I thank the gentleman, and I certainly appreciate his great work as a Member from Georgia. We particularly participate his participation in the Republican Study Committee, the conservative caucus within this caucus. It has been a rather…
I thank the gentleman, and I certainly appreciate his great work as a Member from Georgia. We particularly participate his participation in the Republican Study Committee, the conservative caucus within this caucus.
It has been a rather interesting day here on the House floor. I didn't know that it was possible, but apparently our Democrat colleagues created a new record in the House. Now, I am still doing my homework. Maybe they just came in second or third place. But if I did my homework correctly, never in the history of America has a Congress spent more money with less accountability than this Democrat Congress did today just a few hours ago, $463 billion spent in 1 hour, 1 hour of debate to spend $463 billion.
Now, I have been a Member of Congress for a while, but, ladies and gentlemen, that is still real money. That
is $7.7 billion per minute that this Democrat majority managed to spend. We just heard from the distinguished ranking member of the Armed Services Committee. Apparently, they didn't spend it very well. They seemed to have forgotten the war fighter and his quality of life when they were putting this massive spending bill together.
Now, earlier, as the Democrats took control of the institution, and elections have consequences, I understand that, they won fair and square, but Speaker Pelosi is on the record shortly after the election saying, quote, Democrats believe we must return to accountability by restoring fiscal discipline and eliminating, eliminating, deficit spending. Now this is the Democrat leader, the Speaker of the House, telling the American people that this was their intention. So now we spend $463 billion in 1 hour.
Mr. Speaker, families all across America will spend more time deliberating on the purchase of a washer and dryer than this institution did in spending $463 billion of their money, their hard- earned money. It is somewhat mind-boggling to spend that much money with such little accountability.
Now, let's talk about the Speaker telling the American people that she and the Democrats were going to eliminate deficit spending.
Well, as this bill passed earlier today, if the Senate takes it up, all of a sudden every American's share of the public debt has gone from $28,860 to $30,399. Now, I didn't major in math at Texas A&M University, but I can figure out, if you are trying to eliminate deficit spending, you are headed in the wrong direction, which makes me kind of question why you passed this bill in the first place.
Now, the American people were led to believe that this body was going to pass something called a continuing resolution. Now, I understand that is kind of inside baseball, but what it says is, you know, we are going to continue government at the same funding level. There are families all across America who face hardships who have to actually get by on less. A continuing resolution actually says, we are going to, frankly, grow government under the baseline, what we did last year.
Had this institution done it, which is what they led the American people to believe, we would have had a continuing resolution which, by the way, fits on a single piece of paper. Instead, we had a 150 page, I believe it was 150 pages, of what we call an omnibus, everything thrown into a massive spending bill.
Mr. Speaker, the Democrats told us, they led us to believe we were going to have this continuing resolution. We end up with this omnibus. They tell us we are going to eliminate deficit spending. Instead, they increased deficit spending. They tell us they are going to have accountability; and, instead, we spend 1 hour, 1 hour debating the expenditure of $463 billion.
Let me tell you what else they told us. They told us there would be no earmarks. You know, these are these little perks that Members of Congress take for their own district. Well, at last count, there was near 30 earmarks. Now, maybe they are good earmarks, maybe they are bad earmarks, but don't tell us there aren't going to be any earmarks in the bill and then put them there.
I mean, they are the poster children, too often. They are the poster children of fiscal irresponsibility. We have the golden oldie here. The rain forest in Iowa has made another appearance here. Now somebody earlier today said, well, that is a Republican earmark. Well, at least they acknowledge that earmarks were in the bill.
Last I looked, the Democrats have a majority in the House; they have a majority in the Senate. Obviously, it would not be in the bill unless Democrats wanted it in the bill.
We also had this institution pass a continuing resolution instead of this omnibus. Also, we would have saved $6.2 billion of American families' money. That is what would have happened had the Democrat majority done what they told the American people they were going to do. That is $6.2 billion that could have been applied to, again, quote, unquote, eliminating deficit spending.
