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Everything Mitch McConnell said on the floor, from the Congressional Record
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Showing 15 of 7915 statements
- Senate Floor·June 27, 2011·p. S4109
- Senate Floor·June 27, 2011·p. S4122-S4124
Tribute To Opal Overbey
Mr. President, I rise today to pay tribute to a devoted and hardworking Kentuckian. Ms. Opal Overbey has been honored in her hometown and will have her life story submitted to the Library of Congress for being an extraordinary woman who…
Mr. President, I rise today to pay tribute to a devoted and hardworking Kentuckian. Ms. Opal Overbey has been honored in her hometown and will have her life story submitted to the Library of Congress for being an extraordinary woman who dedicated her life to her family and her work.
Born December 2, 1929, on Tom Cat Trail in Laurel County, KY, Opal was the fourth of eight children. Growing up, Opal remembers a childhood filled with love, laughter and hard work. Following the guidance of her parents--her mother, a committed housewife and her dad, a diligent farmer--she learned that a little hard work and determination goes a long way. Driven by a desire to be independent and earn her own money, Opal worked two jobs. After many years at the local laundromat as well as working part time at the Crystal Kitchen, Opal moved into a small room in a house behind a jeweler with her cousins. Soon after, she met her husband of 62 years, Virgil Overbey.
When Opal was 17 she and Virgil got married. Together they had four children. Being a mother at a young age was a difficult feat to master, but Opal was determined to give her children a childhood similar to her own. As they got older, her eldest son Jim found a common interest with his mom, and together they built a greenhouse supplying flowers and crops for the community. After Virgil Overbey's unfortunate death on November 24, 2008, the greenhouse was a way for the family to stay together and enjoy each other's company while doing something they all loved.
Opal's greenhouse business continues today. She says that working at the greenhouse has always been a pleasurable experience, but it's the people and the customers that make it worthwhile: ``I think in life you have to just work and treat people right, and be honest and the Lord will bless you.'' Her children have grown up and started families of their own, and Opal continues to help in any way that she can.
Kentucky is fortunate to have a hardworking and devoted woman like Opal Overbey. At 81 years of age, Opal has lived a lifetime of service to her community. I am sure her children Jim, Denver, Glenda, and Evelyn, as well as her whole family, are very proud of everything that she has accomplished and provided for her loved ones.
Mr. President, the Laurel County Sentinel Echo recently published an article highlighting Ms. Opal Overbey's life and career. I ask unanimous consent that the full article be printed in the Record.
- Senate Floor·June 23, 2011·p. S4037
Appointment Of Acting President Pro Tempore
Mr. President, I ask that the order for the quorum call be rescinded.
Mr. President, I ask that the order for the quorum call be rescinded.
- Senate Floor·June 23, 2011·p. S4037-S4038
Kentucky Storms
Mr. President, people in my hometown of Louisville, KY, are still recovering this morning from a series of storms and possible tornadoes last night that inflicted considerable damage across the city, including at the historic Churchill…
Mr. President, people in my hometown of Louisville, KY, are still recovering this morning from a series of storms and possible tornadoes last night that inflicted considerable damage across the city, including at the historic Churchill Downs racetrack, home of the Kentucky Derby.
More than 600 Louisvillians were without power this morning after thousands lost power yesterday. The storms did their worst at Churchill Downs in South Louisville, where there were reports of funnel clouds, and some barns were destroyed, sending many horses running loose. In many parts of the city, there were downed power lines. The storms also did considerable damage near my alma mater, the University of Louisville, and in the Jeffersontown area.
The National Weather Service plans to be in Louisville today to survey the damage and determine if the city was indeed struck by tornadoes. The town is bracing itself for another round of severe weather with severe thunderstorms, high winds, and even hail in the forecast for today.
Luckily, it appears so far that only property was damaged and no lives were lost or people injured. The horses are all OK too, for that matter, which is extremely important to us in Kentucky.
We are thinking of those who have been affected by these storms and will continue to keep a close eye on the city of Louisville and make sure the people have everything they need to clean up and rebuild.
Debt Limit
Mr. President, this morning I would like to address what I view as a worrisome development in connection with the ongoing debt limit talks, but first I think it is important to remind ourselves what the purpose of these talks is.
