get se discipline around here on the side, grow, the debt's going to grow. i saw a most interesting figure

Judd Gregg

0:31:04 to 0:31:27( Edit History Discussion )

Judd Gregg: and i think the senator from tennessee has seen it too. since senator obama has been president for every second he has become president $56,000 has been added to the debt of the united states. $56,000. that's the -- that's the income -- the mean income of americans today. so every second he's been in

Judd Gregg

0:31:28 to 0:31:48( Edit History Discussion )

Judd Gregg: office he's wiped out the income of some american that's working, because now it is going to have to be spent to wipe out that debt. not all that debt has been spent. as w go further into his administration, a large amount is his decision and the decisions of this congress like the $200 billion in debt that we've been adding or about to

Judd Gregg

0:31:49 to 0:32:04( Edit History Discussion )

Judd Gregg: add that violates paygo. this week we're going to another supplemental bill here. does the senator know how much debt that bill will add if it is passed in the form that the administration and the democrats

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