Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, each day that goes by, the depth and severity of our country's subprime mortgage foreclosure…
Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.
Mr. President, each day that goes by, the depth and severity of our country's subprime mortgage foreclosure crisis emerges. It is very difficult. This week I spoke to former Secretary of the Treasury Rubin. I spoke also to the present Secretary of the Treasury, Mr. Paulson, and they both recognize we have some severe problems with our subprime mortgages. This is very deep. It is very hard.
Hundreds of thousands of mortgages are now delinquent nationwide-- hundreds of thousands. That is fully twice as many as last year, and last year was not a good year. The most alarming fact is this could be just the beginning. Experts agree as more mortgage rates continue to expire, not thousands, not tens of thousands, but hundreds of thousands of American families could be at risk.
When these introductory ``teaser'' rates expire, these teaser rates where they tease people into taking these loans, sometimes that they couldn't afford--a lot of times that they couldn't afford--when these higher rates arrive, the mortgages that many families can afford today will become impossible to pay off tomorrow. This will leave many with just two options: lose their homes or try to work something out on refinancing.
That is what this is all about. Some say if a borrower gets into financial trouble, it is their obligation and it is their responsibility to find a way out. That is not true. If you have a piece of property, and it is a home and it is being foreclosed upon, you as the owner of that property are going to lose money. There is no question about it. You usually lose about 35 to 40 percent of the value of the home. So the borrower gets hurt. Also, the entity where the home is, a county or a city, if you have that property under foreclosure, the windows are boarded up, and it just loses value. So the tax base of that community suffers.
So we need to do something about that. We are talking about families losing the roof over their heads. Therefore, we need to do something about it.
The chairman of the Federal Reserve Board, Ben Bernanke, recognized that a sharp increase in foreclosed properties for sale could weaken the already struggling housing market and thus, potentially, the broader economy. He was being very deliberate. The word ``should'' should have been used, not ``could.'' But he was being, as he should be as chairman of the Federal Reserve, very cautious.
In Nevada, this crisis is hitting very hard. In 2006, in August, the number of foreclosure filings had gone up by more than 200 percent. We could see another 21,000 foreclosures, we are told, by the beginning of 2009 in Nevada. That is a lot of foreclosures.
One of the things we need to do is have more money for counseling, which the administration has cut back.
There are three items we need to work on in the near term: providing funding for foreclosure prevention counseling, modernizing the FHA administration, and providing temporary but necessary tools to the government-sponsored enterprises, Fanny and Freddie--that is Fannie Mae and Freddie Mac--so they can keep funding available to make or refinance subprime mortgages. So we need to do this.
The Senate Banking Committee passed a bipartisan FHA Modernization Act of 2007 on September 9, 2007, by a vote of 20 to 1. This has broad support of consumers and the industry alike.
As the name of the bill indicates, this legislation is intended to bring needed changes to the Federal Housing Administration that will make the agency more capable of providing the services that homeowners need in today's all-too-perilous environment.
The FHA program encourages the private sector to make mortgages by offering government-backed insurance for the full balance of the loan.
Traditionally, since its inception in 1934, the FHA has played a major role in providing home purchase financing to minority, first- time, and lower income home buyers.
Beginning in the mid-1990s, and until now, however, as more exotic loans entered the marketplace, FHA saw its
overall market share drop dramatically.
In some cases borrowers considered the more exotic loans easier to get. In many other cases, borrowers were directed into those loans by brokers who often didn't have the borrower's best interests at heart.
Unfortunately, these exotic loans often lured borrowers with false or misleading information and contained ``teaser'' interest rates that, once expired, borrowers couldn't afford.
These were predatory loans--and the consequences of these shady practices are becoming more evident every day.
This crucial reform bill modernizes the FHA program by, among other things, lowering mortgage- down-payment requirements and raising the loan limits for FHA-backed loans.
The result will be a better loan option for families that are having trouble keeping up with their exploding mortgage payments. They will have the option of refinancing to an FHA-backed loan with the peace of mind that comes with it.