From the very beginning, the goal has been clear: to come up with a serious and significant plan for reducing the deficit as a condition for any agreement to raise the limit. Without such a plan, we are told, America could very quickly face an economic calamity of historic proportions, at a time when millions of Americans are still trying to recover from the last one.
As one of the major credit agencies recently put it:
The rating outlook [of the U.S.] will depend on the outcome
of negotiations on deficit reduction . . . a credible
agreement on substantial deficit reduction would support a
continued stable outlook; lack of such an agreement would
prompt Moody's to change its outlook to negative on the AAA
rating.
This is serious stuff, and many of us have been hoping for and working toward a serious bipartisan solution, a plan that would convince the American people, the markets, and the world that America is capable of getting its fiscal house in order. Let's be clear about something else: We all know what such a plan would look like. Everyone, including the President, knows we cannot rein in our debt without a reform of long-term entitlements. It cannot be done. And everyone knows
any serious plan would have to be in the trillions to get the job done. That is why even the Democratic chairman of the Budget Committee said this week that he wouldn't even support a plan that proposed to cut less than $4 trillion over the next 10 years. That is also why it is so concerning to many of us that some have begun to suggest a different goal for these talks.
Over the past several days, some have suggested in various news stories that the real goal of these talks is to devise a plan that satisfies one side by reducing the debt and satisfies the other side by raising taxes. The suggestion here is that all this is all just some quid pro quo exercise between the two parties. This is a dangerous trend, and it is wrong. It is important that we dispel it.
The central issue in these talks, as every serious person knows, is our Nation's massive deficit and debt and the disastrous long-term consequences for jobs and the economy that would result if we do absolutely nothing about it. We have this problem for one very understandable reason: The government spends too much. The way to solve it is to spend less.
It is mystifying, really, that at the eleventh hour some would now propose tax hikes as a condition to any agreement. It is mystifying not only because of the absurdity of proposing a tax hike as a way to help the economy and create jobs, it is mystifying above all because we know quite well that a tax hike would never make it through Congress, not because of Republican opposition but because of Republican and Democratic opposition. We have already had the votes to prove it. Six months ago, Democrats couldn't even muster enough votes to pass a tax hike on upper income Americans when they had 59 seats in the Senate, a 40-seat majority in the House, and a Democrat in the White House. They couldn't get that done 6 months ago. Less than 2 weeks later, right after that effort to raise taxes, which they couldn't get done, they voted almost 4 to 1 in favor of keeping the current tax rates in place. That was when the Democrats had a huge majority in the Senate, a huge majority in the House, and a President of the United States. They couldn't raise taxes.
So there is one of two things going on here: Either someone on the other side has forgotten that there is strong bipartisan opposition in Congress to raising taxes or someone involved is acting in bad faith. We have known from the beginning that tax hikes would be a poison pill to any deficit reduction proposal. Those who are proposing them now either know this or they need to realize it very quickly.
That is to say nothing of those who are now proposing more spending as a solution to our debt crisis. This isn't just mystifying, it is absolutely farcical. Most Americans had to wonder if they were dreaming this morning when they saw this headline: ``Democrats Call for New Spending in U.S. Debt Deal.'' It is unbelievable. More spending as a solution to the debt crisis? What planet are they on?
All of which gets at the larger issue in this whole debate, and here I am referring to the continuing silence of the one person who matters most to its outcome.
For weeks, lawmakers have worked around the clock to hammer out a plan that would help us avert a crisis we all know is coming. Do you remember what Admiral Mullen, the Chairman of the Joint Chiefs of Staff, said when asked what our biggest national security threat was? He said: Our debt. Erskine Bowles, Bill Clinton's Chief of Staff, Cochairman of the deficit reduction commission, called it the most predictable crisis in American history. We all know this crisis is coming, knowing at some point the President will have to sign on to some solution. So it is worth asking, where in the world has President Obama been for the last month? Where is he? What does he propose? What is he willing to do to reduce the debt and to avoid this crisis that is building on his watch? He is the one in charge. I think most Americans think it is about time he started acting like it.
