The Economy
Mr. Speaker, I thank my colleague, the gentleman from Ohio, for organizing this Special Order so that Democrats can talk again about a topic that the White House and President Bush would much rather we do not discuss in public, especially…
Mr. Speaker, I thank my colleague, the gentleman from Ohio, for organizing this Special Order so that Democrats can talk again about a topic that the White House and President Bush would much rather we do not discuss in public, especially during an election year, and that is the middle-class squeeze. I do come from Illinois, another Midwestern State that has been very, very hard hit by the unemployment that has been exacerbated by this Bush administration.
I want to tell my colleagues about a piece of information that came our way. My husband has a pilot's license to fly private planes. We certainly do not own one, but he gets a magazine called ``Flying'' that had in it this brochure that had these screaming headlines on it that said it was time to benefit from the new tax law by buying a private plane. For about $360,000, you can take advantage of this new bonus depreciation program, a 50 percent bonus depreciation program; and you would be able, if you bought this, a mere $360,000 plane, you could write off in the first year $260,000.
Mr. Speaker, does the gentleman think they would be interested in this plane?
Mr. Speaker, the thing that is really great about this deal is if you take this first year $260,000, these planes last a long time, maybe the useful life is 20 to 25 years, and it really does not depreciate in value all that much. So you could take this first- year write-off, and then a couple of years later you could sell it and make a whole bunch of money.
This is the kind of deal and this is the kind of constituent that this Bush administration has helped. And how many people are really in the position, certainly not many in Illinois, not very many people I know to take advantage of this great tax break.
As I said, the thing they seem to be missing here is now Republicans are talking about this roaring-back economy. Okay, ``back,'' implying that we have fallen a long way, baby, and now that more jobs are being created, they are saying, is this not a miracle of the Bush administration. But let us remember, we are barely halfway back. We are talking about still this President being the first on record since the Great Depression to go without creating a new net private sector job. Mr. Speaker, 1.9 million Americans who had jobs in 2001 still do not have jobs today.
So this kind of playing with the numbers like, is this not great, I have been trying to figure out, it is sort of like an arsonist who burns down the houses and then says, oh, look, they are building all of these new houses, or they are building these houses, we are coming back. No, you do not want to see the house burn down.
Then of course, if you are lucky enough to be one of the people who is getting a job in this resurging economy, your pay is going to be less, on average; in fact, about $9,000 less is the average for the new jobs. Your benefits are going to be limited, and your wages are likely to grow at only about 2 percent a year. And then, over the last 3 years, there has been a $2,050 increase in child care costs, a $2,630 increase in family health care premiums, a $938 rise in the cost of gas per household with teenagers, and that has barely started.
We will have to make a new calculation soon. And a $1,207 increase in college tuition, which my colleague talked so eloquently about and, at the same time, median family income has dropped nearly $1,500. So the real question that should be asked, the question that was asked in a past campaign really is, Are you better off today than you were 4 years ago? I want to tell my colleagues that in Illinois that the answer is absolutely no.
I wanted to tell my colleagues some of the numbers in Illinois, about our job loss. Personal bankruptcies in Illinois. Instead of buying fancy airplanes, what we find is that personal bankruptcies in Illinois are at an all-time high: 13,739 people declared bankruptcy in 2003, a 42 percent increase from 2000. A lot of these bankruptcies are caused because of health care costs. You cannot afford to be sick in America anymore if you are an average working family. Most of the people, in fact, who do not have health insurance actually are holding a job. Over 70 percent of the uninsured live in a family with at least one full- time worker. And then we have 44 million people, 15 percent of the U.S. population that lacks health insurance coverage of any kind over the entire year. And the number of uninsured has been steadily increasing at about 1 million people.
So those folks now who used to have kind of a middle-class life, many are without health insurance, getting lower wages, no benefits; and they are often the ones who are actually standing in that line waiting to supplement their food at the end of the month, because ends just do not meet. And if it is a senior citizen who is on a fixed income, then they are trying to figure out how to buy their medication. They know that this prescription drug card is certainly not going to provide the answer to them.
Are you better off today than you were 4 years ago? And for the vast majority of Americans, obviously not the ones that the Secretary of Agriculture or the Secretary of Commerce or the President of the United States or the Vice President of the United States hang out with, or obviously have much occasion to run into at all when they are on the trail at these $1,000- and $2,000-a-plate dinners that the President is going to these days; it is about time that he took a look and saw that the middle class is being squeezed out of existence.
Mr. Speaker, can I just say it another way? The vast majority of Americans are not asking for special favors. The American ethic of working hard and taking personal responsibility is alive and well. Americans want to work and take care of their families. But they expect just a little bit of help from the government, that when they get sick, they are not going to go bankrupt, that the school that they send their children to and they pay taxes for will provide a quality education; that when they retire, they will be able to retire in some dignity. The reverse of what the gentleman is saying is that Americans do not want that much from government, but they are not getting even the helping hand that they expect, deserve, and in fact, they have paid for.
It is generous of the gentleman to say that all administrations make mistakes and that even you have made a mistake. But I just want to remind the gentleman that the President could not think of a single mistake when asked at a press conference if there were any mistakes that he has made in his presidency. He said that none came to mind. He thought there probably were some but he could not even think of one.
It seems to me that just condoning, or in the case of the gentleman you talked about, the employee of this administration who says that people in food lines are just maybe looking for an easy way out, I would say that statement is a mistake and that the person that made that statement who is in a position of authority in a department that gives out food stamps that is supposed to help poor people with feeding programs, that is a mistake and he should be fired.
Actually, it was reported in Newsweek and other places that there had been a Defense Department study that showed that perhaps as many as a quarter of those troops in battle that were killed or injured would not have been had they had the proper equipment, 25 percent. So we are talking about more than a few dozen.