And for future homebuyers, a fully backed FHA loan with honest, up- front terms, will help prevent crises like we now face, and ensure that more American families will experience all the safety, comfort and stability that comes with homeownership.
Third, the PROMISE Act would temporarily lift the cap on the amount of loans Fannie Mae and Freddie Mac can purchase as investments for a period of 6 months.
The bill could bring as much as $145 billion dollars into the subprime mortgage marketplace and prescribes that the vast majority--at least 85 percent of these resources--be used to refinance subprime loans.
The past decade has seen remarkable growth in American homeownership. What's more, these gains have been enjoyed from coast to coast and among groups that have traditionally been shut out.
We need to ensure that this progress continues.
Mr. President, I have a unanimous consent request here that I have been told the Republicans will object to. I will make the request and then withdraw it. As I said, I have been told they will object.
Unanimous Consent Request--S. 2338
Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 481, S. 2338, the FHA Modernization Act of 2007; that the Dodd-Shelby amendment at the desk be considered and agreed to; the bill, as amended, be read the third time, passed, and the motion to reconsider laid upon the table; and that any statements relating thereto be printed in the Record.
Mr. President, I now will withdraw that request.
What a shame that there is an objection to a bill that passed the House overwhelmingly, came out of committee over here on a vote of 20 to 1, and now there is an objection to it. That is really too bad. We will renew this request before we leave here for Thanksgiving. This will be much-needed relief. Even though the President hates the Government, this Government that was created many years ago has been a lifesaver for home building in our country, and we need to modernize it; it is long overdue. I hope the Republicans will withdraw their objection to this bipartisan, much-needed legislation.
Mr. President, I suggest the absence of a quorum.
Mr. President, I am wondering if my friend from Minnesota will be kind enough to allow the two leaders to engage in a little work here on the floor? As soon as we finish, he would retain the floor.
My friend is gracious in everything he does. I appreciate that so much.
Conditional Recess or Adjournment of the Two Houses of Congress
Mr. President, I ask unanimous consent the Senate proceed to H. Con. Res. 259, the adjournment resolution.
Yes. We will do a unanimous consent request in a minute for your approval or disapproval. What we are going to do is come in in the morning. I want to come in early because of requests from both your side and my side that we vote first on an Iraq matter that the minority has brought to the floor; then we would vote on a motion to proceed to the bridge bill that the House voted on last night; and then we would vote on the motion to invoke cloture on the farm bill. At that time, hopefully, we would be ready to wind things down until after Thanksgiving.
I ask unanimous consent the current resolution be agreed to and the motion be laid upon the table.
Mr. President, I ask unanimous consent that the Senate vote at 9:30 a.m. tomorrow on the cloture motion on the motion to proceed to S. 2340, the Senate Iraq Emergency Supplemental Appropriations bill; if cloture is not invoked, the Senate then vote on cloture on the motion to proceed to H.R. 4156, the Orderly and Responsible Iraq Redeployment Appropriations bill; if that cloture is not invoked, the Senate then vote on cloture on the substitute amendment to the farm bill; I further ask unanimous consent that the cloture vote on H.R. 2419, the underlying bill, be delayed to occur, if needed, upon the adoption of the substitute amendment; I further ask unanimous consent that the time for debate prior to the first vote be equally divided between the two leaders or their designees; that the last 10 minutes be reserved for the two leaders, with the majority controlling the last 5 minutes; and that there be 2 minutes for debate before the second and third votes.
I say to my friend, it is my intention to come in in the morning at 8:30. That would allow any Senators who wish to talk about the farm bill and Iraq to do that tonight and in the morning we have a few speakers and you would have some speakers, and that should conclude the events tomorrow. I think we need to come in early because we have had a number of requests, as you know.
