Mr. President, I really take to the floor, first of all, under the order to call up an amendment I have at the desk. I ask unanimous consent that the reading of the amendment be dispensed with. Mr. President, this is an amendment I have…
Mr. President, I really take to the floor, first of all, under the order to call up an amendment I have at the desk.
I ask unanimous consent that the reading of the amendment be dispensed with.
Mr. President, this is an amendment I have decided to offer to our colleagues as a supplement to an amendment offered by Senator Thune.
Senator Thune makes the point that global warming legislation should not increase electricity prices. It is very interesting because I didn't hear the concern from the other side of the aisle--it also refers to gasoline prices--when gasoline prices hit almost $5 a gallon in our home States. We didn't hear an outcry. There was no global warming legislation. It had nothing to do with it; it had to do with manipulation. We didn't hear any outcry about that.
I think Senator Thune doesn't go far enough because we believe that revenues from a climate bill, should we pass one--and I certainly hope we will--would be used to offset any kind of an increase in electricity and gasoline prices, and we would have the revenues from a cap-and- trade system to do just that. So I think Senator Thune's amendment doesn't go far enough. We not only don't want to see an increase in prices, we want to have the revenues coming in through cap-and-trade legislation to make consumers whole.
In his argument for his very narrow legislation, which I will be voting for--I don't have a problem with it--Senator Thune cited a study by MIT to argue that climate legislation is a tax. In fact, the MIT study actually shows why it is important to capture the overall picture because the MIT study actually points out that the monetary value of allowances under a cap-and-trade program is something that Congress would have the option of using to give a family of four a tax rebate--a tax rebate--that could be as high as $4,500 per year by the middle of the next decade.
So I find it amazing that my Republican friends who oppose taking any action on global warming suddenly have discovered the consumer and they are worried that the consumer would pay high prices when we fight global warming when, in fact, a well-designed program--and I say to the Chair, as he is a proud member of our committee--a well-designed program, as he knows, will give us the ability to refund money to consumers and make sure they are healthy and kept whole.
So this legislation simply says that we will ensure that our legislation relating to clean energy does not increase electricity or gas prices or does not increase the overall burden on consumers, and that is the key. So it is going to be a boon for consumers.
So we will be voting for the Thune legislation and hopefully for the Boxer legislation so that we cover all of our bases and we know that global warming legislation is not going to hurt consumers but actually keep them whole and clean up their environment; it is going to create green jobs and all the rest.
I wish to spend a couple of minutes talking about this budget, and I wish to start off by thanking members of the Budget Committee. Again, my colleague in the chair is a member of the Budget Committee. They worked very hard under the leadership of Senator Conrad to come up with a product that keeps President Obama's priorities intact, that does more for deficit reduction, and I am very pleased about it.
I wish to say that I am very pleased the American people have not fallen for the same old, same old policies of the Republicans as they try to demolish this new President and they try to destroy his reputation and try to bring him down. We don't have the charts that talk about the same old policies, so if we could get those. There is a series of charts.
I have taken to the floor before to talk about the comments of my Republican friends during the debate on the Clinton budget, and we all know--here is the message. We all know the Republicans repeat the same old politics, the same old policies that got us into this crisis.
I wish to take you back to 1993. The Republicans came to this floor, and they tried to demolish the Clinton budget. Not one of them voted for it. The Democrats had taken over from George Bush's dad. Things were in very bad shape.
This is what the Republicans said about the Clinton budget in 1993:
It is just a mockery. It is just a mockery, said Committee chairman Pete Domenici.
Senator Hatch: Make no mistake. These higher rates will cost jobs.
Phil Gramm said: I believe hundreds of thousands of people are going to lose their jobs as a result of this program--including Bill Clinton, he predicted, would lose his reelection.
Connie Mack: This bill will cost American jobs.
What happened as a result of the Clinton budget? Twenty-three million jobs were created. It was the best record ever in peacetime--the best record ever in peacetime.
Senator Roth of the other side: It will flatten the economy. It is bad policy.
And on and on and on.
Now here we have today--this is years later, more than 10 years later--the same old politics, the same old policies. Just listen to my Republican friends trashing Barack Obama's budget: disaster, disastrous, terrible, deficits as far as the eye can see. That is what they said about the Clinton budget too--deficits forever. Guess what. Guess what. Not only did we have a balanced budget under Bill Clinton by the end of his term, we had a surplus.
So as our Republican friends come to the microphone, I want my colleagues to listen carefully to their words. I am proud of the American people for seeing through this. They understand what got us into this mess. Clearly, what we can see is the same old, same old, same old; the party of nope: Nope, we can't change. Nope, nope. I, frankly, would rather be in the party of hope than the party of nope, and hope is what the American people want.
