Madam Speaker, I yield myself 1 minute. I rise in favor of this PAYGO legislation. This has been a priority of mine and my Blue Dog colleagues for many, many years, and I am proud to stand here today where we're on the brink of final…
Madam Speaker, I yield myself 1 minute.
I rise in favor of this PAYGO legislation. This has been a priority of mine and my Blue Dog colleagues for many, many years, and I am proud to stand here today where we're on the brink of final passage of this very important legislation.
Madam Speaker, PAYGO was the very first bill that President Obama sent to Congress last year, and the progress we made in the last year would not be possible without his support. And I want to thank the President for weighing in and supporting fiscal responsibility.
I also want to take a moment to thank the leaders of the House who have been so important, particularly Speaker Nancy Pelosi, who has a commitment to fiscal responsibility, Majority Leader Steny Hoyer, who you've already heard from, and also chairman of the Budget Committee, the gentleman from South Carolina, John Spratt.
My Blue Dog colleagues and I will continue to advocate for tools to bring our fiscal house in order because this is only the very first step. It is a small step, and it will not solve all of our problems that have been created over the last decade, but we will continue to advocate for tools that will pave the way for long-term economic stability.
I reserve the balance of my time.
Madam Speaker, it is my pleasure and privilege to yield 2\1/2\ minutes to the Budget Committee chairman, the gentleman from South Carolina (Mr. Spratt).
Madam Speaker, I yield 1\1/2\ minutes to the gentleman from Maryland (Mr. Van Hollen).
Madam Speaker, I yield myself 30 seconds.
Madam Speaker, you hear a lot about when the debt was incurred. I think it's important that we all understand that the policies that were put in place that caused that debt to be incurred started in 2001 with the economic package. Subsequently, we had the war, and then we had a recession. All that came from 2001 to 2007. That was under the policies of the previous administration and the previous Congress. So I want the Members to keep that in mind.
General Leave
Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on this motion.
Madam Speaker, I would like to yield 1 minute now to the gentleman from New York (Mr. Bishop).
Madam Speaker, I yield 1 minute to the gentleman from Vermont (Mr. Welch) who is also a cosponsor of the original PAYGO legislation.
Madam Speaker, it is my privilege to yield 1 minute to the gentleman from Indiana (Mr. Hill), a real leader on this issue for all of his years in Congress.
Madam Speaker, I yield myself 1 minute.
Madam Speaker, PAYGO, when it was put in place in the past in the 1990s, was put in place with bipartisan votes. It is my hope that the gentleman from Indiana will work with us in a bipartisan way.
The first thing we must do is understand exactly what PAYGO does. He said, for example, that PAYGO has a list of exemptions which wouldn't affect current spending programs. Well, PAYGO has nothing to do with current spending. It speaks to additional and new entitlement, mandatory spending programs and-or tax reductions, changes in law.
So the first thing we should do, Madam Speaker, is get a good understanding about exactly what PAYGO does do--stop digging the hole, and
then we can begin to fill in the hole and reach fiscal responsibility, reach a balanced budget like we did back in the 1990s.
Madam Speaker, with that, I yield 1 minute to the gentleman from Illinois (Mr. Quigley).
Madam Speaker, it is my privilege to yield 1 minute to the gentleman from New Jersey (Mr. Andrews).
(Mr. ANDREWS asked and was given permission to revise and extend his remarks.)
Madam Speaker, may I inquire how much time each side has.
I reserve the balance of my time.
Madam Speaker, I yield myself 15 seconds.
I would like to remind the gentlelady from Wyoming that we did borrow-as-you-go since 2001, and we want to do pay-as-you-go starting now.
It is my privilege to yield 1 minute to the gentlewoman from Pennsylvania, the vice chair of the Budget Committee, Ms. Schwartz.
Madam Speaker, it is my privilege to yield 2 minutes to the gentleman from New York (Mr. Hinchey).
Madam Speaker, I yield 1 minute to the gentleman from North Dakota, a fellow Blue Dog, Mr. Pomeroy.
Madam Speaker, it is my privilege to yield 1\1/2\ minutes to the gentleman from Tennessee, a great leader on this issue for many, many, many years, leader of the Blue Dogs, Mr. Tanner.
Madam Speaker, it is my privilege now to recognize the Speaker of the House, and yield 1 minute to the gentlelady from California (Ms. Pelosi).
Madam Speaker, it is my privilege to yield 1 minute to the gentlewoman from Pennsylvania (Mrs. Dahlkemper).
Madam Speaker, it is my privilege now to yield 1 minute to the gentleman from Rhode Island (Mr. Langevin).
(Mr. LANGEVIN asked and was given permission to revise and extend his remarks.)
Madam Speaker, may I inquire how much time I have left?
Madam Speaker, I yield myself the balance of my time.
Madam Speaker, it's been a good debate, and I join my colleague and friend Mr. Ryan of Wisconsin in a call for working together in a bipartisan way to solve these problems. Madam Speaker, that's the only way that we will solve this massive problem that we have. I don't think any of us take pleasure--I know Mr. Ryan doesn't and I don't--in being here and talking about having to raise the debt ceiling because of policies we have put in place in the past that have incurred a tremendous deficit and mounting debt in this country. I would be less pleased if I had voted for those policies, and I would be embarrassed.
I can give you an example: the economic package of 2001 that carried us down this trail; subsequently, 9/11; subsequently, Medicare prescription drug
programs unpaid for; wars that we continued to cut taxes while we were committing our troops overseas and hundreds of billions of dollars to prosecute those wars.
Madam Speaker, we have to stop this foolish policy of spending more than we take in. Congress has consistently shown that we don't have the will to discipline ourselves when it comes to spending the revenue. Pay-as-you-go legislation is a tool that will put us back on the right path to fiscal responsibility. It worked in the past, as others have said, put in place first by George W. Bush, Sr., along with the Democratic Congress, and then later on by President Clinton with the Republican Congress. We can do it again if we work in a bipartisan way. This is a great first step, though.
For those who criticize the legislation as having too many exemptions, I'm very pleased to hear Mr. Ryan and others say they've changed their tune about exemptions, because I've got some vote sheets here that show that they voted to enact spending programs or mandatory programs that we had paid for, but they voted against the bill when it's paid for and then voted for it when it's not paid for. So I assume that means that they have taken a different approach into how we're going to do business in the future. This pay-as-you-go legislation not only will encourage that, but will require it statutorily.
I yield back the balance of my time.