I do say this, I appreciate the understanding of my friends on the other side. As they know, there is a debate tonight of all Democratic Presidential candidates, and they needed to be here in the morning. That is required. They probably needed the time anyway, but I couldn't push forward on that tonight, especially with the debate starting in 2 hours in Las Vegas.
Mr. President, let me say a couple of things before the distinguished Republican leader leaves. We had a brief conversation here in the well of the Senate a couple of minutes ago. I am disappointed we cannot proceed to the Transportation appropriations bill. The President tells us he wants bills. We do everything we can, and it is difficult to get them done, but we have now completed an extremely difficult conference. It has been open. Republicans have participated. I am not going to go into the details of the bill, but it is a transportation bill. It deals with such important parts of America's infrastructure which are so desperately needed.
I hope, I say to my friend, that maybe before we leave here tomorrow there will be another thought given to this. It would be nice if we could send this bill to the President and do it before we leave here for recess. Senator Bond and Senator Murray on our side, the managers of this bill, have worked very hard trying to get everything done. They worked today. We got a hold on it here taken off. Somebody objected here. We took that off. I am so grateful for their hard work, their bipartisan work on this legislation.
I do say this, Senator Bond, who has been one of the members of the Appropriations Committee for some time, has been pretty easy to work with over the years. He has been very reasonable. Senator Murray told me he has been extremely reasonable during this most difficult bill. I am not going to ask unanimous consent to go forward on it. I have been told by my friend, the distinguished Senator from Kentucky, there would be an objection. I do feel sorry we have not been able to do that.
Finally, I will say a few words on an important issue, breast cancer and environmental research. I indicated earlier this year I was going to move forward, if necessary, on cloture. There is one Republican Senator who has held up this extremely important bill. This legislation would authorize money for 5 years to study the possible links between the development of breast cancer and environment. One key provision in the legislation would create an advisory panel to make recommendations about these grants.
Over the past 6 years, this bill has enjoyed very broad, bipartisan support. During the 109th Congress, this bill was reported out of the HELP Committee, but one Senator on the other side, one Republican, objected to our request to pass it.
I am bound and determined to pass this legislation. Why I have not moved on it earlier is the following reason: We have gotten great work on a bipartisan basis out of the HELP Committee. Senators Kennedy and Enzi--one would not think they are political soulmates, but they are. They balance each other out. Senator Enzi confided in me--I don't necessarily mean confided in me, but he told me that he was going to have a hearing on this very soon, before the first of the year, to see if he could work out the problems the one Senator had. If that in fact is the case, this matter could be brought out of the committee to the floor and passed very quickly rather than my taking a week or so on the legislation. So I want all those who are so concerned about this legislation to know I have not forgotten about it, but based on Senator Enzi's representations, I am not going to try to invoke cloture on this bill at this time. If we do not get something done during the first few months of the next year, we will do that. Hopefully we can pass it in December.
I am happy to yield for a question.
I answer to my friend who has done such an outstanding job on this bill, as she does on everything, this bill did have in it $195 million to replace I-35 West, the bridge in Minneapolis. We all witnessed the tragedy of the collapse of that bridge. A picture is worth 1,000 words so I will not give 1,000 words, other than to say I ask everyone to call up in their mind's eye the devastation that took place when that bridge unexpectedly collapsed. The bill also, I say, includes an additional $1 billion for urgent bridge repairs in all States in the wake of that tragedy. That is only a small part of that legislation and it is unfortunate we couldn't send that to the President before the recess. We still could, maybe when we get back in the morning, and we could do it before we leave here. That is still possible.
I ask unanimous consent that the majority leader, after consultation with the Republican leader, may turn to the consideration of H.R.
