Mr. Speaker, pursuant to House Resolution 478, I call up the bill (S. 540) to designate the Air Route Traffic Control Center located in Nashua, New Hampshire, as the ``Patricia Clark Boston Air Route Traffic Control Center,'' and ask for…
Mr. Speaker, pursuant to House Resolution 478, I call up the bill (S. 540) to designate the Air Route Traffic Control Center located in Nashua, New Hampshire, as the ``Patricia Clark Boston Air Route Traffic Control Center,'' and ask for its immediate consideration.
Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days in which to revise and extend their remarks and to include extraneous material on S. 540.
Mr. Speaker, I yield myself such time as I may consume.
The last time I stood on the floor to talk about a ``clean'' debt limit increase, I did so to prove that we could do better. It was an effort to implore my Democrat colleagues in the House and the Senate to heed the warnings of the President's own fiscal commission, also known as the Simpson-Bowles Commission, which clearly noted how our economy and hardworking taxpayers would suffer under the mountain of debt Washington was racking up.
My position is unchanged. I remain as committed as ever to grappling with our debt; to making the tough decisions to reform, improve, strengthen, and protect our entitlement programs; and, most importantly, to getting this economy back on track so hardworking taxpayers start seeing their pay go up and those in need of a job can find one. In fact, that work is underway at the Ways and Means Committee where we posted for public comment bipartisan proposals to reform Medicare and Social Security so that they are viable for seniors and taxpayers, not only today but well into the future.
Regrettably, over the last 3 years, Democrats have hardened their position. The President, Senate Democrats, and House Democrats will not even entertain a discussion--let alone a negotiation--over what reforms we can make along with a debt limit increase. They have become unyielding. Democrats are totally adamant: extend the debt limit or default. That is the position of today's Democrat Party: don't negotiate, don't reach out across the aisle, ignore the past, which clearly shows the debt limit typically passes with other reforms.
Mr. Speaker, I remember serving when Bill Clinton was President. Those were different times. Despite our different opinions, we were able to find common solutions for the American people. We balanced the budget, reformed our Nation's welfare laws, and helped break the cycle of dependency by placing an emphasis on work. Today, Democrats openly cheer that their health care law will lead to less work.
Well, Mr. Speaker, I am disappointed the Democrats have walked away from the table, and I am disappointed we are not engaged in a more serious debate today. But as disappointed as I am, I cannot, in good conscience, let the Democrats' refusal to engage lead to a default. For that reason, and that reason alone, I will vote ``yes'' today.
But today's legislation is hardly a solution to our looming debt crisis. That is why the Ways and Means Committee will continue to carefully review and advance policies that not only reform our entitlement programs, providing greater protection for seniors and greater savings for hardworking taxpayers, but also policies that will create a stronger economy with more jobs and higher wages for workers. It is only through a combination of such policies that we can truly solve this problem.
I reserve the balance of my time.
Mr. Speaker, I yield myself such time as I may consume.
The Budget Control Act was signed into law on August 2. On August 5, Standard & Poor's downgraded the United States credit rating and did so because:
The downgrade reflects our opinion that the fiscal
consolidation plan that Congress and the President recently
agreed to falls short of what, in our view, would be
necessary to stabilize the government's medium-term debt
dynamics.
There have been some speakers who have come to this floor who said we were downgraded because of brinksmanship. We were downgraded because there were those of us who wanted to see some approach to fiscal responsibility in our debt limit negotiations.
Clearly, that is revisionist history, and the facts bear out. Standard &
Poor's own quote was it was because we didn't go far enough, not because we tried to address our medium term and long-term debt.
So this reinforces my point. We can't be satisfied with just increasing the debt limit. I realize that is where we are today, and as I have said, I will vote for this legislation, but as another speaker has said, they have viewed this as nonnegotiable, and what we really need to do is reach across the aisle and work together to find long- term solutions to both our medium term and long-term debt obligations so that these programs, like Medicare and Social Security, these valuable programs that serve many of our citizens, are not only viable and there today, but there well into the future.
I reserve the balance of my time.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield myself such time as I may consume.
I point out to my friends on the other side that, in recent memory, there have been seven instances where debt limits were part of other major pieces
of legislation. For example, in the first Bush administration, there was a Balanced Budget and Emergency Deficit Act; in the Clinton administration, there was the Reconciliations Act, as well as the Contract with America Advancement Act; in the Obama administration, there was stimulus, Pay-As-You-Go, Budget Control Act. This has happened seven times in recent history.
What is different? Why can't it happen now? Well, the difference is that you had both parties willing to come together and negotiate major pieces of legislation that would help to address the short-term, medium-term, and long-term drivers of our debt. What we have now is a very open admission that it is absolutely nonnegotiable. There is a straight increase in the debt limit without any legislation, even though this happened seven times in the past.
So I would just say that debt limit increases are often parts of larger pieces of legislation and it would not be unusual. And it is, I think, a sad day when the other side has a take-it-or-leave-it approach and is unwilling to come together with the Republicans to find a way to bring other legislation to the floor that will help address the drivers of our debt.
I reserve the balance of my time.
I reserve the balance of my time.
I reserve the balance of my time.
Mr. Speaker, I reserve the balance of my time.
I have no further speakers. I am prepared to close.
Mr. Speaker, I yield myself such time as I may consume.
We have heard a lot of talk about how our Nation must pay its bills. But one major reason we are in this position is an unpaid for trillion- dollar stimulus bill that did not increase economic growth, did not create jobs, and simply added to our debt.
I know there are some on the other side who want to keep on spending no matter what the impact is on our credit rating. While I believe that we must increase our debt limit, I am clearly not satisfied that there are no provisions that would help us address the long-term drivers of this debt.
But I will say that it is disappointing the Democrats have walked away from the table. It is disappointing that we are not engaged in a more serious debate today, a debate about policy and how we reign in what really has become runaway debt.
But as I have said, as disappointed as I am in that, I cannot in good conscience let the Democrats' refusal to engage lead to a default. I will vote ``yes'' on this legislation today. But it is hardly a solution to our looming debt crisis. That is why the Ways and Means Committee will continue to move forward on reforming Medicare and Social Security, as we have, with bipartisan proposals that are in legislative form, published for the public to view on our Web site.
We will move forward on tax reform, one that will help grow our economy, create jobs, and help address our debt crisis by a stronger, more vibrant economy that will provide opportunities for individuals to get work, increase their wages, and provide for themselves and their families.
I hope that Democrats will join me in these efforts. I believe it is only through a combination of those policies can we really get to the true solutions to this very significant problem facing our country. While this is a short-term solution to prevent what I think is essential that we do prevent, a default, it is not enough. As I have said, there is so much more to do.
With that, I yield back the balance of my time.