Mr. President, I call up my amendment, which is at the desk. Mr. President, I ask unanimous consent that reading of the amendment be dispensed with. Mr. President, in a minute I will speak about my amendment to pay for this bill. First, I…
Mr. President, I call up my amendment, which is at the desk.
Mr. President, I ask unanimous consent that reading of the amendment be dispensed with.
Mr. President, in a minute I will speak about my amendment to pay for this bill. First, I want to talk about how we got here.
Last week, I objected to the majority leader's request for unanimous consent to pass a 30-day extension of several expiring programs that was not paid for. I offered to pass the exact same bill that was paid for, and unfortunately he objected to my request.
There was nothing stopping him from using the tools at his disposal to overcome my objection. The leader could have filed cloture on the bill and brought it to the floor last week, instead of the travel bill that is a great giveaway to his State. If he had done that, this bill would have been signed into law already. He also could have filed cloture on the bill and worked through the weekend and it would already be law. The leader could have proceeded to the bipartisan Baucus- Grassley bill that paid for these programs and it would have been signed into law by now. He could have accepted my request to pay for the bill and we would not be here tonight. Instead, the leader decided to press ahead with a bill that adds to the debt and violates the principles of pay-go that everyone claims to care about.
Just over a month ago, the majority in the Senate passed pay-go legislation that supposedly says we are going to pay for what we spend. I support that idea, but I knew at the time that the legislation would be ignored. Unfortunately, I was right.
Barely 1 week after President Obama signed the pay-go law into effect, the majority leader proposed a bill that was not paid for. That bill passed and added $10 billion to the deficit. That is $10 billion your children and my children and grandchildren will have to pay for. That is $10 billion on top of a $14 trillion national debt. After passing $10 billion more debt on to future generations, the majority leader proposed to pass another bill to add another $10 billion to the debt. That is when I said enough is enough; we cannot keep adding to the debt and passing the buck to generations of future workers and taxpayers--my children and your children and our grandchildren.
As we all know, the national debt has grown at a record pace in recent years. A large part of that has been a result of a downturn in the economy a decade ago and then during the last few years. But increased government spending has been a major factor too. Over the last few days, several Senators on the other side of the aisle have blamed Republican spending for the debt and asked why we did not pay for things when we were in charge. They have a point. I wish we would have spent less and paid for more of it when we were in charge. There are some votes I wish I could have back, and I am sure many of my colleagues on this side of the aisle feel the same way. But it is not fair to blame Republican spending for all the drastic increases in our national debt. Our side has not controlled the Congress for more than 3 years, and the current Congress is spending more and faster than ever before.
For example, last year, the majority pushed through a so-called stimulus bill, followed quickly by an omnibus spending bill that contributed to the government ending the year $1.4 trillion in the red, the largest 1-year deficit in the history of the United States of America.
Clearly, we are not headed in the right direction. I do not want to turn this into a partisan debate because it is not a partisan issue. I only make these points to show that neither side has clean hands, and what matters is we get our spending problems under control.
As every struggling family knows, we cannot solve a debt problem by spending more. We must get our debt problems under control, and there is no better time than now. That is why I have been down here demanding that this bill be paid for. I support the programs in the bill we are discussing, and if the extension of those programs were paid for, I would gladly support the bill.
The unemployment rate in my State is well over 10 percent right now. Many rural families get their television through satellite providers in Kentucky. More than half our State is bordered by rivers, and flood insurance is vital to the people who live near those borders and any of the major-minor rivers in the State. In fact, I wrote the law that enacted the current version of the Flood Insurance Program. I care about it deeply.
I am concerned about all the other programs in this bill as well, as is every other Member of this body. That is all the more reason to pay for this bill. If we cannot pay for a bill that all 100 Senators support, how can we tell the American people with a straight face that we will ever pay for anything? That is what Senators say they want, and that is what the American people want. They want us to get our budgets in order, just like they have to get their budgets in order every day. But that is not what the majority is doing.
Tonight, tomorrow, and on every spending bill in the future, we will see whether they mean business about controlling our debt or if it is just words. We will see if pay-go has any teeth.
Tonight, I am offering a substitute amendment that pays for these important programs with Democratic ideas. Tomorrow, I will offer amendments to the offset, the longer term extender bill that was on the floor earlier today. I will be back on future spending bills demanding that they be paid for so future generations of Americans will not be burdened with our overspending.
As I said, my amendment pays for this bill with Democratic ideas. The 10-year cost of extending these programs for 1 month is $10.26 billion. The offset I am offering will more than pay for this cost, and the offset should be familiar to many. It has been proposed by Senator Baucus in his substitute amendment to the long-term extension bill. It was also proposed in the Obama administration's budget.
The offset would prevent black liquor, which is a byproduct of the pulp and paper process, from being eligible for the cellulosic biofuels producer tax credit. This will save the Treasury almost $24 billion over 10 years, according to the Joint Tax Committee. As I said, this will more than pay for the cost of the bill, and there will be almost $14 billion left over.
Under the pay-go rules, that $14 billion will be available to be used to pay for the next bill Congress passes. I think we all expect that the next bill will be the long-term extension bill.
Some might say I am creating a $24 billion hole in the next bill by using that offset now. That is not true. First, we are removing over $10 billion in costs from that larger bill by enacting the 1-month extensions now, and we are also making $14 billion available for that bill.
Members on this side of the aisle, including myself, have offered and will offer ways to completely pay for the cost of that more expensive, longer term extension bill.
This pay-for is a proposal made by the majority, and I hope and expect every one of them to support my amendment. Anyone who does not should be prepared to answer why the Senate does not have to make the tough decisions to balance the government's budget while every American family does. We must bring an end to the out-of-control spending, and there is no better time than now.