It is not enough for the President to step in front of a microphone every once in a while and say a few words that somebody hands him to say about the jobs situation and our economy. Americans want to see that he is actually doing something about it. What they see instead is more bad economic news every day, a gathering crisis that threatens to make current problems even worse, and a President who is either unwilling or unable to recognize that our Nation's economy is in very serious trouble. He is the President. He needs to lead. He needs to show that he recognizes the problem. He needs to do something about it. We are not in the majority. We can't sign anything into law. That is the President's job. That is his job. Yet, until now, he has stood in the background. He has acted as if it is not his problem. Well, it is his problem. This is his problem to solve. America is waiting.
I yield the floor.
- Senate Floor·June 23, 2011·p. S4066-S4068
Morning Business
Mr. President, I rise today to honor one of Kentucky's inspirational treasures. Ninety-four-year-old Clyde Brock is one of four residents of Laurel County, KY, who was chosen to share his remarkable story as part of London, KY's Living…
Mr. President, I rise today to honor one of Kentucky's inspirational treasures. Ninety-four-year-old Clyde Brock is one of four residents of Laurel County, KY, who was chosen to share his remarkable story as part of London, KY's Living Treasures Project. Looking back, Clyde Brock has remembered for us the monumental events and cherished memories that helped shape his life.
Born April 9, 1917, in a small town called Roots Branch in Clay County, KY, Clyde Brock was the eldest of 10 children of Johnny and Mary Brock. Suffering from a staph infection in his leg, Clyde endured a childhood of doctor visits and constant operations. Though his disability left him with one leg shorter than the other, Clyde refused to let it hinder his ability to experience life to the fullest. He can recall the excitement of seeing his first Model T Ford, the growth and development of his hometown, the constant changes in prices, the Great Depression, and the effects of war. After being turned down for the draft, due to his leg, Brock went on to pursue a career in teaching after graduating Sue Bennett College in 1940.
Clyde also took the position of postmaster and remembers well when customers would bring eggs to pay for their stamps instead of money. Three eggs paid for a letter; eggs sold for 12 cents a dozen back then. Clyde also ran a rationing board during World War II. He can remember folks standing in line half a day to get their pound of lard.
Soon after, Clyde married his late wife Ada Brown and they had three children. Sadly, Ada passed away earlier this year after suffering a severe stroke. After many years together, Clyde says that his greatest accomplishment in life was getting her to marry him.
After 32 successful years at eight different schools teaching history and civics, Mr. Brock retired. While recollecting his memories of walking to school through the snow and the enjoyment of seeing his students become excited about learning, it's clear Clyde Brock still has a passion for teaching.
Clyde is a member of Providence Baptist Church, where he is a deacon and trustee. Realizing that life is short, Mr. Brock says that it has only been ``by the grace of God'' that he has been able to live for so long.
I know my U.S. Senate colleagues join me is saying Mr. Clyde Brock, who can look back with pride at a full life well lived, is an inspiration to us all. He is not only a living treasure to London, but a living treasure to the State of Kentucky.
Mr. President, the Laurel County Sentinel Echo recently published an article illuminating Mr. Clyde Brock's long life and career. I ask unanimous consent that the full article be printed in the Record.
- Senate Floor·June 23, 2011·p. S4068
Tribute To Marvin Clevinger
Mr. President, I rise today to honor the heroic efforts of an honored Kentuckian. Known for his service and his allegiance to his country, PFC Marvin Clevinger is a true World War II hero in Pike County, KY. Born March 18, 1922, to James…
Mr. President, I rise today to honor the heroic efforts of an honored Kentuckian. Known for his service and his allegiance to his country, PFC Marvin Clevinger is a true World War II hero in Pike County, KY.
Born March 18, 1922, to James and Dollie May Clevinger, Marvin was the eldest of eight. Growing up on a farm in eastern Kentucky, Mr. Clevinger, also known as ``Garl'' around his family, was an intelligent young man who dropped out of the 7th grade to help provide for his family. Working as a timber man and a farmer before his days as a soldier, ``Garl'' did all he could to help his family as well as his community.