So they had an opportunity to put their actions where their words were, and they didn't do it. They had extra money, and they spent it.
Again, as the gentleman from California illuminated, they didn't spend it very well. They certainly didn't consider the quality of life for the war fighter when they were putting together this omnibus.
Also, we were told there would not be any gimmicks. We would have accountability. Well, we look in here and there is gimmicks. There is $3.5 billion here. Now, this is inside baseball, I admit it, but I have served on the Budget Committee for 4 years, and I am starting to recognize these gimmicks.
But they put $3.5 billion here by rescinding contract authority for highway programs without decreasing what we call obligation limitations. Then, again, I know that is inside baseball. But let me tell you, what happens is there is no savings. They are claiming savings where there are none.
They also make a one-time change, a one-year change in what we call entitlement spending. Again, it is a trick. It is smoke and mirrors. It will not be there.
Where is the accountability? I am looking for it. Clearly, we need that magnifying glass of The Official Truth Squad, because nobody can find the vaunted Democrat accountability that we were told would be here.
There is a better way. We can have true fiscal accountability.
Another gentleman, a colleague of mine from California (Mr. Campbell), offered an amendment that would have given us that continuing resolution that would have saved us $6.2 billion that would have done what the Democrats told the American people they were going to do. But their Rules Committee said, no, we are not going to allow that one. That is kind of a dicey vote. That one was never allowed on the floor, the one that would actually use $6.2 billion to help reduce this deficit.
Another thing we can do is embrace the President's call for a balanced budget in 5 years without raising taxes. Now, that is true fiscal responsibility. I would hope that all Members of this Congress could sign up for that program.
Now, Democrats will tell us that all the tax relief that was passed on our watch is the source of every fiscal problem known to mankind. Well, as a member of the Budget Committee, we have now received testimony from the head of the GAO, the Government Accountability Office, we have received testimony from the head of the Congressional Budget Office. It is not what we hear from them.
What we hear, Mr. Speaker, is that until we do something to help reform entitlement spending and Medicare and Medicaid and Social Security and work on a bipartisan basis to get better retirement security, better health care at a lower cost, that is the fiscal challenge to America.
And, by the way, there is an inconvenient fact for our Democrat colleagues, and that inconvenient fact is we have cut marginal rates. We have cut capital gains. And guess what? We have more tax revenue than we have had in the entire history of America. If you allow the American people to keep more of what they earn, they will save it. They will invest it. They will go out and expand businesses. They will create small businesses. They will put out a new barbecue stand. They will do a new transmission repair shop. And now we have created over 7 million new jobs with a future.
Now, I know maybe their goal for America is 7 million new welfare checks. But the Republican goal for America was 7 million new paychecks. And under our watch, that is what we achieved. Seven million new paychecks and the greatest amount of tax revenue that we have had in the history of America. We are awash in tax revenue. That is why the deficit is coming down.
Now, I am not here to tell you that every time you design tax relief that it creates more tax revenue, but if you do it right, particularly if you put it on the side of helping working families and helping entrepreneurs to save and invest, it will more than pay for itself, and that is what has been done here. But now, Mr. Speaker, the Democrats want to take that tax relief away. They say it is bad. They want to take the 7 million jobs away. And what is really humorous is that they want to
take really the tax revenue away that this explosion of economic activity has created in the first place.
So, Mr. Speaker, there are many ways that we can embrace true fiscal responsibility. But to spend $463 billion of the people's money with no hearing, with almost no debate, in 1 hour, to set the land speed record for spending money in the shortest period of time, today the Democrats get the gold medal, the gold medal, in that Olympic competition. Never has more money been spent in less time than today. So how they expect to live up to Speaker Pelosi's goal of eliminating deficit spending, restoring fiscal discipline, and return to accountability, I suggest they enter a different Olympics and try to spend less money with more accountability, and that is something that the American people could truly respect.