Mr. Chairman, I ask unanimous consent to revise and extend my remarks. I rise today in opposition to the Republican Budget Resolution and in support of the Democratic substitute. Mr. Chairman, I have one simple point or better yet one…
Mr. Chairman, I ask unanimous consent to revise and extend my remarks.
I rise today in opposition to the Republican Budget Resolution and in support of the Democratic substitute.
Mr. Chairman, I have one simple point or better yet one simple question to ask my colleagues on the other side of the aisle.
Where is the money to assure the best possible education for our children? Clearly not in this budget.
The Republican Budget:
Represents the smallest increase in education spending in 9 years.
It cuts $1.4 billion in critical education programs.
It freezes Disabilities Education Act and Pell Grant leaving individuals billions of dollars short in funding.
It drastically cuts funding for Perkins Loans.
It cuts vocational education by 25 percent.
The GOP budget provides $479 million more to education. Even if these funds were devoted entirely to No Child Left Behind, it would still leave the GOP budget almost $9 billion short of the amount promised.
Gentlemen, we are dealing with our children here, our future. You talk about Leaving no child behind . . . well let me tell you: You haven't even picked them up.
Unfortunately we have limited time allotted to discuss this proposal. Because I have only scratched the surface of the failure of a budget designed by the Republicans solely to give tax breaks to those that need it the least.
I'm sorry but this is not the Democratic vision of America, Democrats do not try to balance the budget on the backs of children, veterans, the elderly or the uninsured.
Mr. ETHERIDGE, Mr. Chairman, I rise in strong opposition to the Republican Budget and in support of the Spratt Substitute.
The budget is a statement of our nation's priorities. Unfortunately, the Republican budget represents misplaced priorities and misguided policies that hurt America's working families. In contrast, the Spratt Democratic Substitute offers a fiscally responsible approach that cuts the budget deficit and invests in the American people and our economic growth.
The Republican budget continues this Administration's dangerously reckless fiscal policies that have turned record budget surpluses into record budget deficits in just three years. The Republican budgets have turned a projected ten-year surplus of $5.6 trillion into a projected deficit of $2.9 trillion, a reversal of $8.5 trillion. The massive national debt these deficits produce will be a crushing burden on future generations and hampers economic growth.
Republican economic policies have utterly failed America's working families. Under this current Administration, the economy has lost three million private sector jobs, the worst performance since the Hoover Administration. This Republican budget resolution proposes more of the same failed economic policies and shortchanges important investment priorities.
Our first priority should be to invest more in education. As the former Superintendent of North Carolina's public schools, my top priority is to provide necessary funding for our schools. Unfortunately, this Administration continues to cut the President's own education reform initiative, the No Child Left Behind (NCLB) Act. This budget resolution cuts $8.8 billion from NCLB, and over the first three years of the new law, the Republicans are cutting NCLB by $26 billion.
The Republican budget spends the entire $1.0 trillion Social Security surplus from 2005 to 2009, despite their repeated promises not to spend a dime of it. Federal Reserve Board Chairman Alan Greenspan recently testified to Congress Social Security benefits will have to be cut to make the Republican tax cuts permanent as they are now proposing. I strongly oppose cutting Social Security.
The Republican budget also provides less than is needed for veterans, fails to protect the environment, puts Medicaid and SCHIP at risk, cuts homeland security and underfunds key domestic priorities.
In contrast, the Democratic plan balances the budget within eight years through realistic policy choices that protect funding for key services. The Spratt budget also has a better bottom line than the Republican budget every year, meaning a smaller national debt and fewer resources wasted paying interest on the national debt. Chronic Republican deficits crowd out private borrowing, run up interest rates, and slow economic growth. As a fiscal conservative, I have always supported balanced budgets and responsible fiscal management.
The Spratt Substitute provides $2.1 billion more for education than the Republican budget for 2005 and $9.8 billion over the next five years. The Democratic budget also provides $3.7 billion in mandatory funding to make up the current shortfall in funding for Pell grants and additional funding to make college loans cheaper for students.
The Spratt plan provides meaningful budget enforcement tools (PAYGO) to protect Social Security, provides middle class tax relief and invests in real job creation. The Democratic plan provides more for homeland security, veterans and the environment and protects public health.
In conclusion, I urge my colleagues to join me in voting against the Republican budget resolution and for the Spratt Democratic Substitute.