After enrolling in the war, Private First Class Clevinger, also known as ``Zeke'' to his platoon, fought in numerous battles, putting his life on the line for his country. Clevinger was said to be amongst the strongest and most agile of the soldiers and was honored with the privilege of being a scout for his platoon. In one battle, when his platoon found itself pinned by German machine gun fire, Private First Class Clevinger advanced 150 yards under intense fire and threw several grenades to silence the enemy. He received a Bronze Star for his heroic actions.
Private First Class Clevinger spent a month in the hospital in Paris after receiving multiple wounds in his legs during battle. He received numerous medals, awards, and decorations, including the Bronze Star with Three Oak Leaf Clusters, the Purple Heart, the Good Conduct Medal, the Rifle Sharpshooter Badge, the Combat Infantryman Badge, the American Campaign Ribbon, the World War II Victory Medal Ribbon, and the European/African/Middle Eastern Theatre Campaign Ribbon.
Marvin Clevinger returned to Belcher, KY, after the war and worked for the Russell Fork Coal Company Preparation Plant for 32 years. Currently, Marvin is an active member of Ferrell's Creek Church of Christ, and he serves as an inspiration to his family. Because of his hard work and all he has achieved and overcome in his 89 years, Marvin Clevinger is a hero to us all.
Mr. President, the Appalachian News Express recently published an article highlighting Marvin Clevinger's life and service. I ask unanimous consent that the full article be printed in the Record.
- Senate Floor·June 21, 2011·p. S3940
Kentucky Coal Miners
Mr. President, yesterday I came to the floor to report that there were several miners in my State trapped in a mine as a result of floods. I want to start today with an update on that situation. I am happy to report that all three were…
Mr. President, yesterday I came to the floor to report that there were several miners in my State trapped in a mine as a result of floods. I want to start today with an update on that situation.
I am happy to report that all three were rescued after spending 14 hours trapped in a Bell County coal mine. They were all reunited with their families last night, which is great news. Their families were waiting for them at the West Cumberland Baptist Church, and we are certainly glad this particular story had a happy ending.
- Senate Floor·June 21, 2011·p. S3940-S3941
Debt Reduction
This morning, I wish to say a word about the upcoming vote on the debt ceiling and the bipartisan negotiation surrounding it, to reiterate why we are having these talks and what they ought to achieve. But first, a little context. Right…
This morning, I wish to say a word about the upcoming vote on the debt ceiling and the bipartisan negotiation surrounding it, to reiterate why we are having these talks and what they ought to achieve. But first, a little context.
Right now, ratings agencies are threatening to downgrade U.S. debt, putting us on red alert that the kind of economic crisis we are seeing in parts of Europe could very quickly happen right here.
We know that failing to do something significant about our fiscal problems would be a serious drag on jobs and our economy. That is why, over the past several weeks, I have come to the floor of the Senate and spoken at press conferences, with a now familiar refrain: The time to act on significant reforms is right now. And I have been crystal clear about what qualifies as significant.
Above all, it means doing something to strengthen and preserve our long-term entitlement programs, so we can actually keep our promises to those who have been paying into these programs for years, and so these programs don't end up consuming every single dollar we take in. Entitlements are the biggest drivers of our debt. By definition, they have to be a part of any plan to lower the debt.
This is hardly a controversial view. Everyone from the President on down has said that entitlements must be reformed if we have any chance at all of reining in our debt and strengthening our long-term fiscal health.
In fact, 3 months ago, 31 Senate Democrats signed a letter to the President urging him to put together a plan to reduce the deficit, a plan they said they hoped would include entitlement changes, 31 members of the Democratic conference right here on the other side of the aisle, including the occupant of the chair.
As the occupant of the chair put it recently, ``I think it's absolutely clear that we have to redesign our entitlement programs.''
Here is how Senator Durbin put it a few weeks ago: ``We have serious economic problems ahead of us if we don't have some reform in both Medicare and Social Security.''
This was from former President Bill Clinton after the recent congressional election in New York: ``I don't think that the Democrats or the Republicans should conclude from the New York race that no changes can be made in Medicare,'' he said, ``[or] that no changes can be made in Social Security . . . that no changes can be made that will deal with this long-term debt problem.''
Here is President Obama's lead negotiator on the debt talks, Vice President Biden, from last January: ``Everybody talks about we have to do something about Social Security and Medicare, and we do.''
