Mr. Speaker, I thank the gentleman from Iowa for this moment just to be able to speak about what is happening here in Washington, D.C. I don't think anyone has ever seen anything like what we have seen in the recent months, and we can even…
Mr. Speaker, I thank the gentleman from Iowa for this moment just to be able to speak about what is happening here in Washington, D.C. I don't think anyone has ever seen anything like what we have seen in the recent months, and we can even trace it back to last fall when the Democratic Congress could not wait to get passed the TARP funding bill together with the former Bush administration.
They were in a hurry, just like the gentleman from Iowa has stated. We are seeing that this is a Congress that is in a hurry, in a hurry because they have got an agenda. They are on a steamroller path. They are on a blitzkrieg path. They have to get everything done yesterday. We can't have time to read bills. We can't take time to truly count the costs, because we are in a hurry. There is an agenda that has to be performed.
We heard the President of the United States tell the Democrat Caucus just last week, We can't miss this opportunity for reform. We have got to get it done. We have to do it now. We can't wait. We have got to do everything now. That is what we were told last fall. We were told that we would see economic Armageddon if we didn't pass the $700 billion TARP bill.
What was that? That was a blank check. We were told, Just trust me. It was a ``trust me'' defense. We were told, Just trust the Treasury Secretary. They have to have $700 billion, or we will see an absolute collapse of the financial world. And so we were all pushed into it. I voted ``no'' on that bill. But the Democratic-controlled Congress passed the $700 billion bailout for the banking system and also for the foreclosure and the subprime mess that we are in.
Well, where are we at today with the subprime mess? We are seeing foreclosures still at a record high. We are seeing unemployment still at a record high. Did this help us, this $700 billion blank check that went to the Secretary of the Treasury? What did that lead to?
Well, President Obama was all for the TARP bailout when it came, when he was Senator Obama, and then we saw in December when he was President-elect Obama, he prevailed upon the President. He said, We can't wait, we have got to hurry. We can't wait until January until I'm sworn in as President. I'm asking you, President Bush, to release to the Automobile Task Force something like $17 billion so we can bail out GM and so we can bail out Chrysler, because it has to be done today. We can't wait until January when I'm sworn in. It has got to be done today.
So President Bush gave that $17 billion to the Automobile Task Force at President-elect Obama's request. And we all know what happened. We saw what happened to Chrysler. It essentially collapsed in a shotgun wedding to Fiat. A foreign car company was brought in and forced to purchase and buy out Chrysler. We saw the bondholders, whose rights were virtually stripped away from Chrysler, and we saw the UAW instead jump in front of the bondholders and take advantage of that position, and now the Federal Government and the UAW and Fiat own that company.
What happened to GM? We saw that UAW owns that company and the Federal Government now, as of the Friday before last, is the 61 percent shareholder. What did that get us? One hundred fifty thousand jobs lost. Because we saw pink slips go to 3,400 dealers of Chrysler and GM across the country, and 150,000 people, potentially, are out of work. Well, then we had to get the stimulus passed, the largest spending package in the history of our country, $1.1 trillion. Think of that: $1.1 trillion. But it had to be done today. And we didn't have time to read that bill, oh, no, sir. We can't read that bill because this is too important. President Obama told us we had to pass that bill.
The bill was passed by Congress. I voted against it. Representative King voted against the stimulus bill. But President Obama had to have that bill. Well, did he sign it? No. He went to Chicago. He went to play basketball. He took 4 days, rather than passing this bill he had to have in his hands, because he had to have this $1.1 trillion stimulus bill.
Well, we didn't get that bill very much ahead of time either, and it was a little bit embarrassing because of all the earmarks that bill contained. Oh, we weren't told they were earmarks, but they were earmarks nonetheless. All sorts of special projects were in that bill.
Then we were told we had to pass the budget bill, an 8 percent increase over the previous budget bill. We had to pass it right away. We couldn't wait and have extra time for debate, no, no, no. We had to pass that bill now because otherwise bad things might happen.
Well, what has happened? What happened as a result of the stimulus bill? We were told if we didn't pass that stimulus bill, we could see 8 percent unemployment. Wouldn't that be terrible? What is unemployment today? Nine point five percent. In the State of Michigan it is 15.2 percent. What about jobs? What about all the jobs that were created? Two million jobs have been lost since the stimulus bill was put forward. One hundred fifty thousand jobs were lost because the government got involved in GM and Chrysler and handed out pink slips. This isn't going real well for us.