3996, the Tax Extender/AMT bill, and that it be considered under the following limitations: that there be 2 hours of debate equally divided between Senators Baucus and Grassley or their designees prior to a cloture vote on the bill; if cloture is invoked, there be no amendments in order to the bill; if cloture is defeated, there then be 1 hour for debate on Senator Lott's amendment No. 3620, providing for AMT repeal and 1-year extension of expiring tax provisions; that following that vote there be 1 hour for debate on Senator Baucus's amendment providing for a 1-year AMT patch and a 2-year extension of expiring tax provisions with the cost of the expiring tax provisions offset; that each amendment vote would require 60 votes in the affirmative; that following those votes, if an amendment is agreed to, the bill be read a third time and the Senate vote immediately, without any intervening action or debate, on final passage of the bill. If neither amendment achieves 60 votes and cloture is not invoked on the bill, then the bill be returned to the calendar; if cloture is invoked on the bill, then the Senate proceed to complete action on the bill under the provisions of rule XXII.
Reserving the right to object, Mr. President, during the past 7 years, we have had an interesting financial program in this country led by President Bush; that is, spend whatever you want, just use a credit card. That is, he wants new programs. He has had plenty. Just write out one of the IOUs that came from the credit card. Or if you want to reduce taxes, do not pay for it, just call for the credit card, which it seems the limit on that never runs out, just more and more.
When this man, this man, President Bush, took office, there was a $7 trillion surplus over 10 years. Now there is a deficit of $9 trillion. That is what the Bush fiscal policy has done to this country.
We in this Democratic-controlled Congress believe things should be paid for. We have done that working with the House on everything. We believe we are going to do our very best to do it on this legislation.
But I would suggest to my friend that one of the requests I had is that we vote on--have every opportunity to vote on--what the House sent us.
But without belaboring the point, I think we have two different ways of how this Government should run. One should be on a pay-go basis. If you want to increase spending, you pay for it. If you want to cut taxes, pay for that. For 7 years the Republicans have not agreed with that. As a result of that, we find ourselves in a difficult situation. So I respectfully object to my friend's request.
Mr. President, I appreciate my friend from Oklahoma yielding the floor. I appreciate it very much. He had the right to the floor and I hope he was able to complete his statement.
Golden Gavel
Mr. President, first, I want to recognize the Presiding Officer. One of the accolades that we are allowed, and certainly look forward to giving to the Members of the Senate, is for those people who preside over the Senate for 100 hours a year. My friend from Colorado has reached that pinnacle an hour or so ago. That is a tremendous accomplishment, 100 hours presiding over the
Senate. I congratulate my friend and look forward to the first time we get back after Thanksgiving recess on a caucus day where we make the presentation of the very fine golden gavel. As I have said before, it is a very nice presentation. You will be able, for many years to come, to talk to your children and grandchildren about presiding over the Senate for 100 hours in 1 year.
So thank you very much, I say to my friend from Colorado, who does an outstanding job not only presiding but being the Senator he is representing the people of Colorado.
Transportation Appropriations Conference Report
Mr. President, it is interesting; one Republican Senator said, when we were trying to clear something earlier, to one of my Democratic friends, the reason they couldn't clear our appropriations bill, the Transportation appropriations bill is that they were told the situation with the Republicans is they don't want us to do anything, so they object to everything they can, and that is pretty obvious. So we were prevented from going to the Transportation appropriations bill. It was quite unique that in the time we were doing this the Senator from Minnesota was on the floor. He, above all others, should be weighing in and trying to help us get the Transportation appropriations bill passed. There is money in it to rebuild the bridge in Minnesota.
But we have something else that is vitally important: terrorism insurance. We are arriving at a point where construction cannot go forward. Now construction is already taking place--certainly it can-- but construction projects that are on the drawing boards in a month or so will not be able to go forward because they can't get terrorism insurance because we have not provided it. We have been ready for some time to do that. There is a bill that has been cleared on our side that the Republicans are holding up--a bill dealing with the very foundation of this country--whether the business community in our country is going to have the benefit of terrorism insurance. Without that, it is a dramatic hit to what we need to do in this country for the business community.
I think it is unfortunate. We asked our staffs to check with the minority and they said no, they couldn't clear it; maybe tomorrow. Well, we have a lot of tomorrows around here that seem to never come. It would be a real shame if we could not clear tomorrow the terrorism insurance that is so extremely important to this country.
