Blue Dog Coalition
Madam speaker, I want to thank my friend from Arkansas for organizing this hour to give the Blue Dogs a chance to talk to the Nation about our 12-point plan. I came here 9 years ago and have been a part of the Blue Dog Coalition since that…
Madam speaker, I want to thank my friend from Arkansas for organizing this hour to give the Blue Dogs a chance to talk to the Nation about our 12-point plan. I came here 9 years ago and have been a part of the Blue Dog Coalition since that time and am real proud of the work that they do in trying to bring a message to this Congress and to the country that fiscal responsibility and fiscal discipline does matter.
Now, as our friend from Arkansas, Congressman Ross, said earlier, he grew up in a small town in Arkansas. I
grew up in a small rural community in North Florida just right on the Georgia border, a little community, 3,000 people or so, grew up on a farm. My wife and I still live today on that farm.
I spent all of my adult life as a business person, and, Madam Speaker, one of the things that I learned a long time ago was the lesson that all of our business people out there understand, our government leaders and even those who are not running a business, but are running households, that fiscal responsibility does matter.
We always have to be conscious of our fiscal condition no matter what kind of operation we are running. And indeed, this U.S. Congress and the administration are running the largest business, almost a $2.5 trillion business. That is about the budget, about the average annual U.S. Government budget now. And we are running about a $350 billion annual deficit.
Now, Madam Speaker, I got into politics back about 17 years ago, and one of the reasons that I chose to run for public office was because I was concerned about some of our governments, State and particularly Federal governments, spending more money as a matter of practice than they took in on an annual basis. And so I got into the State legislature, and I watched the Federal Government build annual spending deficits of almost $300 billion.
I think the number in 1992 was about $290 billion, at which point the American people finally said this is not right, we ought to do something about this. Pursuant to that 1992 Presidential election, the United States Government, under a Democratic President and a Republican-run Congress, later on House and Senate after 1994, worked really hard on eliminating that Federal annual deficit. And it went from $290 billion. It was not easy. A lot of sacrifice. A lot of pain. A lot of programs cut, and it was necessary, led by, at that time, President Clinton.
We moved from in 1992 a $290 billion annual deficit, and in a short 8 years later, we actually had an annual surplus. $290 billion annual deficit in 1992. In 2000 we had an annual surplus; our U.S. Government budget was right.
What has happened since then? We have gone from an annual surplus and a $5.6 trillion debt in 2001, when we had the last one, this administration came into office, to today where we have about a $350 billion annual deficit.
As you see there on the chart, a debt amassed at over $8.1 trillion dollars, $27,000 for every man, woman and child in the country. You know, ladies and gentlemen, Madam Speaker, we know what we have to do to eliminate this deficit and start reducing this debt.
We cannot do it all at once. It takes a lot of hard work. We want to use the model that President Clinton and the Republican-led Congress in 1997 put together.
And that is what the Blue Dogs are trying to convince the leaders of the Congress and the administration today, is that it has to come together in a bipartisan way. We have to work together. We cannot continue to try to move policies strictly on a polarized and partisan basis.
I am real honored to be here tonight. Again, I thank the gentleman from Arkansas (Mr. Ross) for putting this together. But I believe that the most important thing we can do in that 12-step plan is to put a provision in our Constitution that requires us to balance our budget.
Otherwise, sometimes maybe the Congress, the administration, do not have the will to do it. So that is one of the points that we should be talking about tonight, and that is a constitutional requirement for a balanced budget. We had many votes on that prior to 2001, prior to the current administration coming in to office. We had many votes on the House floor to put in the Constitution a balanced budget.
But I do not think we have had any since 2001. So I look forward to the discussion tonight. I yield to the gentleman from Arkansas.
I appreciate the gentleman yielding. Some of us were here when we put the 1997 Balanced Budget Act in place. I think you heard Mr. Tanner and the others talk about the economic model. You heard them talk about human capital, health for our citizens, and also education for our citizens.
The economic model that the U.S. has is the greatest experiment in democracy ever in the history of mankind. We are the richest nation in the history of the Earth. I tell my constituents that we have 5 percent of the world's population and control 25 percent of the world's wealth.
There is an underlying model, an infrastructure, human capital that Representative Tanner talked about. We have to get back to this notion of fiscal responsibility and make sure that economic model works. It does not work if we got to go into the markets every year and borrow $350 billion or $400 billion or $500 million to run the government. You are borrowing much of that from overseas so it will not work. What do we do to get back to a balanced budget and to reduce the deficit spending?
One of the really key things is spending caps, and that is the third point of our 12 point plan. Put a lid on spending. We know that you cannot fix it all in one year, but you put in a long-term
plan, a long-term budget. Most of our small business people are used to doing that, a 5 or 3 or 10 year budget, or whatever it might be. That is what we did in 1997, and you cap your spending at certain levels and live within that, and then economically you can grow your revenue to a point where you get back into a balanced situation.
Let me just give you one example of what happened when we did this earlier during the nineties. The non-discretionary defense spending increases were 2.5 percent, the annual increase, during the Clinton years. During the nineties, 2.5 percent, non-defense, discretionary spending.
Under this administration they have been between 8 and 9 percent. We have an annual average growth in government spending between 2001 and 2003 of 16 percent. No wonder we have $350 billion annual deficits. We have to get a handle on that spending.
So that is point number three.
I thank the gentleman from Arkansas. There are several other points. One is something that I think most of us understand. Set aside a rainy day fund. You know, I am sure Mr. Ross, Mr. Cardoza, Madam Speaker, I am sure you have rainy day funds in your businesses or even in your own personal home budgets. Most people understand that. We are not always able to have as big a rainy day fund as we want, and sometimes we have to spend our fund, but, if we do, we try to build it back up.
Congress never set aside a rainy day fund. That is one of the things we want to get Congress to do. That is part of our 12 point plan.
If I can, Mr. Ross, I will go on to number seven, and that is one that really bugs me a lot. When you move from a $5.6 trillion debt in 2001 when this administration came into office to a $8.137 trillion debt, that is $2.5 trillion of additional money that Congress had to borrow on behalf of the American people to pay our bills. That has to be authorized in statute. That has to be authorized. The Treasury cannot just go and borrow the money without the U.S. Congress authorizing it and the President signing it into law.
We have gotten into a bad habit around here in the last few years of raising that debt limit without a separate vote. You know, from time to time our listeners, our constituent, have to go and borrow money. Most of the time when they have to borrow money, they have to get a corporate resolution, some sort of authorization to go borrow that money. They have to have a meeting, have to have a vote of the board.
Guess what? Here, we stick it into some other bill that has to be passed, or some self-executing rule or something like that, and never have a vote on the debt limit increase.
I think that is the seventh point of our 12-point plan.
It is the American people's tax money, and we should justify if we are going to spend it.
The work we have done here the last 2 or 3 days, we are 8 days before Christmas, we are working really hard to try to get out of here and doing some work that has been put off that should have been done earlier in the fall, even earlier in the summer. But the work that has been done here in the last 2 or 3 days, all of it has been done under what we call a marshal law rule which allows bills to be brought to the floor without even 24 hours' notice. It really exacerbates this problem of having stuff going into the statutes that Members really do not have a chance, the American people do not have a chance to read and understand. I think this solves that problem.
Honesty and integrity are basic character traits that our citizens warrant us to have. We see so much of that in all of government now, the dishonest statements, the misleading statements, people defrauding or bribing or taking bribes, those kinds of things. Corruption, it is a pattern of corruption. And this is what this is about.
We want honesty and integrity in our government. I think we should shoot straight and talk straight with the American citizens.