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Senate Proceeding on Dec 13th, 2007 :: 3:35:23 to 3:41:38
Total video length: 4 hours 16 minutes Stream Tools: Stream Overview | Edit Time

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Chuck Grassley

3:30:09 to 3:35:23( Edit History Discussion )
Speech By: Chuck Grassley

Chuck Grassley

3:35:12 to 3:35:23( Edit History Discussion )

Chuck Grassley: as well. the presiding officer: thank you. the senator in senator from ohio. mr. brown: madam president, thank you. thank the senator from iowa for adding his nodges to this debate knowledge to this

Sherrod Brown

3:35:23 to 3:35:33( Edit History Discussion )

Sherrod Brown: debate. after listening to the senator from kansas, we might think the concile sky is falling in kansas or ohio or iowa. and the sky is falling on the crop insurance companies. but really when i hear

Sherrod Brown

3:35:23 to 3:41:38( Edit History Discussion )
Speech By: Sherrod Brown

Sherrod Brown

3:35:33 to 3:35:46( Edit History Discussion )

Sherrod Brown: the opponents of this amendment say that crop insurance companies are going out of -- may go out of business because of this amendment or a new argument today that the reinsure er might go out of business,

Sherrod Brown

3:35:46 to 3:36:03( Edit History Discussion )

Sherrod Brown: the re reinsurance companies that insure the crop insurance companies might go out of birks i think you should again look at this chart, madam president. this is the number of dollars per policy that the

Sherrod Brown

3:36:03 to 3:36:20( Edit History Discussion )

Sherrod Brown: crop insurance companies are paid. and in the last ten years it was -- it slowly went up until about 2004. so if crop insurance company writing a policy will get $591 four years ago in -- for

Sherrod Brown

3:36:20 to 3:36:31( Edit History Discussion )

Sherrod Brown: writing that policy, what this a&o standard. then it went up to $800 in 2006, the highest number in crop insurance -- the crop insurance history. then this yierts a close to $1,2 $1,200 per policy that

Sherrod Brown

3:36:31 to 3:36:42( Edit History Discussion )

Sherrod Brown: subsidy. in addition to everything else with crop insurance and we don't need to get into the inter intermachinations of how the subsidies and other waisms but this over-the-top subsidy and you

Sherrod Brown

3:36:42 to 3:36:55( Edit History Discussion )

Sherrod Brown: know i have been very involved in medicare issues here here. we pay medicare -- medicare is about 2% of administrative costs costs, the government pays them to operate their the medicare programs

Sherrod Brown

3:36:55 to 3:37:12( Edit History Discussion )

Sherrod Brown: in the 50 states and i don't make the comparison generally because it is a very different program. but we give them $1,100 for every policy they write, almost $1,200. in and our amendment simply says,

Sherrod Brown

3:37:12 to 3:37:30( Edit History Discussion )

Sherrod Brown: let's go back to the last record record-setting year, $830 per policy.| so for senator roberts to claim they may go out of business, all we're doing is going back to the very profitable year they had when

Sherrod Brown

3:37:30 to 3:37:44( Edit History Discussion )

Sherrod Brown: they were getng $830. this is all taxpayer dollars. these are private insurance companies making huge profits, making huge profits from our tax dollars. again, i go back to the profit levels of these

Sherrod Brown

3:37:44 to 3:37:59( Edit History Discussion )

Sherrod Brown: federal crop insurance companies. these are private companies getting finance profits from taxpayers. twice the profits of any of the average private insurance property and casualty companies. now then

Sherrod Brown

3:37:59 to 3:38:09( Edit History Discussion )

Sherrod Brown: i hear my friend from kansas, senator roberts, talk about how this is going to be bad for farmers. understand no premium increase. this amendment increases no premiums, doesn't touch premiums for

Sherrod Brown

3:38:09 to 3:38:23( Edit History Discussion )

Sherrod Brown: far mers. but then he makes the case that he -- he does the oldest trick in the book making the farmer's interest coincident with the insurance company interest. if you buy car insurance as a driver,

Sherrod Brown

3:38:23 to 3:38:37( Edit History Discussion )

Sherrod Brown: you don't think your interests are always the same as the car insurance companies. when you get your health insurance plan, you don't think your interests are exactly identical with your health insurer. so

