If I could interrupt my friend, it was very reminiscent of the glory days of the Boston Celtics. In the old Boston Garden and in the new Garden they hang, I think, 16 flags representing world championships won by the Boston Celtics, and I…
If I could interrupt my friend, it was very reminiscent of the glory days of the Boston Celtics. In the old Boston Garden and in the new Garden they hang, I think, 16 flags representing world championships won by the Boston Celtics, and I hope at some point in time the Miami Heat does as well.
Of course. They are in the rebuilding mode.
Let me give a very concrete example that was reported Saturday in my hometown newspaper, one of them, the Boston Globe. The headline read: ``Cost of college piling debt on Massachusetts families.''
``Massachusetts families fell a total of $562 million short of being able to pay for college in the State last year, according to State officials, highlighting the struggle for families to afford higher education in Massachusetts.''
Now that $562 million represented the portion of college costs a family cannot afford to pay that is not covered by Federal, State or institutional grants or loans. And when aid falls short, many students make up the difference with private loans they have trouble repaying.
Here is a quote from a young student: ``My dad had to take money out of his 401(k) twice because during the semester we weren't given enough in grants and student loans to meet the amount we had to pay.''
The article goes on to say that students are covering the funding gap with higher-interest private loans, credit card debt, and too many hours of work outside of school.
Now I sat on the Administrative Law Subcommittee of the Committee on the Judiciary where for 5 or 6 years we reviewed the proposal for the so-called bankruptcy law. I was always struck by the number of solicitations that were going to students to utilize their credit cards. Some would send a check.
I remember in the debate bringing a blown-up posterboard of a check that my daughter received for $2,500. And as part of the solicitation, there was an opening salutation that said: ``Have a good spring break.''
Well, the truth is that those credit card solicitations were putting in the hands of students credit cards that carried with them 18 percent, 22 percent, 26 percent, 30 percent interest rates. So what we are doing is not only creating a culture where credit card debt is an acceptable norm for paying significant loans, but we are graduating our students with average debts of about $10,000 on which they are paying these exorbitant credit card rates.
I would suggest that this particular study illustrates exactly what you said. Rather than cap loans that students can take out, or that parents can take out in their behalf, what we are doing is forcing these young people, our future, to go to private sources such as credit cards, and private lenders at rates that would make the Mafia blush. They ought not to be called interest rates. They ought to be called the vig. That's what the Mafia charges for a loan.
So what happens? We graduate young people, and for years they are carrying around this debt that is impossible if they are going to go on and get married and have a family of their own. It is like graduating from college and having a mortgage that you are paying off at some ridiculous rate of interest. And forget about owning a home, forget about taking a chance and initiating your own small business if that be your choice.
One can only imagine that young person graduating from college with this debt.
But being 30-something, things were better.
For you when you were 20-something than your 30- something.
But the point that you are speaking to, I think everybody understands, is that the country is heading in the wrong direction. In the space of 15 years, people that were in your situation, as you just described it with your husband, newly married, in a short period of time being able to afford a down payment, no tuition debt, and prospects for a bright future. That is not happening today. And a lot of our friends can understand it because they continue to talk about, well, the economy is growing. I guess the question is who is it growing for? It is not growing for the middle class. It certainly isn't. It isn't growing for low income. In fact, it is not even growing for those who are affluent. It is growing for the superwealthy.
And yet we have not begun to even address the real issues of rebuilding the Gulf States, of taking care of the people in Mississippi and Louisiana, and allowing the insurance companies in those States to tell people that, sorry, you are not covered, despite the fact that they were told early on. Thankfully, we have leaders, and I am particularly proud of someone like a Gene Taylor and others from the Gulf States that stand up and speak to these issues, and Members on the other side of the aisle, for that matter. I was listening to Senator Lott just recently speaking about this issue.
But the truth is, you are right. The consequences of the plan of the Bush administration and the Bush Congress has resulted in $3 per gallon of gas, a deficit that is a Hall of Fame record, a dependence on China and Japan and
the United Kingdom and OPEC countries to finance our debt, a decline of the median income for a middle-class family in this country, and housing that is not affordable today for most Americans, and as you suggested, Tim, a health care system that is, to call it a system is hyperbole. It just is not a system. And this is what we have.
We finally have seen the plan, and the plan is being rejected by most Americans because it is clear that it is taking this country in the wrong direction, and if it continues in this way, we will become a second-tier Nation.
And let us remember, Mr. Speaker, who is running the government. It is true, Mr. Speaker, that this administration for the past 6 years has been run by a Republican President, a Republican Vice President. All of the Cabinet members, with one exception, are Republican. The House has been run by the majority party, which is the Republican Party. On the Senate side, Mr. Speaker, the majority party has been Republican. So what we are seeing and what we are getting is Republicanism, but not really the traditional mainstream Republican Party that has made significant contributions to this great country.
Can I just digress for one moment?