In this budget, we recover from the Republican deficit. It is true in the short-term we are going to see deficits go up. But as shown to us by Senator Conrad, who is the biggest deficit hawk in this Senate--I challenge anyone to be more of a deficit hawk--we see we are beginning to turn these deficits back down to sustainable numbers.
We know why the American people support President Obama and the Congress right now--because they saw that George Bush took record surpluses and turned them into record deficits. The national debt increased by 85 percent. The foreign-held debt more than tripled. This is the Republican deficit we are dealing with now, and we don't like it. But we are going to fix it as we did under Bill Clinton. We fixed it then, we will fix it now. The people are smart. When Republicans come to the floor and they fight President Obama, the people in this country--Democrats, Republicans, and Independents alike--are saying give this new President a chance. He inherited this mess.
Let's look at the rest of the deficit that happened with our families. Health insurance premiums have risen, energy prices increased, college costs skyrocketed, and the gap between the wealthy and the middle class widens. That is the part of the deficit this President was left with. We are losing the middle class in this country. That is very clear. It is very clear. All you have to do is look at income levels. That is why when my Republican friends come to the floor to trash the President and the budget, they understand what has happened. It is not a mystery.
This is not a theoretical argument about who is right and who is wrong. We now know what happened in the Clinton years: the best economy in peacetime, 23 million jobs, surpluses, debt on the way down. We know what happened. When George Bush took the keys to the Oval Office, he turned it around into the Republican deficit. We know that happened. The people are smart; they get it. That is why they support this.
Let's look further. I said before when George Bush took the keys to the Oval Office, there was a surplus of $5.6 trillion. That was the projected surplus. They turned it into a deficit of $10.6 trillion. That is what happened under the Republicans. Why should we listen to what they are saying now? They are saying the same old thing. GOP, SOP, same old policies.
Now, what our President is saying is that we are going to have a road to change. That road to change is going to be paved with a few simple things. One is energy independence; two, making college affordable; three, lowering health care costs; four, middle-class tax cuts; five, cutting the deficit in half in the next several years. Let me repeat them. Energy independence, making college affordable, lowering health care costs, middle-class tax cuts, and deficit reduction.
What do my Republican friends stand for? The same old policies, the same old thing--no investment, no imagination, no realization that until we get off of foreign oil, and we lead the way on global warming, and we lead the way on lowering health care costs, we are going to be stuck in the same old place. That is why this budget is so crucial and important, because it is a roadmap of our Nation's priorities.
The President ran on these issues. He is doing what he promised he would do--everything. The American people are saying that we know times are tough, but this President is trying, this Congress is trying. That is better than the status quo. If you read anything about the years of the Great Depression, you realize that what our people wanted then was what our people want now; they want us to try. They want us to shake things up, to invest in our people, and to create the jobs that will come along with these important policies.
There are a lot of middle-class tax cuts in this budget. The President extends the child tax credit, eliminates the marriage penalty, and increases education benefits. These are important for our people. So this budget, all told, makes a lot of sense for our country.
Senator Thune has offered an amendment in which he says electricity and gas prices should not rise as we pass global warming legislation. We agree with that. We don't think his amendment goes far enough, because what we want to see is global warming legislation that passes that uses the revenues to help consumers, that uses the revenues to invest in new technologies, that uses the revenues to create jobs, to build transportation systems, to make sure our forests continue to act as carbon sinks, taking carbon out of the air.
Mr. President, how much time do I have remaining at this point?
Mr. President, I ask if the Chair will let me know when I have 5 minutes.
Mr. President, I said before that when my Republicans friends come to the floor, the American people should be wary. That is because they trashed the Clinton budget, and they were wrong then. Now they are trashing the Obama budget, and they are going to be wrong again. Even more than that, let's see what they said about the Bush budget--the Bush budget that led us into this mess.
Senator Gregg I have a lot of respect for, but he was wrong on the Bush budget. He said the Bush budget would drive the deficit down and produce a surplus in 2012. It is hard to believe that was the prediction. We had deficits as far as the eye could see under George Bush. The leader of the Republicans on this predicted there would be a surplus under the Bush budget. As a matter of fact, we are in the biggest economic mess since the Great Depression that this new President has to lead us out of. We need to help him. We really need to help him. It is very important that we do.
I thank the Budget Committee for including in the budget a reserve fund that will be able to make global warming legislation a reality. In other words, the committee is saying this may happen and they have set aside a reserve fund. It is important. It sets the stage for legislation. I guess the message I want to give to my colleagues who oppose any legislation--and there are a lot of them--I have bad news for them. Whether they support it or not, action on global warming has already begun. The train has left the station. The Supreme Court--this Supreme Court--voted 5 to 4 that the Clean Air Act actually does cover carbon emissions, greenhouse gas emissions and, therefore, the EPA has the power to say to our businesses: Clean up your act for the good of society.
