The Federal Budget
Mr. Speaker, I thank the gentlelady for this opportunity. I applaud her for being here not only tonight, but on so many nights when you bring these important issues to the American public. I will be brief, and I just want to go back to one…
Mr. Speaker, I thank the gentlelady for this opportunity. I applaud her for being here not only tonight, but on so many nights when you bring these important issues to the American public. I will be brief, and I just want to go back to one of your very first comments that you made as you began this night's program.
You started out by saying, ``I do not know whether people who are listening here tonight are going to be interested on this debate on the budget or whether they are not. Some people are going to be interested, other people are not.''
I think the debate that we have here in Congress when it comes down to the Federal budget in reality is absolutely no different than the debate that goes around the kitchen table in the families across America, once, twice, three times a month with regard to the family budget. That is really all we are doing here, is we are just one large family, the American family and the American family budget.
You know, back at home right now, as I say, once or twice a month, people probably sit down as I do with the household checkbook, and you sit there with a stack of bills on the one side and you write out the checks to pay for them, whether it is the electric bill or the gas bill or other utility bills, the rent or the mortgage or other expenses that you have, maybe some more luxurious items, going out to eat or buying videos or other luxuries, a new car or what have you. And, at the end of it, at the end of that evening as you write out that check, you hope that you are able to write out that last check and that there was money in your checking account to pay for all those necessary and extra bills. But if there was not, if at the end of it you look at it and you say, ``Gee, there just is not enough money going around this month,'' what does the American family have to do with their budget? What they have to do is set priorities, set boundaries, set parameters, set a limit as to what they are able to do next month in their budget.
This is nothing different than what the Founding Fathers of this country said. Madison said in Federalist Number 45 that: The powers of the Federal Government are few and limited, but the powers of the States and the people are numerous and indefinite.
For that reason, we come to the Budget Committee and the budget process here in the Federal level realizing that those are limits on us and what we have to do so that we can protect the American family budget.
So I applaud you for doing what needs to be done here, and we can discuss later today and at other times, what are those priorities, and what are those waste, fraud, and abuse, as Mr. Hensarling has addressed in the past, that we must do to cut out so we put more priorities back into the family budget.
Mr. Speaker, I thank the gentlewoman for yielding.
When we talk about the Federal budget, sometimes the numbers are just so large that it goes out of our sphere of understanding, as I was referencing before our conversation with regard to the family budget and the dollars that they spend there, but at the end of the day the issue has really come down to the exact same thing, and that is, are you taking in as much money, income, your paycheck, what have you, through Federal tax revenues as you are paying out at the end of the day? Do you have a balanced budget? Do you have a paycheck?
That is a problem for the American family. This is a problem for the States, as well as the gentlewoman knows I come from the great State of New Jersey, and people from New Jersey know right now our State is having a difficult time with the State budget. Other people are looking in and they realize we are having a difficult time with the State budget. We have a new Governor who is trying to deal with this issue. As a matter of fact, in the State of New Jersey, we are looking at a $6 billion shortfall in revenue coming in. What that means is that we have less money coming in than is going out at the end of the day for the State treasurer when he writes out his checkbook at the end of each day.
But what the State of New Jersey has to do now, of course, is the same thing as the family budget. That is, they have to set priorities, boundaries or limits, but so, too, does the Federal Government.
The Federal Government is basically on some of the items that you have already raised. We have to decide what are the priorities of the Federal Government.
I think one major word that you described for almost all of them is security: homeland security, economic security.
In the area of homeland security, if you look at the budget that came out of the Budget Committee that I serve on, we are planning to spend a 3.8 percent increase in homeland security to make sure that Americans at home feel more secure, that our borders are secure, that the Department of Homeland Security and the people that work for them have adequate money in order to get the job done.
Another area, of course, for us in the area of security is defense. We want to make sure that we are able to protect our Nation, protect the freedoms and the liberties that our Fore Fathers have fought and other generations have fought since that time. For that reason, in this budget, we will be seeing a 7 percent increase in defense.
Veterans, of course, is another area that this budget does not skimp on at all, and I think the gentleman from Texas gave some of the numbers before as far as the policy and the goals of this administration and of this Republican Congress to make sure that our veterans are adequately taken care of and protected.
So this budget does continue what this Republican Congress has done in the past. It sets out what the appropriate priorities have got to be for this Congress and for this Nation, and once we establish those priorities, we can establish our spending.
And if the gentlewoman will yield. After anyone, a State or a family or the Federal Government sets its priorities, the second half of the equation then must be what are the items that don't rise to that level of a significant priority? Where are those areas, again as Mr. Hensarling referred to that we can begin to say maybe we should not be spending all the money that we have been in the past. And I would humbly suggest a couple that I would at least suggest that may not be the top priorities.
Some of the areas where we could see some savings, for example, the Great Ape Conservation program, the Rhinoceros and Tiger Conservation program, the African Elephant Conservation program. Certain areas and important issues, I am sure, but when you compare them against making sure our veterans have the TRICARE services they need, I would say they pale in comparison.
How about the exchanges with Historic Whaling and Trading Partners program, or the Native Hawaiian Vocational Educational program, or the Native Hawaii Health Care program, for that matter.
If the gentleman has yielded.
Normally, the press and the media would say that if you had unemployment under 6 percent that you are doing good. We have seen because of the actions of this Republican Congress in cutting the taxes and returning the money to the family budget, as opposed to keeping it here in Washington for the Federal budget, we now see unemployment in this Nation around 4.7 percent.
Normally, the press and the national media would say if you have growth in the economy of around 2 percent that
you would be doing good. Well, we, of course, know that because of those tax cuts that you referenced just a moment ago, we have seen the growth in the economy of over 3 percent for the last 11 straight quarters. So it is because of this pro-growth economic policy you just set forth that we are seeing the economy grow.
And by having a strong national economy, obviously it is helping the revenue stream on this side and obviously it also affects the family budget.
I yield back.
Will the gentleman yield?
Just for a quick point. I don't normally do this, but I would reference you to The New York Times and today's edition, because they verify that too. You can't go by what their headlines say, because their headline is a little misleading. But they did an article in the business section in The New York Times today saying who benefitted from the tax cuts that this Republican-led GOP Congress and this administration passed. And if you get beyond the headlines and you dig down into the weeds, even The New York Times admits that the benefits to them are to the middle class and the lower class, as opposed to the higher incomes, as the other side would argue.