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Senate Proceeding on Jul 28th, 2010 :: 4:33:15 to 4:44:55
Total video length: 9 hours 33 minutes Stream Tools: Stream Overview | Edit Time

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Johnny Isakson

4:33:08 to 4:33:28( Edit History Discussion )

Johnny Isakson: quorum call: a senator: mr. president? the presiding officer: the senator from georgia is recognized. mr. isakson: thank you, mr. president. i rise for two the presing officer: the senate is currently in a quorum call. mr. isakson: i ask the quorum call be vitiated. the presiding officer: without objection, so ordered. mr. isakson: i rise for two purposes.

Johnny Isakson

4:33:15 to 4:44:55( Edit History Discussion )
Speech By: Johnny Isakson

Johnny Isakson

4:33:29 to 4:33:49( Edit History Discussion )

Johnny Isakson: i ask unanimous consent that my remarks be divided in the record as reflected. the presidinofficer: without objection. mr. isakson: i'm very pleased to come to the senate today and commend the warner robbins georgia girls' softball team that yesterday attended the white house and were honored by president obama. 11 and 12-year-old girls who went all the way last year and this year are in the finals to

Johnny Isakson

4:33:50 to 4:34:13( Edit History Discussion )

Johnny Isakson: hopefully do the same thing again. a team of young women coached by a great group of coaches. emily watley and her assistants. i want to commend each of these young ladies individually -- kayley allbritton, sabrina,

Johnny Isakson

4:34:16 to 4:34:36( Edit History Discussion )

Johnny Isakson: ashley, avery, hannah, katie, chelsea. a fine group of young georgians who went all the way in the women's softball last year in the little league level and are about to do it again. in fact, yesterday as she was leaving the white house and president obama asked was there anything she had to say, ashley said mr. president, we're doing really well this year, we're going to be back next year to win it again. that's the type of positive

Johnny Isakson

4:34:37 to 4:34:57( Edit History Discussion )

Johnny Isakson: attitude in sports that separates the winners from the second place finishers. so i commend the warner robbins little league softball young women from warner robbins, georgia. i thank the president for honoring them yesterday at the white house. now for the second pt of my remarks, i'd like for the record that they be separated in the record, an i ask unanimous consent. the presiding officer: without

Johnny Isakson

4:34:58 to 4:35:18( Edit History Discussion )

Johnny Isakson: objection. mr. isakson: mr. president, we have been going through difficult economic times as a country, not only in our expenditures but in the revenues of our citizens of our states who face higher unemployment, lower productivity and very difficult economic times. as i have watched us on the floor time and again deal with

Johnny Isakson

4:35:19 to 4:35:40( Edit History Discussion )

Johnny Isakson: paying for new amendments that have been proposed, we're all of a sudden scrambling to find a savings here, to borrow from peter to pay paul to patch together an appropriations bill that hopefully keeps us out of debt but unfortunately continues to keep us in a downward spiral of borrowing. so i want to talk tod about a piece of legislation that i have introduced and i have been

Johnny Isakson

4:35:41 to 4:36:02( Edit History Discussion )

Johnny Isakson: joined by other members of the senate, a bill that has a simple proposition to it, and that is that maybes a government, we should start doing what the people of our country have to do, determining how m in, prioritizing what we spend, and get back into balancing our budget while providing oversight on what we spend to see where savings could come from. you know, there is

Johnny Isakson

4:36:03 to 4:36:25( Edit History Discussion )

Johnny Isakson: american who has got a syndicated radio show called dave ramsey. i don't know how many of you ever heard of him. he started financial peace university and he started after he went bankrupt in the real estate business. he did a great job in real estate on the way up but he leveraged himself all the way so when times got tough and the

Johnny Isakson

4:36:26 to 4:36:47( Edit History Discussion )

Johnny Isakson: leverage got too difficult, dave ramsey went bankrupt. after a couple of years, he got himself back together and built a large company on the basic philosophy of staying out of debt, staying within your means. in fact, i commend everybody to look at his proposals, look at his book, read his book "attain financial peace."