Here are the two chairs of the President's debt commission, Erskine Bowles and Alan Simpson, in a recent op-ed in ``Politico'': ``A credible plan must address the growth of entitlement spending . . .''
Here is the President himself, about a month after he took office: ``To preserve our long-term fiscal health we must . . . address the growing costs in Medicare and Social Security.''
And, as for me, I have been clear on this same point in public and in private from the moment I stepped out of a meeting with the President and other Members of Congress at the White House on May 12.
So it is not exactly a groundbreaking observation that if these discussions are to mean anything they have to involve entitlement reform since no one believes we actually get at our fiscal problems without it. This is what serious people expect and are hoping for out of these talks.
The moment requires, as I have said for weeks, three things: Real cuts in spending over the short term; that is, over the next 2 years-- not more spending increases or ``freezes''; real cuts over the medium- term; that is, over the next 10 years with enforceable caps on spending; and meaningful reforms to entitlements, which are the major drivers of our debt. That is the definition of a significant package.
Some Democrats are insisting that they will only agree to cuts if Republicans agree to raise revenue. That is
Washington speak for tax hikes and it is absurd.
First of all, is there anyone outside of Washington, DC, who really thinks that with 14 million people looking for work in this country, the solution is to raise taxes? The last thing you want to do in the middle of a jobs crisis is raise taxes. Does anyone seriously think that is a good idea? Even the President has said as much. It is just common sense. Remember, the President signed the extension of current tax rates back in December with a similar argument.
But even if we weren't in the middle of a jobs crisis, it would be foolish--and completely dishonest. We are in the middle of a debt crisis right now because we spend too much. The solution is to spend less.
How do we know this?
For 30 years beginning in 1971, Federal spending as a percentage of the economy has averaged around 20.8 percent. But after 2 years of out- of-control spending by the President and his Democrat allies in Congress, government spending is now projected to rise a full 4 percentage points above the historical norm.
That may not sound like a lot, but 4 percent of a $14 trillion economy is an enormous amount of money. Just as the economy sank, Democrats increased government spending by hundreds of billions of dollars. And now they want to make it permanent. That is the reason we have a deficit like we do.
Government spending has gone up, and a bad economy has caused revenue to go down.
That is the reason the debt has gone up 35 percent since the President took office.
Now Democrats want to use that bad economy as an excuse to lock their spending levels in place. They want to use it as an excuse to raise taxes, which would only make the economy worse, cause us to lose even more jobs, and make it even harder to create new jobs.
So let's just be clear about what is going on here. Right now, Washington is borrowing roughly $4 billion every day above what it collects in taxes. And Democrats don't want to admit we have a spending problem?
We have a national debt the size of our entire economy and Democrats are wondering whether they want to do anything about the biggest drivers of the debt?
Look: Democrats can continue to argue among themselves about whether to step up and address this crisis they have helped create, but they can't argue about what is causing it or what is needed to address it.
Republicans have been crystal clear about where we stand. And Democrats have also been crystal clear about what's needed for these talks to be a success. It is my hope that they consider their own past statements on entitlement reform as we approach the end of these talks.
The path to success is clear. Let's not let this opportunity to do something go to waste.
I yield the floor.
- Senate Floor·June 21, 2011·p. S3967-S3968
Tribute To Dr. Conrad Jones
Mr. President, I rise to recognize a distinguished doctor and Kentuckian, Dr. Conrad Jones. Dr. Jones has risen to become one of the most admired and applauded physicians in the Bluegrass State, a feat that was recognized at the…
Mr. President, I rise to recognize a distinguished doctor and Kentuckian, Dr. Conrad Jones. Dr. Jones has risen to become one of the most admired and applauded physicians in the Bluegrass State, a feat that was recognized at the Murray-Calloway County Hospital in 2007 when they opened their new women's health facility and named it the Conrad Jones Women's Pavilion. As Dr. Jones has contributed to the field of women's health for six decades now, it was a very fitting tribute.
When Dr. Jones was born in 1922, there was not yet the MRI, the ultrasound or the home pregnancy test. Dr. Jones's father, Dr. Cody Jones, was also a physician, and a young Conrad would accompany him on his rounds as a country doctor. The Jones family had come to Kentucky from the Carolinas and Tennessee before the Civil War. Conrad's mother was a school teacher who taught in Hazel and at Murray High School.