I urge my colleagues to join me in saying enough and restoring some discipline to Washington. I urge everyone in this body to support this amendment.
I reserve the remainder of my time.
Mr. President, how much time do I have remaining?
I thank the Chair.
As the good Senator from Illinois knows, there is no need for a conference, since the House has already passed this bill and has already passed the language in this amendment. I am very sure that they would be willing to accept their own bill back and paid for.
He mentioned the fact that I objected four times. I objected more than four, but the majority leader objected four times to my request. That was nowhere in his statement.
And talking about Medicare Part D premiums and the cost of Medicare Part D, the majority party in this Senate has had 3 years to repeal Medicare Part D if it was a bad idea at the time we passed it. Certainly, with 60 full votes in the Senate, it could have repealed what they considered a bad bill. The fact it was not paid for was not to my liking. The fact that we were going
to take care of Medicare senior citizens who couldn't afford their prescription drugs took precedence.
He spoke about the letter from the Governor of Kentucky. I didn't receive it. I had no knowledge of the letter until it was brought up by the Senator from Illinois. It is amazing to me the number of misstatements, and how the Governor--a Democratic Governor of the Commonwealth--could bring all these facts out to the Senator from Illinois and not the Senator from Kentucky.
There are so many things that I can say, but I have, I guess, 11 constituent communications here--either phone calls or letters, usually e-mails--and I am going to read a couple of them because I want to reserve some time in case the Senator from Illinois gets up again.
This is from Randall in Bardstown, KY.
Just want to thank you for your principled stand against
the squandering of our country's wealth. Yes, we need to help
those out of work; but no, we do not want to print more money
to do it. I have two sons on unemployment at this time, yet
we realize we cannot continue to spend money that doesn't
exist.
Thank you very much, Senator Bunning, for having the guts
to stand up for your principles and oppose further spending
of money we simply do not have. In particular, I am glad you
stood up against extending unemployment benefits, which would
put us further in debt. Regards.
That was from Bob in Burlington, KY. And here is another:
I just want to send you some encouragement to hold your
ground in the Senate on renewing unemployment extension
benefits. As a Kentucky taxpayer and a Federal taxpayer, I am
tired of seeing unfunded and underfunded programs pass by
Congress, and I am glad you are taking a stand. As an
American and a Kentuckian, I believe the government has
failed the American people almost totally, but at least in
this instance you are not failing us. Please keep your
resolve and don't let pressure and influence sway a good
decision.
That was from William in Flemingsburg, KY.
I am surprised that you don't have more support when you
are 100 percent correct; that if 100 men in agreement can't
find a way to pay for a program, they will never pay for
anything. Our deficit has got to stop, and now is always the
best time to start. Thank you for standing up for us.
That was Mark from Independence, KY.
This will be the last one because I still have about three more pages of them:
Thank you for holding firm last night. You are very much
appreciated for being willing to say no to extended benefits
that no one knows how to pay for or who will foot the bill.
It takes a very special individual to stand firm when
everyone around you seems to be caving in.
That is from Debbie from Somerset, KY.
These are just a few. There are more. But there are a lot of really good people in the Commonwealth of Kentucky--4.2 million--who want their Senators, their Members of the House, to stand up for themselves. I appreciate hearing from each and every one of them. I thank them for their support.
I reserve the remainder of my time.
I want to object.
I want to understand what the Senator has proposed in plain English.
Reserving the right to object, what 5 minutes is he talking about--his time or the time that is already reserved for the chairman of the Finance Committee and the ranking member of the Finance Committee?
So I understand, on the time that is reserved for the Senator from Montana and the Senator from Iowa?
I thank the Senator.
I yield whatever time the Senator from Alabama will consume.
How much time is left on our side?
I reserve that time until the 10 minutes prior to the time expiring. In other words, the last 5 minutes is going to Senator Baucus. I reserve the time prior to the Baucus time. I ask unanimous consent to do that.
Mr. President, let me begin by addressing some of the arguments made by the other side of the aisle against my amendment. First, the Senator from Illinois said that this would cause a needless delay in extending these programs, potentially causing a protracted negotiation with the House. With all due respect, that is nonsense. We all know the House can act very quickly. In fact, they did so when they sent this bill, H.R. 4691, to us. The House has already passed my black liquor offset. I want everybody to understand that we pay for the extension of unemployment benefits, COBRA assistance, health care assistance so everybody is covered. The larger bill that we are dealing with on the floor, the one we took off the floor to address this amendment and this bill, also extends these provisions longer than just a month--the highway bill, the doc fix on Medicare, the small business loans that we heard about that we are destroying with our objections, and the rural satellite TV viewers.
I sincerely believe if we can't find $10 billion to pay for something that all 100 Senators support, we are in deep trouble. I think the Senator from Alabama made that very clear. I am on the Budget Committee also. I have heard those numbers over and over, not from just the Republican people who come before the Budget Committee but from the Democrats who testify before the committee. We are on an unsustainable path as far as the budget.
The question before the Senate is not whether Senators support unemployment benefits or all the other important things in this bill. The question is whether we as a Senate and as a government are going to pay for what we spend.
How much time do I have remaining?
I think everybody understands why I have been on this floor for so long. I have been here for 12 years and 12 years in the House. I don't think I have spent this much time on the floor in any one-week period in my life. Usually on the floor of the House you only get 2 minutes to say whatever you have to say. In the Senate you get as much time, usually, as you need. I have never needed this much time. But something so important, particularly after pay-go, and even the larger bill we have before us, $104 billion of the $108 billion expended in that bill is emergency spending. That is emergency spending that is not paid for. So when we get to the bigger bill, we will have some amendments for that.
I yield the floor and suggest the absence of a quorum.