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Senate Proceeding on Jul 21st, 2010 :: 6:20:50 to 6:30:20
Total video length: 11 hours 26 minutes Stream Tools: Stream Overview | Edit Time

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Barbara Boxer

6:20:47 to 6:21:07( Edit History Discussion )

Barbara Boxer: yield the floor. mrs. boxer: mr. president? the presiding officer: the senator from california. mrs. boxer: thank you so much, mr. president. and, you know, as senator coburn was talking about the need to balance the budget, i was remembering that i voted to do that. and with the leadership of bill clinton and the democrats, we

Barbara Boxer

6:20:50 to 6:30:20( Edit History Discussion )
Speech By: Barbara Boxer

Barbara Boxer

6:21:08 to 6:21:29( Edit History Discussion )

Barbara Boxer: not only balanced the budget, but we created surpluses, and it was a great feeling. and we did it, and we know how to do it and we will do it again. but let's talk about what's before us right now. it's not about the unemployed versus our childre our long-term unemployed have

Barbara Boxer

6:21:30 to 6:21:50( Edit History Discussion )

Barbara Boxer: children. and these children are seeing their dads and their moms with their heads in their hands and they see tears, and they don't know why. i got the letters from my constituents. th don't know what to tell their kids. they're working so very hard. so let's talk about what's

Barbara Boxer

6:21:51 to 6:22:12( Edit History Discussion )

Barbara Boxer: before us today. we know how to get to the balanced budget. that's why we have budgeting. theals why we have authorizing. that's why we have appropriations. and that's why president obama has said he will cut the deficit in half at the end of his first term, and i'm confident that will be the case, and maybe we can even do more. we know how to do that.

Barbara Boxer

6:22:13 to 6:22:36( Edit History Discussion )

Barbara Boxer: and i would also say that to hear the senator say that we're being partisan makes no sense at all. i sang the praises of my republican friends, who have joined with us, in making sure that we can extend unemployment benefits today.

Barbara Boxer

6:22:37 to 6:22:57( Edit History Discussion )

Barbara Boxer: i thank god for them, frankly. so this isn't about partisanship. it's about pulling together, as a country, and recognizing that we are in the worst recession since the great depression. it is no time for partisanship. it's time to pull together and help our kids and help our families and help those who

Barbara Boxer

6:22:58 to 6:23:18( Edit History Discussion )

Barbara Boxer: through no fault of their own find themselves in this predickment. --redicament. now, i just want to say, why are we treating this like an emergency? that's what we're doing. it's something that has always been done because it is an emergency.

Barbara Boxer

6:23:19 to 6:23:41( Edit History Discussion )

Barbara Boxer: ronald reagan, president ronald reagan, signed three extensions of unemployment compensation without paying for it, because he felt it was an emergency. and because he understood what we understand, which is that when you in fact make sure that

Barbara Boxer

6:23:42 to 6:24:06( Edit History Discussion )

Barbara Boxer: unemployed people have this insurance, which they paid into, by t wear, that they will -- by the way, that they will spend it locally and that dollar -- that every dollar of that unemployment compensation brings to the economy either $1.61 under a calculation done by john mccain's economic advisor,

Barbara Boxer

6:24:07 to 6:24:29( Edit History Discussion )

Barbara Boxer: mark zandi, or others have -- c.b.o., congressional budget office, says it yields $1.90. and some of the proposals we've seen from the other side is to cut other jobs, okay, in order to pay for extending unemployment benefits. and that's not going to help us

Barbara Boxer

6:24:30 to 6:24:50( Edit History Discussion )

Barbara Boxer: at this time. so, yes, i rember the wonderful feeling that i had when we balanced the federal budget, when bill clinton was president, when we created surpluses as far as the eye could see, the debt was on the way down, and the minute the republicans took over, they put tax cuts to the wealthiest on

Barbara Boxer

6:24:51 to 6:25:12( Edit History Discussion )

Barbara Boxer: that credit card, they put two wars on the credit card, spend, spend, spend, spend, spend, and all that work that we did was, unfortunately, reversed. but what's before us today is a very simple proposition. and my friend from oklahoma says he cares deeply about the unemployed. i have no reason to doubt that.