Iraq
It was interesting to hear my friend from Oklahoma speak about the war in Iraq. But I would ask everyone to look at--and I am sure it is not only in this newspaper--a daily newspaper that I had the opportunity to read today, the Washington Post, the front page headline:
Iraqis Wasting An Opportunity. Brigadier General John F.
Campbell, deputy commanding general of the 1st Cavalry
Division, complained last week that Iraqi politicians appear
out of touch with everyday citizens. ``The ministers, they
don't get out. They don't know what the hell is going on on
the ground.''
If you turn over to page 22, which is carrying this forward--and there are also some interesting things said in this article.
So how to force political change in Iraq without
destabilizing the country further? ``I pity the guy who has
to reconcile that tension,'' said Lieutenant Colonel Douglas
Ollivant, the chief of planning for U.S. military operations
in Baghdad whose tour ends next month.
Mr. President, the situation in Iraq is very desperate. This newspaper article says, among other things:
The Army officer who requested anonymity said that if the
Iraqi government doesn't reach out, then for former Sunni
insurgents ``it's game on--they're back to attacking again.''
We have supported the troops for the entire duration of this war. We are the ones who recognized that there wasn't body armor for our troops, that mothers and fathers and brothers and sisters and wives were writing personal checks to send armor to the valiant troops in Iraq. We are the ones who recognized that. We are the ones who did something about the situation we have at Walter Reed, which was a scandal, how our veterans were being taken care of, but the President wouldn't sign our bill: $4 billion more for these valiant men and women who are suffering from things that have never been suffered in any war ever before. It is a war that has never been fought before. It is a war where these men and women are subject to these phantom attacks, and when they go home after their tour or tours of duty end and they have all their limbs and they can see, they are not paralyzed, they haven't been shot, they still have to get over this post-traumatic stress syndrome, because they have seen their friends get killed or blown up and injured.
I think it is very important to talk about how good our soldiers are, and that is what my friend from Oklahoma is doing. We agree. We have to understand that Iraq is in a state of crisis. You can't have it both ways. The President said he needed these extra troops to get the political situation in tow in Iraq. He has gotten the troops and now he wants to keep them longer. The troops in Iraq now are--because there are some people who are coming home and some who have just gone over there--there are about 180,500 some troops are there now to be exact, right now in Iraq. We don't know how many contractors are there, but there are estimates of up to 150,000. How much longer, Mr. President? How much longer do the American taxpayers have to take care of a country that is the richest or the second richest oil country in the whole world? How much longer?
Yesterday we were told that Iraq has a balanced budget. Isn't that nice. I am glad they do. Why do we need to keep pouring money into them--$12 billion a month. Infrastructure. We have spent billions and billions of dollars on infrastructure in Iraq. How much are we spending here in America? Our President has to look beyond Iraq and look at America.
Earlier today my friend, the Senator from Wisconsin, Senator Feingold, came and asked unanimous consent that we could move forward on the Feingold-Reid legislation, which, in effect, says we have to get our troops out of Iraq very quickly, except those who are there for counterterrorism, force stabilization, and limited training of Iraqis. We are a coequal branch of government. That is why we believe, Senator Feingold and I, that after June 30 of next year, funds would only be used for the programs I have mentioned: counterterrorism, protecting our assets, and limiting training of Iraqis.
But in our legislation it is not a suggestion, not a goal, but binding policy. That legislation recognizes our strong national interest in Iraq and the Middle East, but brings to an end the rubberstamp and unwavering loyalty in a never-ending war which is the hallmark of the Republican-controlled Congress. That legislation fundamentally changes course in Iraq and this almost unimaginably high price that grows every day. And there are 4,000 dead Americans.
(Mr. SANDERS assumed the Chair.)