Frankly, as far as I am concerned, knowing what I know about the consensus of scientists, I think it is urgent that the EPA act. But I also know it would be far better if this Congress acted, because if we acted, we could set up a cap-and-trade system. The EPA cannot do that without legislation. That cap-and-trade system will bring in revenues to help our businesses, help our consumers. I think at the end of the day it will lead us to millions of green jobs, a new economy, and lead us down the path of energy independence.
Let me say to my friends who will oppose the legislation when it comes--and it is coming--here is your choice: You can fight it tooth and nail and stop it any way you want. You can even say never use reconciliation, even though you supported it 17 times in the past. If that is what you want to say, say it. We already have the New England States which have come together and they are doing a cap-and-trade system. The western States have gotten together and they are doing a cap-and-trade system. We have the Midwest involved with Canada doing a cap-and-trade system. We have the EPA having to act because of the Supreme Court. We have the California waiver out there.
So we are acting on global warming. The question is: Will we do it in a way that turns this challenge into an enormous economic opportunity-- and, of course, that is what I want to do. That is why so many businesses, and now
more and more labor unions, are supporting the passage of climate change legislation. Look, we know, because our own scientists have told us here at home, there are risks to public health if we don't act: more heat-related deaths, water-borne diseases from degraded water quality, more cases of respiratory disease, including lung disease, from increased smog, and children and the elderly are vulnerable. We know what the future will be like. We would never, ever, take our kids in an automobile and park it in the sunlight next to a supermarket, lock all the windows, and go inside and leave them alone. We would never do that. Well, as legislators, we cannot do that to our constituents.
The fact is we know what is happening. The IPCC, Intergovernmental Panel on Climate Change, warned us that unchecked global warming would lead to reduced snowpack in the western mountains, critically reducing access to water. We are already seeing insect invasions damaging our forests. We know that every State in this great Union will be impacted, and some are already impacted. We know that. In New York, a report predicts that northeastern cities could be hit the hardest as sea levels rise, including flooding of their subway system. We know Florida is another very vulnerable place. A huge population is exposed. New Orleans and Virginia Beach are ranked in the top 20.
It doesn't matter where you are in this country, you are going to be impacted. Your agricultural sector will be impacted, your tourism sector will be impacted, your fishing industries will be impacted.
So here is the deal: Either we pass legislation that turns this challenge into a great opportunity, gives us the resources to get us on the path to energy independence, gives us resources to create millions of green jobs, or we allow the States to do what they want to do, and that is fine. I support that. There will be various States doing their own cap-and-trade system. The whole world will do it. But Members of the Senate will think, oh, if that is what they choose to do, that is their choice. But we will fight global warming, and we already are. It is just that we are not doing it in a way that is beneficial to our working people, our families, and our children.
I have to tell you a story. We had yet another hearing in the Environment Committee on the latest science on global warming. We heard what we expected to hear--the predictions are getting more and more dire. The Republicans invited a witness, and I think the occupant of the chair will remember this. He was a very good witness. But at the end of his remarks he lost his way. This is what he said:
I don't know why everybody is so worried about high levels
of CO2. We have had levels that have hit a
thousand parts per million before, and everything was just
fine.
I asked him:
Sir, you are an expert. When was it?
He said:
Eighty million years ago.
I said:
Who lived then?
He said:
The dinosaurs.
I have to say that is not an answer I am going to give to my grandkids--that in order for them to live in the future, they are going to have to become dinosaurs or they won't make it. This is ridiculous.
The Senate is the last place to get the message. We are going to do everything we can to bring legislation later. I know what the Budget Committee did was a sound decision. They said we are not getting into it, but if the committees do act, we will set aside a reserve fund, so they can make sure there will be an order when they do act.
I am very happy to say that my House colleagues are working on legislation. The prospects are looking very good over there. We will be ready to go. But let me say this: The choice is between a livable world and one that is not livable. If my colleagues cannot understand this, then I am very sorry. But in any case, we are going to fight global warming. We will do it in the right way.
We are going to have an amendment that goes beyond what Senator Thune has done. I am going to tell my colleagues to support the Thune amendment and the Boxer amendment so that we make sure our consumers are kept whole as we move forward with legislation.
I reserve the remainder of my time.
Reserving the right to object, what I am concerned about is, according to MIT, if we did a cap-and-trade system and we did it right, a family of four would get a tax rebate of $4,500. What is happening here is they are trying to make it more difficult for us to get a cap-and-trade system, get the revenues, and return $4,500 per family. I object.
Reserving the right to object. It is hard for me to believe that three or four Senators come to the floor to try to control the agenda of the various committees, which we are very proud to serve on.
I also wish to say that 19 times since 1980 has reconciliation been used, and by far and away more times by the Republicans--namely, 13 times they used it. They never came here and complained. They used it. I have the record.
