Transportation, Housing And Urban Development, And Related Agencies Appropriations Act, 2008
Mr. Chairman, I offer an amendment. I thank the Chair, and I thank the leadership for the opportunity to bring this amendment forward. This amendment is a very simple amendment. It's an amendment that has come to be known as the Hefley…
Mr. Chairman, I offer an amendment.
I thank the Chair, and I thank the leadership for the opportunity to bring this amendment forward.
This amendment is a very simple amendment. It's an amendment that has come to be known as the Hefley amendment, or at least came to be known as the Hefley amendment, a former Member of this body who offered an amendment to decrease appropriations bills by 1 percent in an effort to begin fiscal responsibility.
And it's my privilege to bring these amendments to the floor again in an effort to take that first step, take that first step to begin fiscal responsibility in this Chamber.
This is a good debate. It's a good debate that we have when we talk about how to spend hard-earned taxpayer money, because, Mr. Chairman, as you know, oftentimes in this Chamber, in fact, we've heard on some of these appropriations bills Members talk about their money, about my money. And it's always important that we remember whose money it is. It's not government money. It's not our money. It's the money of the hardworking American taxpayer.
So this amendment is very simple. It simply says that we ought to reduce by 1 percent the amount of money being spent in this particular appropriations bill. And to be clear, that is still a significant increase in spending over last year, but it's an attempt to begin fiscal responsibility.
One of the numbers, the numbers are that last year this portion of the appropriations bill spent $47.5 billion. The President requested an increase to $47.9 billion for this next fiscal year, and the committee itself brings forward a bill that will spend $50.7 billion. That's $3.2 billion more than last year.
So this amendment would say, well, we ought not spend $50.7 billion. Let's see if we can't get a little fiscal responsibility and instead spend $50.2 billion.
Again, it's not as far as many of us think we ought to go in an effort to try to be more responsible with spending the hard-earned American taxpayers' money, but it is a step in the right direction. It is a step along the line of fiscal responsibility. It is a recognition. It would be the beginning of a recognition that this is not Congress's money, that it is the money of the hardworking American taxpayer.
On many of these bills we seem to get a few more votes each time. I'm hopeful that at some point this House will make a statement, that this House will make a statement and say, yes, we do believe that, in fact, moving forward under the banner of fiscal responsibility dictates that we respect the hard work of the American taxpayer and, in fact, accept one of these amendments as we move forward.
So with that I think it's a commonsense amendment. It's a problem- solving amendment. It's an amendment that speaks to what the American family would do when they have some fiscal challenges, and that is to overall reduce the amount of money that they spend.
So, with that, I encourage my colleagues to support the amendment.
Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, I'm pleased to yield 2 minutes to my good friend from North Carolina (Mr. McHenry).
Mr. Chairman, may I inquire whether it's the intention of the gentleman from Ohio to close when he speaks.
Mr. Chairman, I yield 3 minutes to my friend from Minnesota (Mr. Kline).
Mr. Chairman, I yield 1 minute to my friend from Minnesota (Mr. Kline) for purposes of setting the record straight.
Mr. Chairman, if I may inquire as to the amount of time remaining.
Mr. Chairman, I yield 2 minutes to my friend from North Carolina (Ms. Foxx).
Mr. Chairman, at this time I am pleased to yield 1 minute to my friend from Texas, the chairman of the Republican Study Committee, Mr. Hensarling.
Mr. Chairman, I am tempted to ask my good friend from Ohio whether it is the final right to close, or whether it is otherwise.
Mr. Chairman, at this time I am pleased to yield 5 minutes to my good friend from Arizona (Mr. Shadegg).
Mr. Chairman, may I inquire as to the amount of time remaining?
I thank the chairman.
I think this has been a healthy presentation from this side. The muted response from the other side is understandable.
When you have instituted in your budget the largest tax increase in the history of the Nation, when you continue to increase the spending at a rate that is greater than inflation, greater than the increase in population for our Nation, then the response, I suspect, ought to be muted.
My good friend from Ohio has said he will close, and I look forward to that response. I am reminded, prior to him standing up, though, that a wise individual once said: When you don't have the facts on your side, then you ought to raise your voice, and you ought to raise it very loud. And so I ask my colleagues to pay attention to what is about to come.
I do want to recognize what my good friend from Texas said, though, and that was talk about Alice in Wonderland. I have dubbed it Orwellian democracy that we are involved in here. My friend from Massachusetts talks about the railing against the Republicans who spent too much and increased the debt. And so what is the response to that? It is to increase it even further, spend more money. They use the grand line of we are interested in investing in the American family. Well, Mr. Chairman, the American families all across this Nation know that when the majority party, when the Democrats talk about investing, what they mean is to hold on to your wallet because that means that taxes are coming; and the budget indeed includes the largest tax increase in the history of the Nation.
