[Congressional Record Volume 157, Number 30 (Wednesday, March 2, 2011)]
[House]
[Pages H1501-H1508]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CRISIS FACING AMERICA
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 5, 2011, the gentleman from Missouri (Mr. Akin) is recognized
for 60 minutes as the designee of the majority leader.
Mr. AKIN. Mr. Speaker, it is a treat to be able to join you tonight,
my colleagues and friends, and to talk about a great crisis that our
Nation is facing. It is becoming increasingly apparent to Americans not
only that we have a problem with unemployment and jobs, but we have a
problem with the Federal budget and the deficit and the spending and
the taxing--all of those things that go into an economy.
These problems are far more significant than I think many Americans
are aware. I would like to talk about that tonight and to keep it
fairly simple, and to let people know, as President Reagan said, while
the solution is simple, it is not easy. It requires a great deal of
courage.
I am going to start tonight in perhaps an odd way. I am going to ask
you, please, to picture that you are either a Senator or a Congressman
in 1850 in America. In 1850, you would have noted that there was
increasing discussion as the new territories became available, whether
they would be allowed to come into our Nation either as a free State or
a slave State. It created a lot of political tension between the
different Representatives representing different points of view on that
subject.
By 1852, the book ``Uncle Tom's Cabin'' was written. It became a very
popular book, and it tended to further inflame the issue, the great
question of the day. The question was slavery; what would America do
with that question.
By 1857, the Supreme Court, deciding to legislate from the bench,
which has always turned out to be a bad idea and beyond their
constitutional authority, came up with a decision that came from my
State, the State of Missouri. It was called the Dred Scott decision. It
said essentially that black people were not people; they were property.
But beyond that, it also said to the Congress and to the Senate that
they could not make any kinds of deals as to which State would be slave
or free because each State could do whatever they wanted.
And so the stage was set as the tensions grew for Abraham Lincoln to
be elected to be President. And as he was on the train approaching the
capital, leaving Illinois, a number of Southern States seceded from the
Union. And almost as though in slow motion, a great locomotive drove
off the edge of the cliff pulling the train with it, and America was
immersed in a terrible, terrible Civil War. It was a war that was
ultimately to claim 600,000 lives. That is more than all the people who
are Americans who have been killed in all of the rest of the wars we
have fought in our Nation's history. Of course, a statistic like
600,000 may seem to make your eyes glaze over, but then you start to
hear the individual and personal stories of people who were horribly
touched and families that were destroyed by the horror of the war, and
you recall the words of the second inaugural address of Abraham Lincoln
and he talked about the fact that the war had been far, far worse than
anybody had ever imagined was possible.
That great tragedy, that terrible cost that was paid by our Nation,
was a result of a failure of leadership, a failure to deal with a
massive fundamental question that everybody knew was there all through
the 1850s--the question of slavery. And the failure was not just in the
Congress, in the Senate, but it was in the people of the States for
being too disengaged and unwilling to take that question head on.
The parallel today, I think, is a little bit frighteningly similar.
Today, just as there was in 1850, there is a gorilla in our tent, and
that is the problem with the Federal Government spending too much
money. So what I want to do is put that in very simple terms not so
your eyes will glaze over, but so we get some sort of a sense of
balance as to what is going on; because my proposition is that we are
spending too much money, the government is spending too much money, and
it is unsustainable.
Now, this is something that many thoughtful liberals, as well as
conservatives, agree is true. There is disagreement as to what to do
about it. But the numbers are the numbers. There is something about
mathematics that is
[[Page H1502]]
that way. And that is what we are going to talk about: the simple view
of what the numbers are today and why. This is a crisis that we must
address. We cannot ignore the gorilla in the tent. This is something
that all Americans must become aware of and must be participants in
solving the problem.
As we do that, the jobs will return. America will hold her head high
again; and almost, as a ship with a big wave breaking across the deck,
the ship will shake loose the water that threatens to push it to the
bottom and lift its bow in pride and sail further on.
So what I am going to do is just take a look at some stuff that
sometimes politicians talk about in gobbledygook-speak and try to make
it simple.
{time} 1800
We have here a picture of all the things that the Federal Government
is spending money on. It's your old classic pie chart. And I have over
here Social Security, Medicare and Medicaid. You can see that's a
pretty big piece of the chart. These things are called entitlements by
politicians. An entitlement--I'm an unfortunate engineer that ended up
in politics--is sort of like a little machine that's created by law.