Johnny Isakson

4:36:48 to 4:37:08( Edit History Discussion )

Johnny Isakson: it's a great concept because it really works. dave ramsey suggested what you ought to do when you owe more than you take in, you sit down and say what do i make? you write that down. you write down what you have to spend, utilities and food, whatever it might be. see if there is anything left over, and if there is nothing left over, you have to take things that you're spending and

Johnny Isakson

4:37:09 to 4:37:30( Edit History Discussion )

Johnny Isakson: don't have the money for and began borrowing and begin to cut it piece after piece after piece. each month and each year, you live on a budget that is predicated on not going into debt and living within your means. we as a country must do the same thing. there may be an exception, obviously, for war. there may be an exception, obviously, if there is a significant terrorist attack or

Johnny Isakson

4:37:31 to 4:37:51( Edit History Discussion )

Johnny Isakson: a tremendous international incident or natural incident that takes place that might demand some short-term appropriation, but in the general eenditures of government, get back to the business of spending within our means. but how do you do that? you have 12 individual appropriations bills or an omnibus bill that rolls in at the end of the year. talking about spending $3.6 trillion.

Johnny Isakson

4:37:52 to 4:38:13( Edit History Discussion )

Johnny Isakson: you can't do it that way. you have to have a process where you're able to examine what you're spending money on, quantify how much you're going to take in and balance the two numbers so you don't go into debt. my suggestion and what i want to talk about today is the by anial

Johnny Isakson

4:38:14 to 4:38:34( Edit History Discussion )

Johnny Isakson: budget -- th the biennial budget or appropriation. i think it will result in less debt, more reasonable spending and a more rational expenditure by the united states government. first of all it's predicated on appropriating for two years rather than one, and the appropriation year should be the odd numbered year. even numbered years should be dedicated to oversight. i know the distinguished presiding officer is just like i

Johnny Isakson

4:38:35 to 4:38:55( Edit History Discussion )

Johnny Isakson: am. he sits on a number of committees. every now and then we'll have an oversight meeting, but more often than not, oversight gets left out because of the focus of what we're going to spend next or what project is going to be next proposed to be added to what we spend our money on. and that process itself builds more debt, builds a bigger appropriations act and never

Johnny Isakson

4:38:56 to 4:39:17( Edit History Discussion )

Johnny Isakson: allows us to do those things we really should be doing. that's focusing on prioritizing the expenditure of our money. we all know because from time to time we have found there is savings in the appropriations that we spend. we know from time to time in oversight we find dollars that we didn't realize we had. but we need to maket a part of our culture in the congress of the united states when the even

Johnny Isakson

4:39:18 to 4:39:39( Edit History Discussion )

Johnny Isakson: numbered years come, two things ought to be happening. one congress ought to be doing oversight of his expenditures and second is running for office. i would love to see a time where running for office is in a year where you're doing oversight so you're focusing more on what you're saving the american taxpayer and less on what you're going to spend to try and impress them to get their vote one more time. we have a serious, difficult

Johnny Isakson

4:39:40 to 4:40:00( Edit History Discussion )

Johnny Isakson: problem in our country. we have a debt of $13 trillion. i'm going to be the first -- not the first that's ever said this, but i'm not going to let this speech go without sayg this. i voted against appropriations bills under president bush and i voted against them under president obama. i'm not taking a target at anybody. we all have a responsibility

Johnny Isakson

4:40:01 to 4:40:21( Edit History Discussion )

Johnny Isakson: here. it's time we focused on a way we started saving rather than continuing to spend, and i would like nothing better than that focus on saving to take place in the same election year wre everybody is running to be re-elected to come back and do the job. we would change the dynamics and the paradigm ofongress for it to focus on savings rather than focus on expenditure.

Johnny Isakson

4:40:22 to 4:40:43( Edit History Discussion )

Johnny Isakson: will it be difficult? yes. but it's going to be a whole lot more difficult very soon. our country owes $13 trillion today, moving towards a number that could come as high as $19 trillion before the end of the next decade. to put in perspective how much that is, i will tell a short story, mr. president. i was in albany, georgia, making a speech at the end of last

Johnny Isakson

4:40:44 to 4:41:05( Edit History Discussion )

Johnny Isakson: year, and i referred two or three times to a trillion dollars. at the end of the speech, this farmer raised his hand and he said excuse me, senator, can i ask a question? i sd sure. he said how much is a trillion? well, i don't know whether you have ever thought about it, mr. president, but when somebody asks you a question like that and you try to come up with a comparison to explain, it's hard to do.

