Thank you, Representative Garamendi, and thank you for bringing us together on what will be thoughtful discussion in how to invest in America and grow the economy and grow job opportunities, create that climate that best cultivates job…
Thank you, Representative Garamendi, and thank you for bringing us together on what will be thoughtful discussion in how to invest in America and grow the economy and grow job opportunities, create that climate that best cultivates job action and job growth in our society.
Just moments ago on the House floor, we held a moment of silence in recognition, in commemoration and respect for those who gave it their all, as many were Federal employees in that situation. I also want to attach my comments to those of yours in extending my condolences to the many family members and friends who are so impacted by this tragedy, this horrific act that wiped out their lives prematurely. May they rest in peace.
Representative Garamendi, you have highlighted in very stark contrast the difference in the thought process and the philosophy of what was then under President Franklin Roosevelt and what is now, and certainly what had happened during the Clinton years, which proved much more progressive in its nature.
If we think of that quote of President Roosevelt where society needed to be tested as to whether or not they were going to add more, add to the abundance of those who have much, that was a tremendous litmus test. It was a challenge to this country to search deep into its moral compass. What you're highlighting here, Representative Garamendi, is that it's an ebb and flow. It's looking for ways to pay for tax breaks for those who are perched way on the top.
Where you talk of that 95 percent, 98 percent of the growth of the economy going to the top 1 percent, that's unsustainable. When you think of the gimmickry that is going on, to be able to provide for the cost of such spending--because these tax breaks for those perched on the top is an order of spending--it's done through cuts to programs that speak to hunger, cuts that will impact seniors, cuts that will impact our very young, cuts that will impact our struggling families.
There is no mistake between the correlation of tough times and those who are dependent on a number of Federal programs. Throughout history, you can suggest through data that are compiled that those charts go upward when you have tough times and the reliance on some of these programs grows, and it's not unusual that has happened during the recession. So some struggling families required assistance.
You also have the elderly population that have nutrition inserted as part of their health care formula and is part of their wellness agenda. If a diabetic does not get their nutritional needs met, there are problems. If there are situations where people are doing without food, it can be the difference between quality of life and sometimes survival because of the absolute need to have a well-balanced nutritional program.
The same is true of our very young. We cannot ask our young children to go without the nutritional values they require or ask them to study at their best level in a classroom on an empty belly.
The moral compass is very direct here. It points our way and challenges us to take those words uttered decades ago by President Roosevelt. They speak with greater resonance, a deeper more profound resonance than they had when they were perhaps first uttered by the late former President. We need to take that to mind. We need to have history speak to us. We need to look at what happened when we invested in America, in her working families in the toughest of times.
When we think of the progress made during those Roosevelt years, that was a gentleman who was challenged in his own right and who led this Nation, lifted this Nation's economy while serving in a wheelchair. That is a powerful statement, one that had progressive outcomes written all over it. We need to go forward and look at these orders of investment that will grow the economy, a tax policy that draws fundamental fairness so that there isn't this gross disparity between growth for some and denial for others.
It's absolutely statistically tracked now from as far along as the mid to late seventies to today. You can chart what has happened with some of these efforts to reduce assistance to working families in middle-income communities. It is unsustainable. We cannot grow an economy with these sorts of policies in play.
So tonight, let's look at those investments, from education, higher education, to infrastructure, to advanced manufacturing that is required so as to allow us to compete effectively in a global economy where our manufacturing base can survive if we do it smarter, not necessarily cheaper. If we do it smarter, we will land contracts, grow jobs with the productivity factor that is developed by inserting our policies into the transformation into an advanced manufacturing economy and by providing the investments that will draw policies that are progressive and more resources that will provide a lucrative dividend, make them an investment rather than outright spending, as we saw with some of these tax relief measures which did not produce a growth in the economy and just made life very comfortable for a very relative few.
So I think the challenge is before us to go forward and put a sound budget together--none of this kicking the can down the road with a continuing resolution. Let's name the designees to the conference table from each House, from each party. The President has outlined the budget with his administration. The United States Senate passed its version of a budget. The House has passed its version of a budget. Let's name the participants at the conference table. Let's do it in daylight. Let's flood the lights on the process. Let's show the sharp contrast between the various solutions and recommended approaches that will allow the public to be best engaged in the process and to understand the wisdom or lack thereof of some of the moves that are required or requested of us here in the House.
