Tax On Bonuses Received From Certain Tarp Recipients
No. No. Yes, sir. I thank the Senator. I reclaim my time. All the time so far---- All the time so far has been used---- Thank you, Madam President. If the Senator will yield, all the time so far has been yielded to those who oppose the…
No.
No.
Yes, sir.
I thank the Senator. I reclaim my time.
All the time so far----
All the time so far has been used----
Thank you, Madam President.
If the Senator will yield, all the time so far has been yielded to those who oppose the bill. As I understand it, the time will be cut off at 6, and I will use that remaining time.
I do want to thank the appropriators, the Senator from Mississippi, all of those who work for the entire Senate to do what the Members ask as far as to look out for their States, and I do not call into account their motives at all. But I think as Members of the Senate we have to ask ourselves: Is the way we are doing this working?
We can have all the theoretical arguments we want. But what we have is trillions of dollars of debt, many wasteful projects. The trust in our government is at an all-time low, and the earmarks we are sending out all across the
country are mostly now with borrowed money.
So we can talk about our theories all we want, but what we are doing is not working, and perception is reality. With all of our debt, the corruption, the waste, every American has a right to question what we are doing right now. Clearly, if it is a constitutional responsibility for all of us to be here to get money for our States, somehow for the first 200 years of our country that was missed because even a few years ago Ronald Reagan would veto a bill with less than a couple hundred earmarks in it because of all the pork and waste. But now we are in the thousands and tens of thousands. It is out of control. The waste and the fraud and the abuse is so obvious that it is time we see it in the Senate.
If you look at the Constitution, a couple of principles are clear. They expect uniformity across the States, nonpreferential treatment, and that is not what happens with earmarks. Folks, we have to admit, while a lot of the proponents of earmarks will say it is a small part of our total budget, that is like looking at a long train that covers a whole mile and saying the engine is just a small part of that train. But the engine is what pulls the whole train, and earmarks are what pull through a lot of spending and a lot of borrowing.
Just going back 1 year, the big bailout bill--almost a trillion dollars--failed to pass the House, and then they added earmarks and it passed. Following that was a stimulus bill, a candy store of earmarks. After that, the omnibus bill with thousands of earmarks that sailed through the Congress, and even the health care bill. With the ``Nebraska kickback,'' the ``Louisiana purchase,'' Americans now know that we buy votes with earmarks.
Isn't it time we just take a timeout for 1 year and see if we can reform this system? Some of the reforms people are talking about that we have been talking about for years that we have not done--it is time to admit what we are doing is not working.
In the House of Representatives, yesterday, the Republicans led the way. They do not agree on how to deal with earmarks long term, but they agreed that it is enough of a problem that they decided to take a 1- year moratorium on earmarks. The House Republican Conference voted to eliminate earmarks for 1 year. It gives us a chance to take a timeout to try to work on this.
As to the argument that if we do not do earmarks, the administration will do it, folks, we have every power here by the way we appropriate to disallow the use of funds for certain things. We could not only here do what we are supposed to do, which is pass bills that provide funding for programs, and then provide the oversight for the administration-- and we require they only use the funds in a nonpreferential, formula- based way or competitive grants or bids--we have every way to restrain the way the administration uses the funds that we appropriate. Then what would happen is, we would resist big spending bills because we did not have our parochial interests, our conflicts of interest to get money for our States.
Senators, we are not here to get money for our States. We are here as representatives of our States in the United States of America, and we put up our hands and say: We are going to defend and protect the Constitution that is about the general welfare of America. We cannot continue to come here every day and talk about our unsustainable debt, and then say: I have to have $1 million for my museum or my local sewer plant when, in fact, this is borrowed money.
We do not have the money we need to keep the promises to seniors we have made for Social Security and Medicare and to defend our country. Yet we spend most of the year trying to get earmarks for our local communities so we can do a press release, so we can talk about bringing home the bacon.
So we can talk about how a lot of these projects may have merit, but what doesn't have merit is when we forgo the interests of our Nation, the general welfare of our people, so that we can do our press releases on our tens of thousands of earmarks.
It is time to bring it to a close, at least for 1 year. The House has taken a bold stand, at least on the Republican side. Let's vote to take a timeout on earmarks, try to get our house in order, re-earn the trust of the American people, and stop putting this debt on the shoulders of our children.
We have a chance in a few minutes to vote on a moratorium of earmarks for 1 year. This is the very least we can do for the people of the United States of America. All of these arguments we can push aside. What America thinks right now is true. There is a connection between the waste, the fraud, the abuse, the debt, the borrowing, and earmarks. There is no question about it.
I implore my colleagues: Set aside the self-interests for one vote. Let's do what is best for our country and vote for a 1-year timeout on earmarks.
Thank you, Mr. President.