Johnny Isakson

4:41:06 to 4:41:27( Edit History Discussion )

Johnny Isakson: and i had a difficult time. in fact, i fumbled around and i'm not sure i ever did a good job of quantifying how much a trillion really is. i got home that night and i talked to my wife. i said i got stumped today sweetheart. she said what happened. i said i was on the stump in albany and i was asked by a farmer to explain how much a trillion was and i really didn't quantify it.

Johnny Isakson

4:41:28 to 4:41:48( Edit History Discussion )

Johnny Isakson: i didn't know of a good comparison. she said why don't you just figure out how many years have to go by for a trillion seconds to pass? i thought that's a great idea. so i got a calculator out and i multiplied 60 seconds times 60 minutes to get the number of seconds in an hour. i multiplied that times 24 to get the number of seconds in a day. i multiplied that times 365 to

Johnny Isakson

4:41:49 to 4:42:09( Edit History Discussion )

Johnny Isakson: get the number of seconds in a year. and then i divided that product into a trillion. mr. president, do you know how many years have to go by for a trillion seconds to pass? 31,709 years. we owe $13 trillion. we're at a point where we're

Johnny Isakson

4:42:10 to 4:42:30( Edit History Discussion )

Johnny Isakson: going to go one way or another, and fortunately we're recognizing we're at that point. i would submit one of the keys to stopping the growth of debt and improving the plight of our country in the future for our children and grandchildren is to begin spending within our means, and it takes a process like a biennial budget or a biennial appropriations act where you combine the responsibility of

Johnny Isakson

4:42:31 to 4:42:52( Edit History Discussion )

Johnny Isakson: spendi with the absolute responsibility of oversight. everybody in america today during these difficult times is looking at where they spend their money and they're trying to find savings. they're trying to find those places they could better allocate their money so they are not going into debt, they are not borrowing and they are not raising the prospects of debt in the future. the american government ought to be doing the same thing. i voted for the supplemental for

Johnny Isakson

4:42:53 to 4:43:13( Edit History Discussion )

Johnny Isakson: our troops in week and will do it again. that's a special appropriation to our men and women who deserve that backing at a time we committed them to war. but we're not always at war. war is a special a a difficult time, and you ought to give your troops the support they need. but in every other case, it ought to be an expenditure that's based on the priorities of what's the most important

Johnny Isakson

4:43:14 to 4:43:34( Edit History Discussion )

Johnny Isakson: things you should be doing. when you find those things that don't meet that test through oversight, that's where you begin the cutting process. so that over time, our process is motivated toward savings, motivated against borrowing and motivated for a balanced budget. and i would submit you can talk about it all day long, but until you put it in a framework that

Johnny Isakson

4:43:35 to 4:43:56( Edit History Discussion )

Johnny Isakson: brings about that type of process, you will never really do it. and the biennial budget with appropriations in odd-numbered years and oversight in even-numbered years ensures that we begin being accountable to the electorate in an election year on what we're spending, and if those off years when we're appropriating, we're doing it based on the previous year's oversight so that we know the effectiveness of the department we're appropriating the money

Johnny Isakson

4:43:57 to 4:44:17( Edit History Discussion )

Johnny Isakson: for and whether or not it was prioritized appropriately the way it should have been. so at a time when we're focusing on spending money, focusing on a budget -- on an appropriations act which will come up this november after the elections, i think we could look this year in going to a biennial budget process in the years future. so instead of rolling everything to an omnibus after an election, we have a process that ensures

Johnny Isakson

4:44:18 to 4:44:39( Edit History Discussion )

Johnny Isakson: it's done systematically as it should be in odd-numbered years for appropriationnd in even-numbered years we're doing oversight. so our election is based on our accountability of spending money, not how much we can borrow or how much we can spend. mr. president, i yield back the balance of my time and suggest the absence of a the presiding officer: the clerk

Johnny Isakson

4:44:40 to 4:44:45( Edit History Discussion )

Johnny Isakson: will call t

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