Concurrent Resolution On The Budget For Fiscal Year 2012
Mr. Chair, I rise today to speak in opposition to the Fiscal Year 2012 Budget Resolution that is before the House today, H. Con. Res. 34. As a senior member of the Transportation and Infrastructure Committee and as a Texan that cares…
Mr. Chair, I rise today to speak in opposition to the Fiscal Year 2012 Budget Resolution that is before the House today, H. Con. Res. 34. As a senior member of the Transportation and Infrastructure Committee and as a Texan that cares deeply about adequately providing for our Nation's Transportation system, I cannot support the Republican Budget proposal that has been brought before us today.
I share my colleague's concern regarding our national debt but this irresponsible bill makes drastic cuts to our Nation's infrastructure that will harm the American economy in the long run. This bill cuts nationwide funding for highway, safety, and public transportation investments over the next six years from $331 billion to $219 billion.
This drastic cut of more than $100 billion over six years of Highway funding means that the State of Texas alone will lose over $1.9 billion in Highway funding at a time when revenue from the Highway Trust Fund is stretched thinner than ever.
Additionally, assuming the widely accepted 2007 Federal Highway Administration model that every $1 billion of federal highway-aid investment creates or sustains 34,779 jobs over a seven-year period, this bill would destroy more than 490,000 jobs at a time when Congress should be helping grow and strengthen our economy, not stifling it as this Republican budget does.
I am proud to support the Congressional Black Caucus Alternative Budget for 2012 that does honor our country's commitment to support and invest not only in transportation and infrastructure but also in education, job training, and research and development for Science and Technology.
I must emphasize that our future economic growth, and therefore our ability to reduce our debt in the future, is tied very strongly to the investments we make in science and innovation today.
Although the cuts to our Nation's Science programs are much less severe in the FY 2011 Continuing Resolution than H.R. 1, they still are damaging to our Science agencies, especially considering that current fiscal year is already half over.
Across the world, growth in jobs in Science and Technology are increasing at a high rate and America should be supplying an adequate education and training for talented people to enter these industries.
We are jeopardizing our country's future by threatening funding for programs which are helping American students develop the right combination of skills for these jobs.
Mr. Chair, we cannot afford to shut the doors on America's ability to compete in these growing industries and we cannot afford to stifle maintaining and growing our transportation system by neglecting much needed investment in these sectors. I urge my colleagues to support the Democratic alternative budget that is before us and reject the Republican budget that destroys jobs and is no plan for the future.