Madam Speaker, what would your nightmare budget look like? Can you a imagine a budget that would cut support for homeland security and small business development, that would do virtually nothing to improve one of the most sluggish economic…
Madam Speaker, what would your nightmare budget look like? Can you a imagine a budget that would cut support for homeland security and small business development, that would do virtually nothing to improve one of the most sluggish economic recoveries in American history, that would break the Contract with America by raising the debt ceiling under cover of a budget resolution, that would balloon the debt and the deficit to previously unimagined dimensions, and that would do all of
this less than 5 years before the first of the baby boom generation begins to retire?
Unfortunately, Madam Speaker, that nightmare is a reality; and this reality has been created by the President and the House Republican leadership.
In the face of the worst fiscal reversal in this Nation's history, almost $10 trillion since President Bush took office, the Republican response has been to propose more and more of the same failed policies. Finding themselves in a hole, their motto is, just keep digging. There is no clearer example of this than the phony pay-as-you-go proposal in the Republican budget that requires offsets for entitlement spending but not for tax cuts.
Yesterday, Democrats and moderate Republicans came together and voted to instruct the House-Senate budget conferees to institute a real pay- as-you-go proposal, akin to the one that brought us out of deficits and into surpluses in the 1990s. But, as has become standard operating procedure around the House lately, when the vote did not turn out the way the Republican leadership liked, they kept that vote open and began the arm-twisting; and after 28 minutes they had twisted enough arms to bring the vote to a tie and to defeat this effort at sound budget policy.
So now we are left with a budget in conference that would provide the worst of both worlds. It sends us over the cliff fiscally while at the same time radically reducing funding for education, the environment, transportation, health care and law enforcement.
Let me focus, Madam Speaker, for a moment on what may come as a surprise to many Americans who have listened to the Republican leadership and the President spend a lot of time talking about homeland security and the importance of our first responders. This budget shows that talking is about all they are willing to do for our first responders, our police, our fire departments, our medical personnel.
The Republican budget makes significant cuts in Homeland Security and Department of Justice funding for first responders that results in an overall reduction in funding for our police of 33 percent, with a 50 percent reduction in funding for police in smaller cities and rural areas. They also cut funding for firefighters by one-third at a time when the Federal Emergency Management Agency is reporting that over two-thirds of fire departments in this country operate with staffing levels that do not meet the minimum safe staffing levels required by OSHA and the National Fire Protection Association.
The Speaker yesterday concluded the debate on the budget resolution by saying the reason it was important to cut taxes for millionaires was because millionaires are the small business owners who are creating all the jobs in this country. Our friend, the gentleman from Ohio, just repeated that argument on this floor tonight.
Some of those millionaires are small business owners, but again the Republican budget shows the true motivation of our friends on the other side of the aisle. The Bush administration and the Republican leadership have fought to zero out funding, in fact, for the Small Business Administration's flagship 7(a) loan program that provides close to 30 percent of the long-term loans for small businesses; and they zero out countless other small business programs like Microloans and others geared toward minority businesses. If, as the Speaker implied, the reason for tax cuts for millionaires was really to help small businesses, why did it take an extended press and letter-writing campaign orchestrated by the gentlewoman from New York (Ms. Velazquez), the ranking Democrat on the Committee on Small Business, to get the Republican leadership to finally back off of some of these cuts in Small Business Administration funding?
The answer, I am afraid, is obvious. The tax cuts were not meant to help small businesses or to spur the economy. They were meant to provide a windfall for the most fortunate among us.
Governing is about getting our priorities straight and taking the public trust seriously. Through the Spratt alternative budget resolution, fiscally responsible Democrats have made our priorities clear: fund the programs America needs like education, health care, housing, homeland security and safety net programs, balance our budget by freezing scheduled tax reductions for those making over $500,000 a year, and target tax cuts in ways that benefit ordinary Americans and stimulate our economy.
There is still time, Madam Speaker, for our colleagues to wake up and reject the Republican nightmare budget and to pass a budget that points to a brighter future. House-Senate conferees could start by adopting real pay-as-you-go rules. I urge them to gauge the House's true sentiment and do just that.