Conrad remembers his father worked long, hard hours. His father would have preferred that Conrad become a farmer instead of a doctor, in fact, because a doctor's life was too hard. Luckily for the people of Kentucky, Conrad did not take that particular piece of advice.
Dr. Conrad Jones attended Murray State and then went to medical school at the University of Louisville. After serving his country in uniform, he returned to Murray, KY, to work at what was then the new city-county hospital and its obstetrics unit. He helped patients from the immediate area as well as all over Marshall, Graves and Henry counties.
Dr. Jones has practiced medicine in Murray so long he can tell you the history of how medicine and medical technology has advanced in the area. Dr. Jones certainly keeps up with the technology, and is proud that Murray has what he calls by today's standards state-of-the-art facilities.
I wish to commend Dr. Conrad Jones for his many decades of service to his community. The people of Murray, Calloway County and Kentucky are lucky to have him. I know my colleagues join me when I say this U.S. Senate is grateful to him and his family for all he has contributed to make ours a stronger country.
The Murray-Calloway County Chamber of Commerce published a 2008 Viewbook that contained an illuminating article detailing Dr. Conrad Jones's life and career. I ask unanimous consent that the article be printed in the Record.
- Senate Floor·June 20, 2011·p. S3906
Morning Business
I ask unanimous consent that the order for the quorum call be rescinded.
I ask unanimous consent that the order for the quorum call be rescinded.
- Senate Floor·June 20, 2011·p. S3906
Kentucky Coal Miners
Mr. President, I would like to say a few words to acknowledge the three coal miners who are trapped in a coal mine near Middlesboro, KY. They were trapped there as a result of terrible storms and flooding in the southeastern part of my…
Mr. President, I would like to say a few words to acknowledge the three coal miners who are trapped in a coal mine near Middlesboro, KY. They were trapped there as a result of terrible storms and flooding in the southeastern part of my State. A number of different communities have been affected by the flooding, and a lot of people are working hard to help folks recover from power outages and mudslides. From what I understand, rescue efforts for the three miners are now underway, and the people on the ground are hopeful they will be able to rescue all three men, but we want them and their families to know we are all thinking of them as the rescue efforts continue.
This is a vitally important industry in the region, and in moments such as this it is appropriate that we acknowledge the danger people who work in the coal mines subject themselves to every single day. They are a courageous and dedicated group, and we are very grateful for their work.
I suggest the absence of a quorum.
- Senate Floor·June 16, 2011·p. S3852-S3874
Economic Development Revitalization Act Of 2011
Madam President, I ask unanimous consent the order for the quorum call be rescinded. Madam President, I know we are scheduled to have two votes around 2 o'clock today on the ethanol issue. Once we are past those amendments, we have a…
Madam President, I ask unanimous consent the order for the quorum call be rescinded.
Madam President, I know we are scheduled to have two votes around 2 o'clock today on the ethanol issue. Once we are past those amendments, we have a number of other important issues to be debated and hopefully scheduled for votes. Senator Hutchison, for example, has one on health care lawsuits, Senator Portman on unfunded mandates, Senator Brown on withholding payments, Senator DeMint has an amendment on the death tax and the renewable fuels standards. In addition, our ranking member and manager, Senator Inhofe, has a couple of amendments as well.
I will be talking to the majority leader during the next votes to see how we can begin to schedule votes on these and other amendments that may need to be considered before we move to final passage.
I suggest the absence of a quorum.
- Senate Floor·June 15, 2011·p. S3787
Medicare
Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.
Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.
- Senate Floor·June 15, 2011·p. S3787-S3788
The Economy
Mr. President, over the past few weeks, Americans have gotten what seems like a daily dose of bad news about the state of the economy. Whether it is more joblessness, threats from ratings agencies, the price of gasoline, goods and housing,…
Mr. President, over the past few weeks, Americans have gotten what seems like a daily
dose of bad news about the state of the economy. Whether it is more joblessness, threats from ratings agencies, the price of gasoline, goods and housing, or a slowdown in manufacturing, people are finding very little reason for optimism, and they are getting little comfort from an administration that seems more interested in deflecting the bad news than facing up to it. Amidst the onslaught of bad news last week, President Obama's message was that we had hit some bumps in the road-- we had hit some bumps in the road--and that people need to be patient in the face of what he called economic ``headwinds.'' He even joked about the wildly mistaken predictions he and others at the White House had made a few years back about the job-creating potential of the stimulus.