Mr. President, I was talking about how unusual this war is. Twelve and a half percent of the wounded have eye injuries. I don't know how many we have lost track of because we don't have recent reports, but more than 35,000 have been injured, and 12\1/2\ percent of them have eye injuries. That is how this war is different than other wars in one way.
Last week, a young marine came to my office, 21 years old. He entered the Marines when he was 17. He came to my office with his wife and baby daughter. He had been on his second tour in Iraq. His legs were blown off. I said, ``What happened?'' He said, ``We went to a house where we thought there were some people doing some things that we needed to take a look at. We walked out and somebody detonated a bomb and blew me up.'' He said it had been difficult to adjust. He was holding his baby in the wheelchair. His wife was over his shoulder. Senator Durbin was with me when we visited this young man. Senator Durbin told me today in the cloakroom that he has trouble getting this image out of his mind. We all do. A 21-year-old hero, who will live the rest of his life with these debilitating wounds of war.
He is not the only one, as we know. As if the toll of lives and limbs were not enough, this war also costs billions from our Treasury. We were told by the Joint Economic Committee earlier this week that the war--with the $200 billion he requested--all borrowed money, with a credit card that has no expiration date and certainly no limit. And
that is only the direct costs. We were told by the Joint Economic Committee what the cost of extra borrowed money is doing to our energy policy in this country, and the other things they list is double that.
To this point the war has cost America $1.6 trillion. That is a lot of money. We are not just spending our money; we are maxing out on our children and grandchildren's credit cards. But perhaps the most dangerous cost of this war will be measured in the damages done to our Armed Forces' ability to protect and defend our country. Military readiness is at a 30-year low. Our flexibility to respond to emerging threats beyond the borders of Iraq is greatly hampered. I am not saying this, and the Presiding Officer, the Senator from Vermont, is not saying this; this comes from General Casey, the head general of the Army. He said:
The current demand for our forces exceeds the sustainable
supply. We are consumed with meeting the demands of the
current fight, and are unable to provide ready forces as
rapidly as necessary for other potential contingencies.
That is the lead general of the Army saying that. What is more, we have heard time and time again during the last few months what is happening with recruitment. I have to tell you, I am offended when I hear people from the Pentagon tell us ``we are meeting our recruiting goals.'' You can meet any goal if you keep lowering the standards. You don't need to be a high school graduate anymore. You can have a criminal record. Our military has been hit hard. Not only is recruitment not heading in the direction that I think is appropriate, but what is happening to our officers? These people who go to our military academies are the best and the brightest. I have the opportunity to select people--and I have for a long time--to go to these academies. The best and the brightest of Nevada go to these academies. They finish their mandatory term, and then they are quitting. We are 3,000 captains short right now, and it is going to get worse.
Mid-level officers are so hard to come by. We are doing everything we can to keep them. Huge amounts of money are being given to these people to have them stay in the military.
Let's not forget the cost of the war on the men and women in our National Guard and Reserve. These are men and women we need protecting us and responding to emergencies here at home. But we know, as was exemplified in the storm that hit Kansas, when the Governor said most of his National Guard is in Iraq and the equipment they have is ruined--that is the way it is all over the country. These citizen soldiers have already had 2 to 3 tours of duty of 12 to 18 months each.
Our men and women in uniform have performed more than admirably; they have performed heroically. But these troops--now more than 180,000-- awake each morning on that foreign sand to face another day of risk they cannot predict, and the appreciation they get from the Iraqis is that we do everything we can to protect the Shia, the Sunni, and the Kurds, and they all try to kill us.
It is no wonder GEN Colin Powell said that ``the Army is about broken.'' He was being generous.
If Senators cannot find the courage to stand against the President's failed war policy, I fear GEN Colin Powell might be right. The cost of the war extends beyond Iraq. The whole Middle East has been destabilized. There is a civil war going on in Israel with the Palestinians. Lebanon--could we call that a civil war? It is not much of a stretch. They cannot even hold a Presidential election. Iran is basically thumbing their nose at the world, and we are standing by saber rattling with almost no diplomacy for Iran.