The machine might have been created 30 years ago and it's a little bit
like the machine in the bathroom which you put your hand in front of it
and it spits out paper towels, except this machine spits out dollar
bills. The entitlement is like a little machine. It's put on a track
and off it goes spitting out dollar bills. So anybody who qualifies
gets money. These programs--Social Security, Medicare, Medicaid--if you
qualify, you just get money.
There are other entitlements as well. In addition to other
entitlements, there is something that acts an awful lot like an
entitlement and that's the interest on our debt. When we sell a
Treasury bill, the person that bought it expects to be paid interest,
and so the Treasury bill acts like a little machine. It spits out
dollar bills at the appropriate intervals.
The point is that if you add these entitlements here, the other
entitlements, and you take the net interest on our debt and you put
that together, it comes up to $2.2 trillion. What does that mean,
anyway? $2.2 trillion is bigger than I can understand, but we can
compare it to something else, and that is the revenue of the Federal
Government. That is, when everybody in America pays their taxes, the
money comes into Washington, D.C., that's our revenue. The revenue is
$2.2 trillion. So the entitlements and debt service at $2.2 trillion is
the same thing as our revenue.
Well, what's left over to pay for national defense? And what's left
over to pay for the rest of the running of the government? This other
non-defense discretionary would be things like the Congress and the
Senate buildings, would be the Federal prisons, the Federal parks,
Departments of Energy and Commerce and Justice and Education, all those
different things. Those are this non-defense.
In other words, what I'm saying is this. If you zero out defense, so
there's not a soldier left, not a rifle, not a ship, not a plane left
and zero out everything else in the Federal Government, when you zero
those out, you now have a balanced budget. Because entitlements and
debt service are taking every last penny we get in revenue. That is a
serious problem.
I am joined by a very good friend of mine from Louisiana, a man who
is growing in stature and feared, loved and respected, my good friend
Steve Scalise from the great State of Louisiana.
Please join us, Steve.
Mr. SCALISE. I thank my good friend from Missouri. When we talk about
feared and loved, I'm not sure where we fit in, but I do think it's
important----
Mr. AKIN. The feared is because of the people who want to whitewash
what was going on with that big oil spill and the fact that you got on
it and told people the truth; and I respect that. Thank you, sir.
Mr. SCALISE. Thank you.
That's the beauty of the people's House. I think what you're doing,
you hold this weekly town hall forum, as we call it, to talk to the
American people about what really is happening here in the people's
House, in the Congress, and how it affects people all across this
country. Of course, I had three town hall meetings last week when I was
back in my district, when Congress had finished dealing with one part
of this budget problem.
I think when you talk about what's wrong with the spending, how out
of control spending is in Washington, we had taken some action 2 weeks
ago to say it's finally time to start righting the ship. Speaker Pelosi
had the reins of the House of Representatives for 4 years. Of course
during that 4 years that Speaker Pelosi was running the House, we saw
unbridled runaway spending and record deficits, to the point where we
now have a $1.5 trillion deficit.
One thing that she left behind that we're dealing with is the fact
that Speaker Pelosi didn't even bring a budget to the House floor last
year so there was not even a budget, when families across this country
had their own family budgets and families and small businesses are
dealing with their crises and shortfalls by cutting spending.
Mr. AKIN. Let me interrupt for just a second, gentleman, because
you're bringing up a whole lot of additional facts and things. Let me
try and put this in perspective.
In 1974, we came up with a budget act, and every year since 1974,
there was a budget here in this House. You might have liked it, you
might not have liked it, but there was a budget, anyway, for what's
going to go on in terms of Federal spending. Last year, under Speaker
Pelosi, there was just no budget. None. And so what a lot of people see
us dealing with now, and I think you're getting to this point, and that
is the fact that we're doing what you do in the Federal Government when
you don't have a budget and it's called a continuing resolution. I
think maybe you were going down that direction.
I yield to my friend.
Mr. SCALISE. You're exactly right, because when we're talking about
where we are today, it's important to look at how we got into this mess
and the mess that we're trying to clean up, but the fact that
historically last year Speaker Pelosi failed to even bring a budget to
the floor when she was Speaker and so there was no budget that was
passed.