Well, I don't think the 14 million Americans who are looking for jobs right now find any of this very funny. I don't think the 23 percent of Americans who now owe more on their mortgages than their homes are worth are laughing about their predicament. I don't think recent college graduates, who are burdened with tens of thousands of dollars in student loan debt and who can't find a job, are amused that the stimulus turned out to be a failure.
In fact, I think Americans are deeply troubled by the fact that an administration which claims to be concerned about creating jobs has spent the better part of the past 2\1/2\ years--the better part of the last 2\1/2\ years--pushing policies that seem as though they were designed to destroy jobs instead. Indeed, I think there is a growing consensus out there that, far from improving the economy, the President has made it worse.
The facts speak for themselves. The day the President took office, 12 million Americans were out of work. Today, nearly 14 million Americans are out of work. That is a 17-percent increase in the unemployment rate under President Obama. So employment is clearly worse.
Gas prices have nearly doubled. When the President came into office, the average price of a gallon of gas in the country was $1.85. Today, it is $3.69. So gas prices have gotten worse.
The national debt has reached crisis levels. In the last 2 years, the debt has gone from $10.6 trillion to $14.3 trillion--a 35-percent increase from when the President was sworn into office. And his own budget projects it will only continue to grow. So the debt is far worse.
Health insurance premiums have gone up. For more than a year, the President devoted what seemed like every waking moment to a health care proposal that he said would lower health insurance premiums by as much as $2,500. Instead, health premiums for working families continue to rise, and the nonpartisan Congressional Budget Office says they will continue to grow by as much as $2,100 per year. So health insurance costs have gotten worse.
Home values continue to plummet too. In my State of Kentucky, home prices have fallen about 7 percent in the last year, while new home construction is down almost 15 percent. I have constituents with excellent credit telling me they can't get a mortgage because of new lending rules that have made it hard even for people who have worked for years and built a stellar credit rating to even get a loan. Nationally, home values have gone down 12 percent since Inauguration Day. So home values have gotten worse too, driving down the equity people have built over many years.
When it comes to policy, the President is fond of dividing the world into two camps. In his view, those who disagree with him are on the wrong side of history. Those who agree are on the right side. Well, at this point, I think most Americans agree if this is the right side of history, they are not interested; they would rather have their jobs back.
At this point, I think it is safe to say the patience of the American people has run out. Administration officials made a lot of promises of a brighter future. They have had their chance to deliver. Americans don't have infinite patience. They do not want to be told to wait a little longer when all the evidence shows that their circumstances and their prospects are only getting worse. They want a change in direction.
One of the liberal think tanks in town recently issued a press release that I think embodies the disconnect between Democrats in Washington and the experience of most people outside of Washington. In the face of all the bad economic news we have been getting, this particular think tank announced it had 10 charts which purported to show that, contrary to the claims of some, the United States is actually a low-tax country.
Never mind the fact that we have the second highest corporate tax rate in the world; never mind the fact that nearly 14 million Americans are out of work; never mind the fact that the time it takes out-of-work Americans to find a new job is now longer than it was during the Great Depression--and that since the housing crisis began, average home values have fallen more dramatically than they did even during the Great Depression. Never mind all that. These guys have 10 charts they want to show you that prove government should take more money out of the hands of taxpayers so they can spend it themselves.
I think this is all you need to know about the Democratic approach to the economy. It never seems to change. Take almost any major economic indicator you want, Americans are worse off than they were in 2009. It is time Democrats wake up to this fact. It is time they do something to solve these problems and help the people right in front of them.
Mr. President, I yield the floor.
- Senate Floor·June 15, 2011·p. S3788
Morning Business
Mr. President, I suggest the absence of a quorum.
Mr. President, I suggest the absence of a quorum.