Then cap-and-trade, cap-and-tax, the ultimate authority that government could have over every person's life in the United States. Literally, every time we flick on a switch, it will be the government telling us how much we are going to pay to flick on that switch, or if we can even have the power to do that. Cap-and-trade, the mother of all bills, and we got that bill 13 hours before we passed that bill. Thirteen hours before, 1,100 pages, but don't worry, trust me. Trust me. It will bring good things to this country. And what will that give us? We already know. Two and one half million jobs a year leave the United States. We might as well call it the ``China-India stimulus plan'' because we are going to lose 2.5 million jobs, bye bye, away they go, out of the United States.
And then what is the next bill we have in front of us? Well, an article today in the newspaper says that on this health care bill that we are looking at, that by the way, we have got to pass, it was revealed last week, here it was, 1,018 pages long, that the next day Members of Congress had to vote on it, and the House Ways and Means Committee revealed to the public that the next day we need to be prepared to vote on a 1,018-page bill.
Mr. Speaker, it isn't that Members of Congress are lazy. And it isn't that Members of Congress are too stupid to be able to read these bills. It is the fact that the Democrat leadership in this House is unwilling to allow us to read the bills. We even had the majority leader, Steny Hoyer, probably in an accident, admit that if many Members of this body actually read the bills, there probably would be very few votes. As a matter of fact, the gentleman from Iowa has the quote of the majority leader, and it says ``If every Member pledged to not vote for the health
care bill if they hadn't read it in its entirety, I think we would have very few votes.''
I would agree with the leader. I think that there would be very few votes if Members of Congress would read this bill. That is why the Obama administration and the Democrat leadership are steamrolling these bills through before anyone has time to be able to read it because they know, as was written in the paper today, this is by Christina Romer, President Obama's Council of Economic Advisers chairwoman, she said that this bill will cost employers $300 billion. It will cost workers 5 million jobs. Well, let's think about that now. Five million jobs from health care loss, and that doesn't include the taxes that would be put on small businesses, so it is 5 million there, 2.5 million from cap- and-trade, that is every year though, and then 2 million from the stimulus, 150,000 from GM and Chrysler. I don't think we are going in the right direction.
And this is from a President who said that he wouldn't be raising taxes on 95 percent of the American people. Unfortunately, it appears that that promise has already been broken.
I yield back to the gentleman from Iowa.
If the gentleman would yield.
I'm wondering what he means by that, by 5 days. Does that mean that once the bill gets to the President, he'll allow it just to rest on his desk for 5 days? People would have a chance to comment?
But it also seems, the public law that the gentleman from Iowa displayed, Members of Congress are supposed to be able to get a chance, too. I think this is wonderful that the President wants the American people to have 5 days to be able to read a bill, but I think it would be wonderful if Members of Congress could have 5 days to read a bill before we vote on it. After all, maybe we should all take an Evelyn Wood speed reading course, because if we have to read over 1,000 pages or 1,100 pages in a bill in 13 hours, we're going to need to have maybe those recordings where they're sped up a little bit so it sounds like Alvin and the Chipmunks reading a bill to us. I don't know what it's going to take, but Members of Congress should also have the opportunity to be able to read the bills, and to do that, we need to have time, too. So this doesn't say much.
If President Obama says that a bill should just maybe be on his desk for 5 days, if Members of Congress aren't also given that courtesy, after all, we are the people's representatives. We're sent here on behalf of the people back home to read these bills, talk about these bills between Republicans and Democrats. Isn't that what we're supposed to do, talk to each other, talk about what our ideas are, what the ideas on the other side of the aisle are, make the bill a little bit better, then put it on the floor?
Maybe part of the problem, I wonder, is the fact that we're just trying to do things a little too fast. That's what it seems like to me, that maybe this Congress is trying to rush through too much too fast. Maybe that's why we have a greater deficit than we've ever seen before.
We ran out of money in April. Back in April, this Congress spent all the money that it had in its budget already in April. So every day we've been spending billions and billions and billions, every single day that we don't have. And so now, today, it's July, we're already over $1 trillion in deficit. We're going to be nearly $2 trillion in deficit.
And here's something else I don't understand. The President is supposed to release, in mid-July, the budget update. We have the numbers already, but the President has said he's going to wait until mid-August to release his budget update.
Now, this is a little concerning to me, a little fishy to me, because we're being told, Mr. Speaker, that in less than 2 weeks' time the President of the United States expects that we will pass legislation that would allow the Federal Government to take over 17 percent of the private economy.
