Mr. Speaker, I thank the gentleman from Virginia for yielding, and I thank both gentlemen from Virginia and Mr. Spratt and all of our colleagues on the Budget Committee for their leadership and diligence in making the case against the…
Mr. Speaker, I thank the gentleman from Virginia for yielding, and I thank both gentlemen from Virginia and Mr. Spratt and all of our colleagues on the Budget Committee for their leadership and diligence in making the case against the Republicans' failed economic strategy and misguided budget priorities.
These shortcomings are conspicuous in the President's fiscal 2007 budget. If the last few years have taught us anything, the emerging Republican budget resolution to be considered by this House in the coming weeks will mirror the problems and missteps called for in the President's proposal.
On one hand, we are hopeful, even optimistic, that the promise of his competitiveness agenda represents a down payment on the long-term priority investments we need to make in order to maintain our competitive edge in the global economy. Yet, on the other hand, this budget is perhaps the single most disappointing, counterintuitive, and hypocritical proposal of his six requests thus far. Calling for deep cuts in education and health care, for example, while advocating a competitive workforce, represents a fundamentally incompatible strategy. Americans shouldn't be surprised, though, given this administration's history of cutting taxes for the wealthiest individuals and corporations at the expense of middle-class priorities.
After a dozen town hall meetings in my district in recent weeks, my constituents have spoken loud and clear about how these budget cuts are making it tougher for their families to stay ahead in today's economy.
Let me focus on two aspects of the President's budget proposal, each of which reflects deeply flawed policies.
First, education. Under the so-called Deficit Reduction Act and the President's 2007 budget request, student loan programs are cut by $12 billion, Pell grants are frozen for the fourth year in a row, and the Federal portion of the Perkins loan fund is recalled. This decision alone will take out of the student loan system another $600 million per year.
As a consequence, the rapidly expanding gap between the amounts of available student aid compared to the total cost of obtaining a college education is growing out of control. Yet this administration's response is that colleges should simply charge less.
But it is not making the same demands of other industries that are equally critical to our economy's infrastructure and competitiveness. While the budgets of college students and their families are stretched to increasingly thin margins and the dream of obtaining a higher education is placed farther out of reach, the administration isn't calling upon the drug companies or the oil and gas companies or those industries operating with banner profit margins to make the same sacrifices.
The central point is this: we can propose a competitiveness agenda, but it is simply an empty promise if our policies are going to make it more difficult for students to attend college. We can educate all of the AP students we want, we can have the best AP teachers in the world we want, but if once they finish those AP courses they don't have access to a higher education, our competitiveness agenda is simply an empty promise. It is a sham.
Investing where the government's help is needed the least, including $16.5 billion worth of tax breaks and generous subsidies for the most profitable oil and gas companies, at the expense of extending a helping hand to those Americans that need it the most is an economic strategy headed for failure.
Similarly, the President has chosen to scale back investments in the other pillar of America's competitiveness and critical infrastructure, health care. His plan to cut $36 billion from providers through fiscal year 2011 could result in Medicare reimbursements to medical facilities in my congressional district of approximately $28 million over the next 5 years, this on top of the $1.2 billion in cuts already enacted.
Reasonable people simply have to ask what kinds of priorities are revealed by these policy initiatives. More importantly, what kinds of values are revealed by these policy initiatives? Cutting funding for medical facilities doesn't save taxpayer dollars; it passes the costs on to local communities and places a greater strain on the middle class. Our health care system is already in tatters. The Medicare part D drug benefit remains in shambles, and more families are joining the ranks of the 46 million uninsured Americans.
These are the consequences of the Republicans' flawed policies. America needs a new prescription for competitiveness, one that we should rewrite as we take up the budget resolution in the weeks ahead.
If we are truly committed to sharpening our competitive edge and meeting the goals set forth in the President's budget, I suggest that we back up our promises by fully funding our health care and education priorities.
Mr. Speaker, this budget reflects priorities and values that simply cannot be supported. We can do better, and I look forward to working with my colleagues towards that end.