What is going on in Iraq? An intractable civil war that has become even more pronounced in recent weeks, when the Turks gathered 100,000 troops on the northern border of Iraq. The crisis in Pakistan exemplifies what is going on. We not only have trouble in the Middle East, but we have lost our moral standing throughout the world as a result of this. The Bush administration focused on a person and a country, and now we have the situation we have in Pakistan.
The border between Pakistan and Afghanistan has become less stable. Musharraf now seems intent on derailing the path toward democracy. Billions of dollars of American taxpayer money is not fully audited or accounted for. And perhaps as bad as any of this, bin Laden is still wandering around and sending, when he feels like it, a tape to us so we can look at that. He continues to make these tapes taunting us, and his al-Qaida network, according to the President's own intelligence, is regrouping and is stronger than ever.
Meanwhile, on the other side of the border, conditions in Afghanistan--once hailed as a victory--continue to unravel. Ten American soldiers were killed this week.
Now Afghanistan supplies 93 percent of the world's opium. This year is going to be another all-time high production year. The people of Afghanistan suffered through the most violent year since the U.S. intervention. This year, 2007, is the bloodiest year in the history of the war for American troops in Iraq. In Afghanistan, violent incidents are up 30 percent. There is a rapidly rising influx of foreign fighters, and there was a report this morning that the Taliban has vastly stepped up the number of improvised and suicide attacks.
We cannot send more troops there. Listen to what General Casey and General Powell said:
Many costs of the war in Iraq have been quantified:
American deaths, Americans wounded, trillions of dollars in
taxpayers dollars.
The other costs are not easy to calculate. How long is it going to take to repair our military? The estimated dollar value is hundreds of billions of dollars. How many additional troops and dollars will it take to win in Afghanistan? How do you calculate that?
The risk is that the next national security threat becomes a national security disaster because we don't have the troops to take care of it. And all for a war that our troops are fighting harder to win than the Iraqi politicians, who, after months and months of our troop escalation, have failed to achieve any meaningful political benchmarks.
Now the Secretary of State is saying those benchmarks don't mean anything anymore. But they did at one time, and they do to the American people--$12 billion a month, and they have a balanced budget? Ours isn't balanced. They are doing infrastructure development there. We are not. They are building hospitals over there. We are not. So now in this war--soon to be in the sixth year--our troops are no safer, national security is no better protected, Iraq is no closer to reconciliation than in the fifth or the fourth or third years.
We must not forget that we sent our troops to Afghanistan following 9/11 to go after those who attacked us, break up terrorist cells, and stop future terror plans from becoming reality. Now, 6 years later, we have moved far away from that critical fight.
It is long past time to get our national security strategy back on track, and the only way to do that is to stand up to our President. It is our constitutional duty, and our moral responsibility, to do so.
I compliment my friend from Wisconsin for offering his effort today to move forward on the Feingold-Reid legislation. That is what we need to do--bring our troops home.
Mr. President, I am going to be here in the morning and I will talk about the bill we got from the House. I appreciate the work they did. It wasn't easy to get it over here. It is not nearly strong enough for me. I am going to support it. Earlier this week, we gave the President of the United States $470 billion for the troops. We were all happy to do that. He signed that bill and, on the same day, within minutes, he vetoed a bill for the American people--the Labor-HHS, a bill that takes care of some of the education needs of this country, a bill that allows medical research to go forward for dreaded diseases in this country. He said no. So many things for our communities were in that bill. He said no. But to Iraq, he says yes. Don't you think it is appropriate, I say to the American people and the Presiding Officer, that to this man, who wants an additional $470 billion, we say, OK, but we want some accountability? Don't the American people deserve accountability for a war that has already cost the taxpayers $800 billion directly, and twice that in indirect costs? I think so.
Mr. President, I ask unanimous consent that the pending motion to proceed be withdrawn.