Sherrod Brown

3:38:37 to 3:38:50( Edit History Discussion )

Sherrod Brown: to believe that our taking some of the oversubsidized profits, taxpayer dollars, from the private crop insurance companies, that that means that we're going after the farmers or that's going to hurt the farmers

Sherrod Brown

3:38:50 to 3:39:01( Edit History Discussion )

Sherrod Brown: doesn't pass the straight-face test. here's why. we spent, if you recall from my comments, $10 billion in subsidies go to the farms for crop insurance. $10 billion benefit for farmers. but it took

Sherrod Brown

3:39:01 to 3:39:14( Edit History Discussion )

Sherrod Brown: $19 billion of taxpayer dollars to get them those $10 billion. so, in other words, a majority of crop insurance spending. this spending is taxpayer dollars. a majority of crop insurance spending goes

Sherrod Brown

3:39:14 to 3:39:29( Edit History Discussion )

Sherrod Brown: to insurers, not the farmers. the farmers and the insurance companies don't have identical interests. i'm very supportive of family farmers in my state. i have -- most of the agriculture in my state is corn

Sherrod Brown

3:39:29 to 3:39:42( Edit History Discussion )

Sherrod Brown: and soybeans. most of the crop insurance -- most of the crop insurance premium dollars are insuring corn and soybeans in this country, some 75%, if i recall, of crop insurance is about corn and soybeans.

Sherrod Brown

3:39:42 to 3:39:52( Edit History Discussion )

Sherrod Brown: i am very supportive of those farmers. i'll continue to be. i just don't want to see taxpayers, whether they're taxpayers in rural lexington, ohio, or whether they're taxpayers in more urban youngs

Sherrod Brown

3:39:52 to 3:40:02( Edit History Discussion )

Sherrod Brown: town, ohio, i don't want to see them giving all these subsidies to insurance companies. again, more than half of the spending on crop insurance, more than half of the spending goes to the crop

Sherrod Brown

3:40:02 to 3:40:17( Edit History Discussion )

Sherrod Brown: insurance companies, not the farmers. we're not touching the part, the 46%% that goes to farmers, we're not touching those dollars. we don't want those premiums to increase. we're just saying take

Sherrod Brown

3:40:17 to 3:40:34( Edit History Discussion )

Sherrod Brown: a little bit away from the crop insurance companies. just go back to their 2006 levels. $830 per policy. they had huge profits in 2006. they were -- the crop insurance companies were thriving. the

Sherrod Brown

3:40:34 to 3:40:46( Edit History Discussion )

Sherrod Brown: farmers were benefitting from these programs. why give them the extra $342 per policy when that money could go to programs like conservation for pharmacies, eqip, or go to mcgovern-dole or go

Sherrod Brown

3:40:46 to 3:40:57( Edit History Discussion )

Sherrod Brown: to hundreds of millions of dollars in deficit reduction. we're taking those dollars, giving them to private insurance companies so their profits can absolutely go through the roof. instead i want those

Sherrod Brown

3:40:57 to 3:41:16( Edit History Discussion )

Sherrod Brown: dollars to be used wisely. we're stewards of taxpayer dollars. as my farmers are stewards of their land. i want to support the farmers. i want to support the conservation programs. i want to support the

Sherrod Brown

3:41:16 to 3:41:28( Edit History Discussion )

Sherrod Brown: feeding programs, and i want to help reduce the federal deficit. that's why the brown-sununu-mccaskill amendment makes so much sense. i reserve the balance of my time. the presiding officer: who yields

Sherrod Brown

3:41:28 to 3:41:38( Edit History Discussion )

Sherrod Brown: time? the senator from north dakota. mr. chambliss: the senator from north dakota is recognized for ten minutes. the presiding officer: senator, there is only about 7 1/2 minutes left. mr. chambliss:

Kent Conrad

3:41:38 to 3:41:46( Edit History Discussion )

Kent Conrad: did that include the additional 3 minutes that we got? the presiding officer: yes. mr. chambliss: i would ask that we have an additional 5 minutes added to both sides. i would ask unanimous consent to

Kent Conrad

3:41:38 to 3:52:54( Edit History Discussion )
Speech By: Kent Conrad

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