There again, it's policy or lack thereof that's impacting us heavily. Witnessing some of the unusual 100-year storms, 500-year storms as they're designated in a rapid succession over the last several years, dating back to the late 1980s, but then in rapid succession 2006, 2011 and 2012 in upstate New York in an area that I represent, or just south of me in the area that borders my district, tells me that even the nomenclature is ludicrous. It is not a 100 or 500-year storm; it's happening frequently. And it is because we don't embrace some of the science out there that, through data compilation, is begging our attention. If we're going to continue to ignore those impacts of Mother Nature, if we're going to ignore the global warming and impacts of Mother Nature on our infrastructure, we are going to have more and more bills for cleanup.
And is it just replacement, or are we talking about reevaluating situations? For instance, some of the electrical utility efforts that stayed most abundantly strong were distributed energy projects along the coast in metro New York with Superstorm Sandy. I saw infrastructure, bridges displaced by the powerful force of water, in some places equated to the cfs, the cubic feet per second, flow of Niagara Falls. So the data are telling you that these storms are more and more frequent, you're going to get this extra volume of water, precipitation, do you just replace, or do you take a longer span, greater height to that bridge design? These are things that need to be discussed. Again, it is going to be money coming out of the pocket because we're not dealing with the fundamental science that is telling us we should anticipate more and more of these storms.
The infrastructure along these efforts, the coastal erosion, is requiring all sorts of improvements of ports. This affects our economy. This requires a master plan. This requires a Make It In America agenda that puts into play investments into our infrastructure, to replace what has been damaged with a sound investment, reinvestment here, that improves upon a situation rather than just replaces when we know that it will probably not withstand the forces of Mother Nature into the future. So infrastructure is critical, and the millions that we can put to work with that kind of legislation. The President has called for improvement in our infrastructure that will put millions to work. The best way to resolve a deficit in this country is to have people going to work. The dignity that comes with that investment in work opportunity is good for working class families across this country. So we know what to do. Let's get on with the business.
It speaks also to the order of investments, rather than the order of spending, as some might label it. As we improve our infrastructure, for every dollar invested, according to Mark Zandi, chief economist with Moody's and former economic adviser to Senator John McCain, $1.57 is realized for every $1 that's invested. To me, that is a lucrative dividend. That is an opportunity for us to grow the economy by investing dollars, with the anticipation that there will be a good return on that investment. That's how it works. That's the beauty of building. I think it's what President Roosevelt saw in the 1930s and 1940s. He saw this opportunity to respond to the needs of America, public works projects that were absolutely essential, building water treatment centers, building schools and infrastructure, roads and the like.
President Eisenhower saw the beauty of an interstate highway system, putting people to work and making strong opportunities available for commerce. These are the fundamental needs of a sophisticated society. It's the needs of certainly America in a modern age, innovation economy. So the roads and bridges as traditional sources, water treatment facilities, utility grid upgrades, telecommunications, this goes well into the new technology spheres of today where you wire communities and neighborhoods for business. There is a dire need for that sort of activity. That puts people to work. That's an investment that will draw a rate of return on the dollars invested in those projects, and that's what makes the wisdom of that approach very remarkably sound and comprehensible.
I think history has taught us well, and for us to ignore history at a moment when we are still struggling with this comeback. And yes, there has been a steady growth in private sector jobs, but many propositions sent to the House and to the United States Senate by the Chief Executive, by the President, have been denied simply because of the source from whom they are coming. Let's be frank about this. This is not the time to play personality warfare. It's time to do sound, progressive policies that provide for then good politics, bipartisan politics for this Nation and her people and her working families. It's as simple as that. Let's go forward, invest in our manufacturing base. Innovation economy, clean energy economy, which requires the tools of a modern-day economy so we can build it cheaper and smarter perhaps, but definitely cheaper. That's how you land those contracts in the international marketplace.
So I am hopeful that our best days, Representative Garamendi, lie ahead if we have the tenacity, if we have the integrity to go forward with what are the soundest of policies and the boldness of investments that are done, that are placed on the table with the full anticipation and expectation that there is a reasonable rate of return on that investment.
Don't forget our ports, our rail, our airports.