Now, there was an economist from Arizona State University 2 weeks ago on the front page of the Washington Times who wrote an article that said, we now have the Federal Government, for the first time, having control or owning 30 percent of all private business profits in this country. Thirty percent of all private business profits in America are owned or controlled by the Federal Government today.
If President Obama and if the Democrat-controlled Congress gets their way, that will be an additional 17 percent.
Now, this President's only been in office for 6 months, and already 30 percent of the private business profits are owned or controlled by the Federal Government. Now, by August 1st he wants to make that 47 percent? I certainly hope we can read these bills first before we're asked to do that.
I yield to the gentleman from Iowa.
I thank the gentleman from Iowa.
There is a lot to contemplate when we're talking about this national takeover of health care. The gentleman has every reason to be concerned because, when the government takes over an area of American national life as we have seen, the American people are the ones who lose control and who lose choice over their economic destinies.
Here is one thing we've been hearing about from the Speaker of the House. She has been talking about how this nationalization of health care will be paid for through prevention, that we'll have new prevention in place that will keep Americans healthier and that we will realize something like over $500 billion in savings in prevention.
Well, where is it? Itemize it. What is it that we aren't doing now that we're going to see dramatically occur in prevention? It isn't there.
It's not going to materialize because we know where the savings will come from. It will come from the Federal bureaucracy, and we have the Federal bureaucracy that's contained in the bill that the Democrats have put forward. This big mess that's on this chart shows 32 new Federal Government agencies. This is what will stand between any American and his doctor. So think of an American standing on that side of the paper with 32 bureaucracies. You've got to get through this labyrinth, Mr. Speaker, before you can get to your physician.
Now, is this what Americans want?
A study was just completed that showed that 89 percent of Americans today are happy with the health care that they receive. Another study that was done said 77 percent of Americans are happy with the health care that they receive. Now, that doesn't mean that our health care system is perfect. It isn't. One of the greatest things that we can do is to make all Americans' medical expenses deductible on their insurance. That would be something great that we could do for the American people because the biggest problem in health care today is not access; it's the cost. Health care premiums are going through the roof. Well, what can we do?
We could change the Tax Code, and we could allow Americans to purchase their health care the same way they purchase their car insurance--across State lines, buy in pools, bring down the price, have true competition, and allow small clinics like the MinuteClinics, for instance in Minnesota, to be set up all across the United States. Have health savings accounts so that you control your own costs, and you take it with you. The government doesn't own your health care. You do.
Mr. Speaker, this is the plan that President Obama wants for the American people, a great labyrinth of bureaucracy. How are you ever going to get your health care if you've got to go through this bureaucracy?
One thing we know about bureaucracies is they justify their own existences, and they all make a lot of money. The average Federal employee today makes about $75,000 a year plus benefits. There are a lot of people out there who would love to make $75,000 a year. Well, we're creating 32 new bureaucratic agencies. This is nonsense. This is about a government-created welfare bureaucracy. That's what this is about. It's not about insuring more Americans, because even under the Democrats' own forecast, not all Americans are even going to be covered.
Potentially, about half of the people who are uninsured now can afford to pay for that insurance. Of the other half who can't afford it, we have a good amount of people who are under 35 who are in very temporary situations. About a third of those people are illegal aliens. Truly, only somewhere between 12 and 16 million people aren't insured. That out of 305 million? Surely, we can find an answer for them.
Why wreck the health care that 89 percent of Americans say they like so that we can give government control over 17 percent of the American economy? Why do we want to do this?
This is President Obama's vision for American health care. It's not what Americans want. There is no savings extracted out of prevention, not to the level that they're talking about. We need to get real about health care, and that's why the American people need to melt the phone lines of their Members of Congress. They need to let them know what they think about this plan before it's too late.
I yield back to the gentleman from Iowa.
Will the gentleman yield?
That was the aspect of the Hillary plan. It was an outlawing of all private insurance. The one thing we know from page 16 of the 1,018-page bill is that no more private insurance policies can be written--never, nada. You can't write any more private insurance. Of course, if the public option is subsidized by government at 30 to 40 percent less than the private insurance plans, what we know from the Levin Group is that 113 million Americans will be collapsed out of private insurance and will be put over into the government option, thus collapsing the private insurance industry. It will all be government, and that's within 5 years that we will see the end of private care in the public.