What that means is, like I said, while families are putting together
their own budgets and families and businesses are dealing with the
problems in the economy and shortfalls and they're cutting back and
doing more with less, the Congress didn't even pass a budget. And so
under Speaker Boehner now as we've got this new Republican majority
here, we came up with a plan to fund the government for the rest of the
year, but to fund it in a way that actually started cutting spending. I
think one of the big problems that's been out there for a long time,
things that you and I want to deal with, we want to cut spending and
start putting our country back on a path to a balanced budget.
And so we had this debate 2 weeks ago in the House where we said,
okay, we want to be responsible about funding government, but that
means we've got to start making real cuts. You can't just keep spending
at the rate you're spending with the deficits that go along with it.
We've got to start cutting so that this pie that you showed actually
starts getting addressed and shrunk in a way that the Federal spending
starts getting closer to matching the amount of revenue that's coming
in.
Mr. AKIN. If I could piggy-back in and jump to what you're saying.
A couple of weeks ago, we had basically a budget on the floor of the
House. But the budget, interestingly enough, is what's called the
discretionary side. So the budget was for this green, the defense, and
this--what is that?--tomato soup. Maybe it's Campbell's tomato soup.
This is the non-defense discretionary. So the budget only dealt with
this section and we were making cuts to that section.
What, of course, you have to ask yourself is, how about all this
other stuff? Of course, this wasn't touched.
So proceed, please, because I think it's a good story. People need to
understand what we're working on was the first thing we had to work on
which was the fact there wasn't any budget that we're running on, and
so we're trying to put a budget together for between now and October 1,
if I recall, sir.
[[Page H1503]]
Mr. SCALISE. And so finally, to address the real problem in the
country with this runaway spending, what we said under both Speaker
Boehner and then chairman of Appropriations Committee Hal Rogers is
that we've got to stop the bleeding. We've got to start cutting
spending. And we brought a bill to the floor that allowed for $100
billion in cuts. That's billion with a B. Real cuts to spending at the
Federal level to finally start that process. By no means is this the
finished product, but it was the first start of the process of finally
getting spending under control.
That bill came to the floor. We had a lot of debate. An open process.
Any Member could bring an amendment to that bill. I brought an
amendment to get rid of a bunch of these czars, these czars that are
killing jobs in our country, that are getting paid millions of dollars
to go out there and try to implement radical policies that run jobs to
China and India and other places. That amendment passed. A lot of good
amendments passed to cut spending, but ultimately we set a new tone. We
said, number one, we're going to put our money where our mouth is. We
promised that if we get the reins of power in the House, that we would
actually really start cutting spending. So we cut $100 billion. We sent
that to the Senate. And we're almost at 2 weeks past the point where we
sent that bill over to the Senate. They still haven't had one ounce,
one minute, of hearings or debate on our bill that we sent to them to
cut $100 billion in spending.
Mr. AKIN. Why do you think it was that they didn't want to take a
look at the bill? They could have brought a bill up the same way. They
could have gone through it and said, Well, we don't think they should
have cut this much. They should have done this or this or this. They
could have made changes on it and gone back and forth, and then we
would have a budget for between now and October 1 and we could get on
with what should be done this year instead of what should have been
done last fall, or actually last year before the fall.
Proceed, please.
Mr. SCALISE. I think it became very clear very quickly just what is
at stake here. There was a battle line that was drawn. In fact, as we
were debating that bill to cut $100 billion and, as I said, with a $1.5
trillion deficit this year, $100 billion is just a start. Well,
President Obama comes out and actually starts criticizing us for
cutting $100 billion. He said $100 billion is too much. Senate majority
leader, Harry Reid, said $100 billion is too much to cut. Again, we're
saying $100 billion is just the beginning. We've got to cut more than
$100 billion. And so you quickly saw a divide. There is a divide right
now in Washington. I don't think there's a divide in this country. I
think most people, people I talk to when I go back home to south
Louisiana, my colleagues that I talk to that are going back home and
having town hall meetings, meeting with their constituents, families
and small businesses are saying, it's about time that we're finally
seeing real cuts coming out of Washington, but yet the President and
the Senate leader that were saying $100 billion is too much to cut. And
so we've sent them $100 billion, but what's at stake here, it's not
just getting spending under control, it's getting jobs created again in
America.