Mr. President, I ask unanimous consent to have printed in the Record the number of times Republicans have used reconciliation.
I object to the Senator's unanimous consent request.
Reserving the right to object.
Mr. President, the problem with this--and I could support it if it were made clearer--is it doesn't take into account that we could have some very important new programs that actually result in consumers getting rebate checks. So you may have an increase temporarily, before we get free of foreign oil, in an energy cost that is totally offset by a refund and a rebate. So this would hamper the committees from doing what MIT says we should do, which is, when we do tackle this issue of energy independence, make sure we have the revenues to rebate funds back to the American people.
I do not want to block the possibility of that so I am going to object in a moment. But I have to respond to Senator Gregg. This is the first time I saw the Reagan revolution be so downplayed by my Republican friends. ``Oh, nothing new was done by reconciliation.''
It was the Reagan revolution. It was Bill Clinton changing welfare as we know it. I have it all here. So let's not say now, oh, the 13 times the Republicans supported reconciliation it wasn't anything major; it was little minor things.
The record is replete with what reconciliation did. Why are they so afraid of reconciliation? They embraced it time after time. Don't be so fearful of the rules of the Senate. Reconciliation is a rule allowed by the Senate. Let's not say we could never do it again, never look at it again. It doesn't make any sense.
I am going to object to this because I think in the end it could cost consumers more.
About 3 minutes, if I could.
Mr. President, I am so pleased to have these 5 minutes to correct the record. First, Senator Gregg takes the floor and says he opposes a national sales tax; that is what cap and
trade is. I defy Senator Gregg to show me where there is a national sales tax.
This is what is so interesting. A cap-and-trade system was invented in America to fight acid rain. It has been one of the most successful programs. For acid rain, we used the cap-and-trade system, and it has worked. By the way, it has worked in the State of Senator Gregg.
The other thing I want to put in the record is, Senator Gregg made a statement to my committee in January 2007. He said:
I believe Congress must take action to limit the emissions
of greenhouse gases from a variety of sources. The
overwhelming scientific data and other evidence about climate
change cannot be ignored. It is for this reason I have been a
strong advocate for mandatory limits on greenhouse gases.
I ask unanimous consent that this statement be printed in the Record.
Now he is here trying to do everything he can to block us from taking action to reduce greenhouse gas emissions.
Then we have Senator Thune arguing that we are going to see taxpayers take a huge hit, consumers take a huge hit, if we pass global warming legislation. Where was Senator Thune when gasoline prices in my State reached almost $5 a gallon? That wasn't because there was cap and trade. We had no cap and trade. What happened? We saw gas prices go from $1.50 to $5. We saw the biggest increase in history under George Bush as President on gas prices.
Was it about cap and trade? Obviously not. We had no cap and trade. It was speculation in the market. Where was my friend Senator Thune with all kinds of amendments? He wasn't here. Where was my friend Senator Thune and my friends on the Republican side when Enron was speculating and price fixing and saying they didn't care if old ladies went broke? Nowhere. That had nothing to do with cap and trade.
I am going to list some of the corporations that support a cap-and- trade system: Alcoa, BP America, Caterpillar, Chrysler, Conoco, Deere, Dow, Duke Energy, DuPont, Ford Motors, General Electric, Johnson & Johnson, PepisoCo, and so on. Even Shell Oil understands if we want to have a future, we better stand up and be counted.
Here is the point: My colleagues are doing everything they can to narrow our options on how we deal with climate change. As chairman of the Environment Committee, I want all the options at my fingertips. If colleagues don't want to do it, I understand it because, guess what. Game over. We are already fighting back. EPA is getting ready because the Supreme Court told them they had to make sure greenhouse gas emissions were reduced under the Clean Air Act. They were sued. The Bush administration said: No, greenhouse gases aren't covered under the Clean Air Act. Wrong. So the EPA is off and running. They have to be or they will be sued again. They are already working to see that greenhouse gas emissions are reduced.
Are States? A majority of States are involved. A lot of States have their own cap-and-trade system. The Northeast corridor, the west coast, they are working with Canada, Europe, and everybody else.
If my Republican friends want to put their head in the sand and have the Senate be the only place in the world that isn't taking action on global warming, be my guest. The train has left the station. The EPA is doing its work. California and 19 other States are working to get a waiver so they can cut back on greenhouse gases in terms of motor vehicles. In New England, they have their own cap-and-trade system. The Midwest is working with Canada.
If my friends want to stand around and listen to the minority witness who said: Don't worry about it. There were times in history when carbon was 1,000 parts per million, and everything was fine. But when we pressed him, he admitted the only life on Earth then was dinosaurs. I knew the people who are against this were looking backward, but I didn't realize they were going back that many years when only dinosaurs roamed the Earth.
I will fight hard to keep all our options on the table. We are fighting back, and we will eventually be victorious because mankind is depending on us.