Well, you know, it does go back to our humble beginnings. And again, history instructs us. History, if we allow it, will guide us. In some of our toughest times we realize some of our greatest, most monumental success stories.
And you did mention the canal, which for my area, I see the 20th Congressional District that I represent, is a donor area for that canal.
But I just want to make this factoid available. In those times, people look back, and they think, well, what a wonderful project, and it probably sailed through. No, it met with great controversy, and it was proposed because of economic difficult times.
And here was a vision. That's leadership. Give us the vision of how you can grow the economy, what can we do that is strong and forceful and will change the outcomes out there. And it was this connection of a port, in a little town called New York, that gave birth to a necklace of communities called mill towns in upstate New York that became epicenters of invention and innovation.
That all came about with a struggle, a struggle to find the investment available to build this canal. So the struggle will always be there.
The Erie Canal, barge canal history, which is wonderful.
But my point here is that there will always be struggle. For issues, there will be a counterforce to every force of perceived good that can happen, but that doesn't mean we should walk away because the climate or the environment is difficult.
We go forward. We know what has to be done. History has been instructing us here. Science, through data compilation, is reminding us of some very tortuous outcomes that have been part of very atypical storms. Superstorm Sandy, which gripped the entire Northeast, was atypical. Tropical storms and hurricanes in upstate New York, unheard of, that produced all sorts of damage, including loss of life, loss of farm land, valuable farm land, loss of businesses, loss of homes in some ways, totally swept away by the forces of water.
That is a difficult situation that needs to be addressed with infrastructure improvements. If not, if we do not take this to heart and mind, we will be, I believe, a lesser society for not having paid strict attention to both science and history which ought to guide us.
Yes. In fact, I will offer my closing comments here, Representative Garamendi.
You know, I think what you talk about in choices are exactly what a budget is about. It's the priorities we establish, in a bipartisan fashion and a bicameral way, that enable us to go forward with the best blueprint that grows the most hope and promise for this Nation. If we can deliver that hope, we've done our job.
This is about investing in the American Dream. It's about responding to that old, old adage within this Nation that you tether that American Dream here in this wonderful Nation, where people rightfully anticipate that if they play by the rules, they roll up their sleeves, they invest their talents and their skills and their intellect and their passions into work, they rightfully anticipate to taste success; and that allows them to have an equal shot at opportunity in this Nation.
That has not been the guiding course. We have had an unlevel playing field. We have made choices that have penalized the great percentage of Americans; 95 to 98 percent of Americans have been impacted by some of these choices and priorities to the negative.
And so it's important for us, I believe, to offer that dream, that American Dream, the underpinnings of support that it rightfully requires.
The cost of a college education ought to be addressed by Washington. We need to forcefully come up with a plan that reduces that cost, because that higher ed opportunity, those apprenticeship programs are training the workforce of tomorrow. And without that workforce, without that human infrastructure, we are less robust in our competitive force.
What about the investment, as Representative Garamendi mentioned, in infrastructure?
What about that infrastructure bill that has worked well in sections of the globe?
Why not go forward with that opportunity so that small business can prosper in that outcome?
The great engine of this economy, of this comeback, has been small business growth; jobs provided by those business citizens who are tethered to their community, who have enabled women and men in all sections of this country to draw a paycheck through some sort of commitment that they make as a small business person, giving that work opportunity to their neighbors and to the communities that they call home.
That's the strength that we need for small business so that we can continue to be that engine of comeback. That comeback scenario is incredibly valuable to this Nation.
And what about going forward with the commitment?
There's a soundness of that moral compass that should guide us. Forever there will be those who require justice in our society, economic and social justice.
We're reminded by our Founding Parents that we are in search of a more perfect Union. Well, the imperfections need to be addressed by those priorities that are established, established by us, the people's representatives in this House and in the Senate and in the White House, all of us working in a bicameral, bipartisan way to put aside petty partisan differences, to put aside personality warfare, and make certain we go forward with an agenda that is truly all-American, driven, ignited, and lifted by the American Dream.
Our days, Representative Garamendi, that lie ahead hold great promise,
great hope. I'm convinced that our best days lie ahead if we allow history and science to instruct us and to reach our hearts, our souls, and our minds as we go forward with the development of a budget that will be sound and reflective of all of America, with every one of her daughters and sons reflected in those decisions.
So I thank you for bringing us together this evening.