{time} 1810
One of the reasons we are seeing such stagnant job growth in this
country is due to the uncertainty that is created by the runaway
spending. These are interlinked issues--the spending problem in
Washington and the problem with the slow economic recovery--because
people are afraid to create jobs. Our job creators are under attack by
Federal bureaucrats, who are bringing out all these regulations every
single day to kill jobs.
We are seeing in my home State, in south Louisiana, where the
administration doesn't even want to explore for energy in America.
They've only issued one permit in 10 months to drill. In fact, now
we're looking at the Middle East. We're putting more dependence in this
country on Middle Eastern oil, under the Obama administration, at a
time when the Middle East has never been in more disarray, which is why
people are seeing over $3.20 or so a gallon at the pump. It's because
of the President's own policies. This is killing jobs. It's not only
running more jobs overseas, but it's also raising the prices of energy
and gasoline for families.
Mr. AKIN. You're getting this down to the place where we really need
to be talking this evening, and that's about jobs, because Americans
are wanting to know: Hey, where are the jobs? So let's take this thing
straight head on.
The fact of the matter is, first of all, if you allow this monkey
business to go on here, this is just silly. There is no way you can
excuse kicking the can down the street and ignoring this huge problem,
and this huge problem really is connected to jobs. Specifically, there
are things you do to kill jobs. We had a forum back in my district of
St. Charles, Missouri. We had a whole bunch of businessmen come in, and
we asked them: What do you have to do to create jobs, and what do you
have to do to kill jobs? The thing that you do to kill jobs is exactly
what we're doing.
So what are those things?
First of all, we're going to tax the owners of businesses--that's the
first thing--because if you tax the owners of businesses, they can't
expand their businesses, and they can't invest in their businesses, so
the businesses just sit there. In fact, as you tax them more, they take
money out of the businesses to pay the taxes, and they start laying
people off because they can't run their businesses. So the first thing
is: If you want to kill jobs, raise the taxes on the people who own
businesses.
The second thing you do is bury the business in redtape. Now, we've
got an EPA that feels like they can run redtape without Congress even
passing a bill, so they're going to try and pass cap-and-tax and all
these kinds of ridiculous regulations that cost a whole lot of money.
It's not like a tax, but it ends up costing people business.
One of those very interesting actions on the part of the EPA, just to
illustrate redtape, is the idea of requiring cleanup in case you spill
milk. Usually, on farms, the cats lick up the milk.
We have with us a genuine hero in the U.S. Congress, Congresswoman
Black from Tennessee, who won a coveted award just earlier this day.
It's the Golden Turkey Award. It's for the silliest, dumbest regulation
that you could find. Now, I know the competition is going to be fierce
in this category, but Congresswoman Black won it by plenty of extra as
she got her award. We're going to recognize her tonight for this award
that she got, which ties right into our subject of jobs, and that is:
If you want to kill jobs, raise taxes on business owners, and bury them
in redtape.
Congresswoman Black from Tennessee.
Mrs. BLACK. Thank you. I am so honored to unveil this new initiative
from our Republican Study Committee.
This right here is the Golden Turkey Award. Each month, the RSC will
be bestowing this dubious award to highlight the most absurd, the most
ridiculous and obscure regulation that taxpayers foot the bill to
enforce and have to live by. This month's Golden Turkey Award goes to a
regulation that I have been talking about in my district and here also
in Congress for the past month. The March 2011 Golden Turkey Award goes
to the Environmental Protection Agency.
Mr. AKIN. The EPA.
Mrs. BLACK. The EPA. The EPA recently discovered that milk contains
fat. Can you believe that? It's also considered an oil. So what did the
EPA do? It decided to regulate milk spills.
Well, the EPA is currently developing a rule that will subject dairy
farmers to the Spill Prevention, Control, and Countermeasure Program--
that's sort of a long name--which was created for oil contamination in
waterways, and now they're applying it to dairy farmers. So, when
Nellie kicks over the bucket, our farmers will have to build berms
around the area where they milk. They will have to have an emergency
responder's plan so, in case milk is spilled, all of their employees
will be trained in the containment of this spilled milk.
Mr. AKIN. Now, if you had some cats around in a cage and could open
the cage, do you think that would work or do you think the EPA is going
to want something more expensive than that?