Barbara Boxer

6:25:13 to 6:25:34( Edit History Discussion )

Barbara Boxer: he should join us today. he should join us today in voting to extend these benefits. ronald reagan saw it clearly, extended it three times, put it on the emergency, because it is an emergency, and he knew it was counterproductive to cut other jobs, to pay for the extension of unemployment benefits.

Barbara Boxer

6:25:35 to 6:25:56( Edit History Discussion )

Barbara Boxer: we know how to balance this budget. paygo is a part of it. paygo -- you pay for everything you do, except emergencies. that's what we should be doing, because to do it otherwise really is counterproductive. i nearing the point where we can

Barbara Boxer

6:25:57 to 6:26:17( Edit History Discussion )

Barbara Boxer: extend these benefits. and, yes, we've been delayed. we've been delayed for two months. and i read letters into the record before here's one. "i've kept up a relentless job search.

Barbara Boxer

6:26:18 to 6:26:41( Edit History Discussion )

Barbara Boxer: i have applied for at least 600 jobs. 600 and this is discouraging, not receiving any days go by when i hardly sleep at all, worrying about the bills. we've had to concentrate all of our income on paying the rent and bing food and gas.

Barbara Boxer

6:26:45 to 6:27:05( Edit History Discussion )

Barbara Boxer: i can't pay for other bills." another californian, "i'm very scar of what might happen if i lose the unemployment income. my children catch my crying at times and ask me why are you crying, mom? i can't tell them. please pass this bill until this

Barbara Boxer

6:27:06 to 6:27:27( Edit History Discussion )

Barbara Boxer: economy strengthens." so this isn't about, again, the way the senator from oklahoma phrases it, he makes it sound like children aren't involved in this situation. they are. they're the children of the unemployed. and so it is really clear -- it is really clear that, yes, we're

Barbara Boxer

6:27:28 to 6:27:48( Edit History Discussion )

Barbara Boxer: going to have to tackle the deficits. ours're all in all investors are looking for value and can find it here right now. >> our special guest todaywe'r and it was kevin whose said why is anybody surprised about what ben bernanke said watching the economic data

Barbara Boxer

6:27:49 to 6:28:10( Edit History Discussion )

Barbara Boxer: he should not be surprised. >> but at the same timed. nobody wants to hear that? would initially uncertain that is where we would close back and forth action all day long. nobody knew which way the

Barbara Boxer

6:28:11 to 6:28:36( Edit History Discussion )

Barbara Boxer: market would go and talking about the economy these are usually a certain this is where the market sell-off weia see ate lot of pressure on banks and retailers down 128n

Barbara Boxer

6:28:39 to 6:29:00( Edit History Discussion )

Barbara Boxer: points and the 1065 and going to the red with coca-cola holding on and on and that top to the wall stre views. also the numbers after the bell withun starbucks and other big american express ando companies are reporting

Barbara Boxer

6:29:01 to 6:29:22( Edit History Discussion )

Barbara Boxer: but the one thing they were focusing on that we will watch that tomorrow so we will have a lot tomorrow looking at the oil inventory numbers and gold is in the red as well and watching all the names today

Barbara Boxer

6:29:23 to 6:29:46( Edit History Discussion )

Barbara Boxer: on the heels of their earnings talking about apple ravee ipad and the iphone. because of the deal with apache with the $7 billion deal and also saw blackrock

Barbara Boxer

6:29:47 to 6:30:08( Edit History Discussion )

Barbara Boxer: going back and forth with report back brand 55 there you have been unusually uncertain. "bulls and bears" starts right now.he >> financial regulation a reality. >> there will be no more back when did o bailouts. u point . >> is thatne true? our experts analyze your tax dollars on the line and billions upon billions down

Barbara Boxer

6:30:09 to 6:30:20( Edit History Discussion )

Barbara Boxer: the g drain with this year results for housing economy back on its feet, but we need to work together. thank you very, very much, mr.

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