This bill, this bill in and of itself, a $3.2 billion increase, 6.7 percent over last year. Why is it that we can't just decrease that by 1 percent? By 1 percent. Is that too much to ask?
Mr. Chairman, I would urge you, if you have any questions about what kinds of money we are talking about, it is H.R. 3074, you can go on line. You can find this bill on line, and you can go to any line item. And I would suggest, Mr. Chairman, when you do that, that if you take any specific line item and you say to yourself, is it possible that they might be able to get by with 1 percent less, 1 penny out of a dollar, $1 out of every $100? Again, that is what American families all across this Nation do. When they find themselves in a little bit of financial difficulty, when they find that their wallet is a little pinched, what they do is they look at their expenditures and they say, we are going to have to cut back. And that is exactly what we, the American family, want to do is to cut back.
That is what this is. This is a sincere and a commonsense attempt to try to begin fiscal responsibility here in the House of Representatives. I urge my colleagues to support this amendment.
I yield back the balance of my time.
Mr. Chairman, I demand a recorded vote.
Mr. Chairman, I offer an amendment.
I would urge my colleagues to take a clear look at this commonsense amendment.
This is an amendment that addresses an area of the bill. The underlying bill itself, this appropriations bill, allows for money to be placed in a slush fund that would be used essentially for political purposes.
So, Mr. Chairman, I rise to offer this commonsense amendment that would prohibit the FHA from diverting money to help fund a ``housing trust fund.'' This name for this is actually part of the Orwellian democracy that I've talked about extensively with this new majority.
Because it really isn't a housing trust fund. It is a fund that is wholly unnecessary and wholly political.
This amendment would shield middle-class homeowners from the new majority's desire to fund a new expansion of government-built housing; again, with completely political paybacks. HUD already has a number of programs, a number of programs, Market-to-Market, the American Dream Downpayment Initiative, which are aimed at preserving existing affordable housing and expanding affordable homeownership.
The HOME Investment Partnerships Program, also administered by Housing and Urban Development, is the largest Federal block grant to State and local governments. It is dedicated exclusively to creating new affordable housing to low-income households.
The new Affordable Housing Trust Fund that is pending funding in this bill derives part of its funding from skimming money, and a lot of it, from FHA mortgage premiums and creates another mechanism which forces the Federal Government into the home-building business and with political nuances to it all.
As Assistant Secretary for Housing, Federal Housing Commissioner of the United States, Department of Housing and Urban Development, Mr. Brian Montgomery, pointed out at a recent hearing before the House Committee on Financial Services, FHA receipts are already credited toward HUD appropriations. As a result, any new program, any new program, like this one, takes that revenue at the expense of the previous HUD programs that I mentioned earlier. As Mr. Montgomery testified, we will be ``robbing Peter to pay Paul.'' Now, why would we do this? Well, we would do it, I guess, because the majority party desires to have political direction over that money.
Mr. Chairman, is there any doubt that the provisions of the FHA modernization bill will create an incentive for FHA to charge higher premiums than is safe or prudent given that incentive? Pressure to hit certain revenue targets will cause a dramatic departure from today's environment where the FHA is able to work to ensure that low-income and first-time homebuyers are being charged the lowest possible premium. It will be those borrowers who pay the cost of this new housing trust fund, those least able to afford it, and likely those least able to desire any activity that smacks of the political cronyism that this slush fund would bring about.
Mr. Chairman, I urge my colleagues to take a serious and prudent look at this commonsense amendment. I believe it is something that the entire House should be able to embrace. I hope they will support the amendment.
Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, I appreciate those comments. I understand the lack of desire on the part of the appropriators to get into the business of the authorizers, but that is the way the system works here. One committee will authorize, and then the Appropriations Committee comes along and determines whether or not there ought to be money.
What this amendment says is that this House ought to say no, we ought not put money into a slush fund, into a housing slush fund that actually takes money away from programs that are demonstrated to have had excellent results, Market-to-Market, the American Dream Downpayment Initiative, the HOME Investment Partnerships Program.
This slush fund will take money away from those programs that have been very, very helpful to individuals across this Nation, low-income individuals across this Nation, who are trying to get into a home. What it will do is substitute it with a slush fund that will be used for political purposes. There is no doubt about it. So it doesn't surprise me, I guess, that the majority party would oppose this amendment.
But I would ask my colleagues on both sides, Republicans and Democrats, to clearly look at this amendment and appreciate that none of us, none of us, ought be using this kind of money, the kind of money that allows low-income Americans to get into their home and have the American dream, realize the American dream, but to do so with political slush fund money. It just isn't appropriate. It is just not right.
So I urge my colleagues to take a serious look at this amendment and support the amendment.
Mr. Chairman, I yield back the balance of my time.
Mr. Chairman, I demand a recorded vote.