Mr. Speaker, I thank my friends from Arkansas and Georgia for their leadership in the important Blue Dog Coalition, as we are the centrist group in Congress. We try to do the right thing, whatever the parties say. We try to do the right…
Mr. Speaker, I thank my friends from Arkansas and Georgia for their leadership in the important Blue Dog Coalition, as we are the centrist group in Congress. We try to do the right thing, whatever the parties say. We try to do the right thing for the American people and the American taxpayer.
The gentleman has been a particular leader showing the tragic waste around the town of Hope, Arkansas, the thousands and thousands of trailers lined up there, the clear mishandling of taxpayers' dollars, but I would like to bring up for the Speaker and for the American people tonight a new book that is pretty remarkable.
It is called ``The Broken Branch,'' and the subtitle is, ``How Congress is failing America and how to set it back on track.'' This should be available in most all bookstores around America. It is not a Democratic book. It is written by a scholar, Norm Ornstein, who is at the American Enterprise Institute which, if anything, is a Republican think tank. Another coauthor is Thomas Mann, who is at the Brookings Institution, which bills itself as a nonpartisan think tank. Some of our friends might call it Democratic, but this is a thoroughly bipartisan book.
What it does is list the many ways that this institution needs to change. That is what I think Blue Dogs are all about is bringing that needed change to this institution because, under Republican leadership, as the authors of this book point out, things are clearly not working.
The gentleman has pointed out quite eloquently that the deficits are clearly out of control. We seem to have no clear policy in Iraq. There are so many things that are not allowing our great Nation, the greatest Nation in the history of the world, there are so many things that Congress is not doing to allow America to live up to its potential, to allow our families, our kids and grandkids to live up to their potential.
We, Blue Dogs, we want things to work. We want things to work right. We want taxpayer dollars to be spent wisely, and this book is an important read because it lists it in a nonpartisan fashion. This book is called, ``The Broken Branch.'' It is Oxford University Press. It lists hundreds and hundreds of ways that the Republican leadership has failed the American people.
So I want to encourage everyone to take a look at this. Do not take our word for it. Read it in the bookstore. Get it online. See what is really happening in Congress because, sadly, our TV stations, our newspapers are simply not reporting all this. They are spending way too much time trying to entertain us or affirm what we already think, but this book tells us the truth about Congress and how we need to change.
So I thank my friends from Arkansas and Georgia for yielding, and I will chime in at a later point in the debate.
I thank my friends Arkansas and Georgia.
Another Blue Dog proposal for reform that is extremely important, because it would do a lot to fix our entire fiscal situation, to get our budget balanced again, and that proposal goes by the name of pay as you go. It is a very simple concept. Every household back in our districts has to follow it. Because if you don't have the money, you can't spend it. You might be able to borrow a little for a little while, but sooner or later, you have to pay the bill. That is the same principle America should be run on.
It is not just us saying it. The former chairman of the Federal Reserve Board, Alan Greenspan, said that that would be the single most important reform America could undertake. The single most important reform, and we Blue Dogs are championing it. We, as Democrats, are championing it, and yet the Republican majority in this House has prevented that reform from even coming up for a vote.
Now, this isn't theoretical or experimental thinking that Chairman Greenspan is proposing, this pay as you go proposal, this idea that if you want to spend more money on a program, fine, but get money from somewhere else to pay for it. Or if you want to cut taxes, fine, get money from somewhere else to pay for the tax cut. This proposal was the law of the land in America from 1990 to 2002. For 12 years, from 1990 to 2002, the pay-as-you-go proposal worked and worked well in America.
Most historians agree it was the single most important factor during that era that helped America live within its means so that we could have a stronger Nation for our kids and grandkids. And former Federal Reserve Chairman Greenspan even remembers the day that the Republicans allowed the pay as you go proposal to expire, and that day was September 30, 2002.
September 30, 2002, the end of that fiscal year, was a dark day in America, because the 12 years of fiscal restraint that we had had, the 12 years of living within our means, the 12 years of kitchen table budgeting were then over. And, basically, all hell broke loose when that happened. Because suddenly there was no restraint. You could spend anything. Earmarks and other things exploded.
That is going to be a terrible fiscal headache, a nightmare for our kids and grandkids. So that is probably the most important of all the Blue Dog proposals. We have had many, and the gentleman from Georgia has mentioned several. We have had the 12-step plan so that America could get off its addiction to deficit spending, much as the 12-step Alcoholics Anonymous program helps many people across America get off their addiction to alcohol.
So these are just a few of the reforms that the Blue Dogs have been participating in to make us have an even stronger Nation. We are proud of America. We want a strong America in all respects, but America can be even better than it is today.
I thank the gentleman for yielding.
The point that the gentleman from Georgia was just making about how much money we borrow from foreign countries, the American people need to know it is not just China we borrowed $300 billion from. It is also countries like Iran, another part of what President Bush called the Axis of Evil. They own a big part of the American debt now. Venezuela, under Hugo Chavez, not exactly a friendly nation. Other nations like the Soviet Union with whom we do not have good relations these days. It is incredible our dependence.
And for President Bush to have borrowed more money from foreign nations than all previous Presidents put together going all the way back to George Washington, that is incredible. The average American back home just does not understand how much President Bush has borrowed from foreign nations. And that makes us terribly dependent on those nations. We do not want China or other countries trying to foreclose on America or any part of America, but that is the situation we are getting more into every day. We are borrowing 2 to $3 billion every day from foreign nations.