Mr. President, I take this time to comment on a vote that took place earlier this week that the people of this Nation are having a hard time understanding--why the Republicans are filibustering legislation that will allow us to consider…
Mr. President, I take this time to comment on a vote that took place earlier this week that the people of this Nation are having a hard time understanding--why the Republicans are filibustering legislation that will allow us to consider job growth in America. It is a filibuster, and that happens so frequently in this body that it seems to be standard operating procedure for the Republicans. But in this case I think the American public realizes they have gone too far.
We have to create more jobs. We have to create more jobs so our economy can grow. There are millions of Americans who are seeking work and cannot find jobs and they need work in order to support their families. We need more jobs for our economy to grow.
We got into a debate in August about what we were going to do about raising the debt ceiling and we were all concerned about the deficits this country has. Yes, we are concerned that our current deficits are not sustainable, but we will not have a budget that is sustainable unless we have more jobs. You can look at all of the programs to reduce government spending or to try to bring in more revenues, but if we do not create more jobs we are not going to be able to get our budget into a semblance of order.
The reason for that is simple. The more people out of work, the more reliant they are on government services and the less taxes paid in to pay our bills. So for the sake of those who are seeking employment, for the sake of our economy, for the sake of our budget, we have to create more jobs.
We had a vote this week on moving forward on S. 1660, the President's jobs initiative. It was a motion to proceed. It was a motion to bring the bill to the floor so we could get into a debate about the best way to create jobs. Many of us thought we would have amendments that would enhance and improve the President's package. The President's package was a starting point for our debate. But the Republicans said no, we are going to filibuster even the opportunity for us to consider jobs legislation. They wouldn't even allow us to move forward.
We had a majority of the Senate. We had enough votes to pass it or at least proceed if it were a simple majority, which is what most democracies believe is the right standard. But, no, we had a filibuster that did not even allow us to consider the jobs bill on the floor of the Senate.
I find that most surprising. When you look at the President's proposal, the individual provisions have bipartisan support. This is not a Democratic proposal. Every one of the provisions that
the President included in his package had bipartisan support. The Congressional Budget Office said the President's proposal would actually reduce the deficit and would create jobs. It has been validated by the outside experts. Marc Zandi, the chief economist at Moody's--he was also, by the way, the economic adviser to Senator McCain during the 2008 Presidential campaign--said, talking about the President's plan, ``The plan would add 2 percentage points to GDP growth next year, add 1.9 million jobs, and cut the unemployment rate by a full percentage point.''
There are many others. Macroeconomic Advisers said that the President's package would:
Boost the level of GDP by 1.3 percent by the end of 2012,
and by 0.2 percent by the end of 2013--
In other words, we are moving in the right way; and then went on to say:
Raise nonfarm establishment employment by 1.3 million by
the end of 2012 and 0.8 million by the end of 2013. . . .
The Economic Policy Institute estimates that the President's job bill would create 2.6 million jobs over 2 years and protect an existing 1.6 million jobs.
Republicans say we cannot even talk about this on the floor, the majority shouldn't at least be able to bring forward this issue so we can have a full debate in the Senate.
The President's proposals included areas in which I think there is strong bipartisan support--to help small businesses. We all know small businesses are the growth engine of America. That is where jobs are created. That is where most innovation will take place. The proposal would help small businesses with new hires on their payroll and expensing of investments so they have an incentive to invest in job growth. That is what was in the President's proposal to help small businesses.
In the President's proposal was help for our veterans. We all talk about our warriors, our soldiers, out there every day protecting our values. They have represented America so brilliantly in international combat. Now they are coming home to America. They are coming home and they cannot find work, cannot find a job. The President is saying let's help them. We all talk about doing what we can to help our warriors. This bill did something tangible about it.
What did the Republicans do? They filibustered an opportunity to even talk about a bill that could help create more jobs.
The proposal also provides for infrastructure. Infrastructure is building. It is rebuilding America. Democrats and Republicans agree on that. We have to rebuild our bridges and our roads. The bridges are falling down. Roads are in desperate need of repair. Roads help provide economic growth for our country. It would help us rebuild America, create jobs through those who construct these new roads and bridges and electric grids, et cetera, but then also make America more competitive.
It would help those who are unemployed in several ways. First, it would provide not just unemployment benefits, which are important because they help families keep their homes and keep their family together and help our economy because that money is spent, it also reforms the unemployment system, so we train those who are out of work for jobs that are available. In many cases, as the Presiding Officer from Ohio knows, those who have lost their jobs are going to have to find employment in a different area. Well, the unemployment system should be reformed so that they could be trained for those types of jobs. That was in the proposal the Republicans would not even allow us to bring up. They filibustered rather than allow the majority to bring forward a bill to help create jobs.
The bill was paid for. As I have indicated before, it didn't increase the deficit. The Congressional Budget Office said it would actually reduce the deficit.
I want to make the point I made earlier and underscore this: The motion to proceed was the starting point for the debate--the starting point. I had three amendments I wanted to bring forward--I am going to talk very briefly about those three amendments--that I think would have improved the President's bill.
One would allow the Small Business Administration surety bond program--this is a program that gives small construction companies the ability to move forward with construction work. It would increase the surety bond program from $2 million to $5 million. It was an amendment I offered to the American Recovery and Reinvestment Act. Let me tell you about the success of that program. As a result of increasing the surety bonds from $2 million to $5 million, we saw a jump of 36 percent in 1 year, 2010, in construction work for small businesses. That is quite a success story. Guess how much money that cost the taxpayers of this country in direct costs. Zero, no cost to the taxpayer. Well, my amendment would make that extension permanent. And it is bipartisan-- Democrats and Republicans support it.
I have another amendment that would expand the infrastructure work to include water projects. Water projects are in desperate need. We have a huge need to deal with the way we treat wastewater and our safe drinking water. My amendment would add $30 billion for infrastructure in our water projects. It would provide $20 billion to the Clean Water State Revolving Fund and $10 billion to the Safe Drinking Water Act.
I would like to talk about one more amendment, which is the cool roof bill I filed with Senator Crapo which would change the depreciation schedule for those businesses that put on modern roofs that are energy efficient and would create 40,000 jobs and help our energy policy. This is another amendment I cannot bring forward because the Republicans filibustered the motion to proceed, so we can't bring up the jobs bill.
Well, Americans want us to consider jobs legislation. I hope we find a way to do it. I can tell you that I am going to continue the fight to create more jobs for America because that is America's future. Our economy depends upon it, and we need to continue to focus on how we can create more jobs for the American economy.
I yield the floor.