We had a 10-hour, I don't want to call it a debate because it was not a debate.
It was a long Special Order about Iraq. And I thought what was particularly striking was, as people spoke even on the other side, the references that were made specifically to Secretary Rumsfeld.
Now, if you had a CEO of a business that was running the business into the ground, that was being exposed by his own subordinates again and again and again, what would happen in the private sector? And just look back at what the administration had to say.
I mean, I always think of what the former Secretary of State, Colin Powell, had to say about the Vice President. He said the Vice President was so obsessed with attacking Iraq, that it was as if he had war fever. Well, you know, the problem with fever is that you become delusional and you see things or hear things that aren't necessarily there no matter how true you want them to be. I mean, it was the Vice President himself who said that we were going to be greeted as liberators. I think that lasted for maybe 1\1/2\ days. Rumsfeld himself said that the war wasn't going to last any more than 6 months. Wrong. His Deputy, Paul Wolfowitz, said that Iraq could pay for its own reconstruction from its oil revenue. Wrong. We were told that the administration had a coherent plan for reconstruction and bringing peace to a nation that had experienced the brutality of a Saddam Hussein, a coherent plan. Wrong. It just goes on and on.
The truth is that the administration's incompetence, absolute rank incompetence, has set back our efforts to deal with terrorism all over this planet.
And you don't have to take our words for their incompetence. If our staffer is present, I would like to just put on some of the quotes, not coming from a partisan Member of Congress, but from people who served their country. Here is one coming now.
Well, this is as good, I guess.
The former House Speaker, Newt Gingrich, speaking about this Republican Congress, can you read that for me.
To go back to the point that Mr. Ryan was making relative to if this were a business, if this were a business, which brought me to the point of the incompetence specifically of the Secretary of Defense, and to think despite call after call for his resignation, would this have ever happened in the private sector?
And as I was saying, this is not your words, our words, my words. Here is retired Army Major General Paul Eaton. This is back in March. He is speaking about the Secretary of Defense, and these are, again, his words: ``He has shown himself incompetent strategically, operationally, and tactically and is, far more than anyone, responsible for what has happened to our important mission in Iraq . . . Mr. Rumsfeld must step down.''
Now, it is okay, I guess, for the President to ignore those words, but if we had a Congress that took its oversight role seriously, I would have expected that once those words appeared in print that the appropriate committee of jurisdiction, possibly the Armed Services Committee, and I know you serve on that, Mr. Ryan, would have immediately issued a request to Major General Paul Eaton to come before it to give his opinion and his views. Did we see that?
The silence coming from the Congress is just overwhelming. There has not been a single committee in the House of Representatives that invited General Paul Eaton to come before it and testify. Talk about a rubber stamp.
Well, now here is retired Marine Lieutenant General Gregory Newbold. He had these words to say in April: ``My sincere view is that the commitment of our forces to this fight was done with the casualness and swagger that are the special province of those who have never had to execute these missions or bury the results.''
Has there been a request from one single committee of this House to Marine Lieutenant General Newbold to come before us to listen to what he has to say about the incompetence of the civilian leadership of Secretary Rumsfeld? Not one invitation that I am aware of.
And here is retired General John Batiste, again, speaking about the Secretary of Defense. This was reported in The Washington Post on April 13: ``We went to war with a flawed plan that didn't account for the hard work to build the peace after we took down the regime. We also served under a Secretary of Defense who didn't understand leadership, who was abusive, who was arrogant, who didn't build a strong team.''
I know there are more posters. Now, what would have happened in the private sector? Is this a way to do business? Is this competence? I could go on and on and on.
If I can, for just a moment, I hear all this foo-for- all about we have to stay the course, and we will stand down when they stand up.
It must have been a shock to President Bush, do you remember when he made that visit, I think it was about a week ago, to Baghdad? Well, on his way home he was discussing the visit with reporters and his conversations with Iraqi leaders and he made this statement that was reported in the Associated Press: ``There are concerns about our commitment in keeping our troops there. They,'' meaning the Iraqis, ``are worried almost to a person that we will leave before they are capable of defending themselves, and I assured them they didn't have to worry.'' That is the President.
But apparently when he said ``almost to a person,'' he is not including the president of Iraq and the vice president of Iraq, because the Associated Press reported the day after that Iraq's vice president had asked President Bush for a timeline, for a timeline, for the withdrawal of foreign forces from Iraq.
Here is the quote: ``Vice President Tarik al-Hashimy, a Sunni, made the request during his meeting with Bush on Tuesday when the U.S. President made a surprise visit to Iraq. President Talabani, in a statement that was released after the meeting, said `I supported him in this,' meaning the vice president.''
So when we hear that we can't give a timeline or a table for when we withdraw, Mr. Speaker, the Iraqis are asking us to do it. They are asking us, Mr. Speaker.
So, please, you know, cut the politics. Run away from the politics. Let's cut and run from the politics and talk about the truth.