Mrs. BLACK. That's an excellent question because, when I talked to
the dairy farmers back in my district and when I told them about this
great idea the EPA has for them, one of my farmers told me he already
has this plan in
[[Page H1504]]
place. When asked, he said he has a barn with about 15 stray cats, and
he's going to open the doors and yell, ``Here, kitty, kitty,'' and that
will take care of the emergency spill.
Mr. AKIN. How many millions of dollars do you think it's going to
take to get this tremendous hazard of spilled milk under control? I'm
glad that our Federal Government is really dealing with tough issues
like this.
Mrs. BLACK. It's good that you asked, because the rule requires that
these emergency protocols be in place by November 10 of this year. The
U.S. Department of Agriculture has already initiated a $3 million pilot
program through the Natural Resources Conservation Service to help the
farmers and the ranchers comply with the on-farm oil spill regulation.
So already we see $3 million that's going to be wasted in just getting
the farmers up to speed on how they have to do these plans.
When I was in my district last week and spoke to people about this,
they were absolutely speechless. It has been told to me by many of the
businesses in my district that what they really want is just for the
government to get out of their way, to let them do their jobs, to stop
overtaxing them, and to stop overregulating them so that they can
actually grow their businesses. They have the capital to do so, and if
we would just leave them alone, they could grow their businesses.
So that's why the inaugural Golden Turkey Award is being presented to
the EPA and to its proposed overregulation of dairy farmers with
spilled milk. I am going to work as hard as I possibly can to make sure
that this does not get initiated and that our farmers will be freed
from this onerous regulation.
Mr. AKIN. I have to wonder, particularly of the people out in my
State of Missouri, what they'll be thinking when they find out that $3
million of their money is being used to come up with a program to take
care of spilled milk.
I don't know how you found this treasure out. I heard there was
another one that was similar. I think it was an EPA requirement that
you couldn't have rogue dust. So, if you're a farmer, you can't farm
with rogue dust, which is dust that comes off your property and goes
over onto somebody else's property.
It makes me think that whoever is writing these regulations lives in
one of these office buildings downtown here. If there happens to be
anybody who is working on the rogue dust program, I'm sure that's
another $3 million wonder--or maybe worse--just to go out on a combine
in the good old State of Missouri and just run down a couple of rows of
corn and see what happens when that old, dusty corn hits the combine
and how they're supposed to keep all that dust right over their own
properties. So that's another one of these examples.
I think Ronald Reagan talked about the fact that we're buying too
much government, and that's what we've been doing these last number of
months.
The point of the matter is, when you start cutting a lot of this
government trash, you're going to create jobs in a couple of ways. The
first thing is: You don't put us in debt so much, but you start cutting
that redtape, which is overhead that our businesspeople have; and if
they're not having to pay for all that overhead, they can hire people
and get the economy going.
Hats off to Congresswoman Black from Tennessee for winning this
prestigious Golden Turkey Award. Actually, I suppose the one who
technically won it was the EPA; is that right?
Mrs. BLACK. That's right. The EPA has won.
Mr. AKIN. Isn't there actually like a bowling trophy with a big
golden turkey on the top of it or something?
Mrs. BLACK. You're so right, and it's proudly displayed on my desk.
It is a trophy that stands about 12-inches high, and it is golden and
has a golden turkey on the top of it. I'm challenging all of my
colleagues to find places that we're having overregulation, killing our
businesses, stifling the growth of our economy, and stifling job
growth.
Mr. AKIN. Who says we can't have fun in cutting the wasteful spending
out of the government and at least do it with a little twinkle in our
eyes?
It is noteworthy that a freshman Congresswoman could walk away with
this kind of a prize. Certainly, there will be competition to have that
Golden Turkey passed around.
{time} 1820
I appreciate you joining us tonight.
We have some other distinguished guests. My good friend, Congressman
Walberg, I'm going to ask if you'd like to join us. We're talking a
little bit, first of all, a big picture about how much money there is
in the entitlements, the trouble with trying to balance a budget. And
also we've talked about jobs and how much jobs relate to a government
that's out of control, has forgotten they're supposed to be servants
and are just running mad, making redtape, which again is excess
overhead for the businesses and kills jobs. But please join us with
your unique perspective.
Mr. WALBERG. