Thank you. I appreciate you leading this discussion tonight with the American public. I'm glad to join my other friends, conservative friends, who, frankly, are worried about what the first 100 days mean to our country. I didn't move to…
Thank you. I appreciate you leading this discussion tonight with the American public. I'm glad to join my other friends, conservative friends, who, frankly, are worried about what the first 100 days mean to our country. I didn't move to Washington. I live in Texas with my family and just commute to work each week to Washington. Continental has given me my 1 million miles flown card, which is a lot of keeping in touch.
Sometimes you wonder, you know, the people up in Washington, they seem to be in a bubble. It's just so disconnected from the real world. I asked some of our Facebook friends what they thought of President Obama's first 100 days, sort of an out-of-Washington look at the Nation.
Rachel, who is a Sam Houston State University alum, said she was really disappointed to see all of the spending on unnecessary programs that do not help the economy but, rather, put a further strain on it.
Norma expressed her disappointment to the taxpayer-funded spending spree. She said, It's a disaster. She wrote, At the current spending rate, the deficit is going to be an anchor around not only our necks but our grandchildren's as well.
Norma, you're right.
Melody said if she were to grade this President, it would definitely be a flunking grade. In the debates, he promised to cut spending and reduce the size of the deficit. Ha. I am sickened by the wasteful spending. It is like watching a train wreck happen.
I will come back in a minute and tell you a little more about my thoughts. But that's just an inkling of what real Americans think about this first 100 days.
I agree exactly with what has been said today. And I can tell you from the Ways and Means perspective, from the tax perspective, the President isn't keeping that promise. We saw that right off the bat. The second bill he signed was an increase on a lot of low-income and middle class families to the children's insurance program. And the budget that was rushed through Congress today that I will bet not one Member who voted for it actually read this multi- trillion dollar budget--again, this first 100 days has been a rush to bad legislation--it includes tax increases of $1.5 trillion, the highest in American history.
As the gentlemen from Louisiana and Texas and as you pointed out, in addition to the national energy tax, you're looking at increased taxes on professionals and small business people; increased taxes on independent, small energy companies, the ones that drill 90 percent of the wells here in America; so we're going to outsource our American energy jobs. The climate change national energy tax. Increased taxes on capital gains and dividends, a source of a lot of revenue for our seniors in America and a source of capital. New taxes on real estate partnerships. On U.S. companies headquartered here who are trying to sell their products around the world, we're actually going to penalize them for selling American-made products around the world. It is crazy the number of tax increases.
The promise was: ``Under my plan no family making less than $250,000 a year will see any form of tax increase.'' That promise has already been broken. And the budget we passed today ensures that it will be broken even further.
What everyone knows is with this spending, there's no free money. Someone is going to have to pay for this record deficit. It's going to be middle class families. It's going to be small business people. It's going to be people that make a whole lot less. And a good example, look at the stimulus bill. It started phasing out all of these benefits if you make $80,000 a year. That's what it started to do, including the Making Work Pay tax credit, that measly $1.10 in your paycheck. They start phasing it out at $80,000. That's who this White House believes is wealthy. We've already seen the model.
I wanted to answer the question, what does this double quarters of 6 percent mean? What it means for average Americans is that America is going to go much deeper into debt and our kids are going to have a burden that they can barely carry.
What's interesting is that the President's budget, the one that was rushed through the House again and Senate today, it based its assumptions and its huge deficits on a contraction this year, a shrinking of our economy, of 1 percent. They've used such rosy economic indicators.
By 1.2 percent this year.
Six point one percent and on top of 6.3 percent last quarter.
I'm glad you raised that. The President said this is the most honest budget ever presented to Congress.
Well, they're bad numbers. And I think that's why it was rushed through Congress so that people couldn't ask those questions. But the truth of the matter is the result of that, of cooking the books with rosy numbers that don't exist that no one agrees with, is that we will face close to a $2 trillion deficit just this year.
There are trillion dollar deficits as far as the eye can see. So when Judge Carter said we may not see another balanced budget in our lifetime, that's no exaggeration. We may not see a balanced budget in our lifetime.
Let me make one correction that I hear, I guess if you repeat something often enough people believe it, but you often hear up here Democrats who say President Clinton gave President Bush a surplus, and President Obama inherited a huge deficit.
That's awfully misleading. The truth of the matter is that the surplus that was given to President Bush wasn't created by Democrats in Congress but by Republicans in Congress who sat down with President Clinton and said we are going to balance this budget. And I was here on a night like this night where we passed the balanced budget agreement.
And guess who voted against it? Democrats.
And then, when you talk about the deficit President Obama inherited, that didn't come----
And congressional Democrats voted against the
balanced budget agreement. So that's the first part of the equation. The second one is President Obama did inherit a big deficit, but he inherited it from congressional Democrats who held power for the last 2 years. They didn't even send President Bush a budget because they knew he would spend less.
And so my point of that is that you can't take credit for a surplus you didn't create and avoid blame for a deficit you did. That's one of the big, I think, misperceptions, the big lies in Washington, D.C.
I agree with other conservatives that Republicans, I think, got fired because we didn't control spending well enough, even though we whittled that deficit down, and we are learning from those mistakes. That deficit now is 10 times greater, and we are in a mess we may never recover from.
Almost $2 trillion just for this year.
There is so much truth in what you say. I was referring back to, again, one of our Facebook followers, Melody from my district in east Texas, that she wrote that if she were to grade our new President and Democrats in Congress, she said it would definitely be a flunking grade. It is like watching a train wreck happen.
It's interesting. President Obama is very sincere when he says, I was elected to change the direction America could go, and he is very up front about it. I give him credit for that.
But from my way of thinking, in the Eighth District of Texas, we believe he
is wrong on spending. He is wrong on nationalizing so much of our free market. He is wrong on Guantanamo. He is wrong on the CIA memos. He is wrong on this new national security threat of our veterans and our pro- life and our States' rights people.
I think just generally he is wrong in the belief that you can tax and spend and borrow our way back to prosperity. It won't work. I would say this. You always want to be helpful as a Member of Congress, so my advice to the President on this 100th day is, one, stand up to Nancy Pelosi and the Senate leaders in Congress. Be your own man and don't let them run the show as they have done for your first 100 days.
Extend a hand to Republicans who have got some great ideas on how to lower taxes, how to help small businesses create jobs, how we really get out of this economy and we are willing to work with you.
The final piece of advice is do less press conferences like tonight and more working meetings with Members of Congress who want to work across the aisle to solve these problems without going into a debt so staggering that we can never hope to get out. There are some great ideas up here, but so far for the first 100 days, it's been the congressional Democrats show.
Really, it's time for the President to follow through on his promise to change the way we work in Washington.
Well, thank you, sir. Most people in my district know that I was raised in a small business. I was a Chamber of Commerce manager my whole life. So I ran a small business, made payroll, had to cut staff in the recession and work with other small businesses. So I know how hard it is for them these days.
But there are three ideas Republicans came forward with, I think better ideas. In the stimulus, in that stimulus bill, billions and billions of dollars, there was more money to buy public art in America than to help small businesses survive.
The line item for the National Endowment for the Arts was $50 million. The line item to help small businesses to buy new computers and equipment was smaller, $41 million.
What we said as Republicans was, we said, look, let's create a 20 percent income tax reduction across-the-board for small businesses so they can keep more of their money, keep good workers on the payroll, maybe buy that new computer or piece of equipment, or just survive through this recession. We thought that was a better idea.
On housing, the government has come up with this new $2 billion pool of money to buy foreclosed homes in your neighborhood and mine. The Republicans said wait a minute. Given a choice between having the government buy a home in our neighborhood or our neighbors buy that home, maintain it, keep it up and sell it once the market recovers, we created incentives that said, look, if you look around your neighborhood and community and you buy one of these distressed homes, foreclosed or someone who is in trouble, it is abandoned, we will treat it just like your own home. If you keep it up and maintain it, when you sell it, you can keep the profit.
Now, who is going to keep better care of a home in your neighborhood? Uncle Sam, or one of your neighbors?
Absolutely. Then on health care, they are looking at this big government-run health care system. Many Republicans, including me, are proposing this backpack, where for the first time workers get an option where they can choose a health care plan that is right for them, just like Members of Congress do. They can put it in a backpack and take it with them throughout their life, from business to business or to home to raise the kids, or if you are going to start your own small business. Basically you get the same tax breaks businesses get. But you have one that you choose. It is your doctor, your relationship, the hospitals you choose to go to.
It is. Instead of government one-size-fits-all, why don't we give more freedom and more incentives for people to have a health care plan that fits their needs?
We have great ideas. My colleagues here tonight I guarantee you could spend a lot of time with these new ideas. But we need a President who will be open. We need a Democrat Congress who will quit rushing bills through this Chamber and give a chance for those good ideas to come forward.
Well, I think the way you started this, and the issue is freedom, Thomas Jefferson said a government big enough to supply all your needs is big enough to take everything you have. It is important we keep that in mind as this country grows deeper, deeper, deeper into debt.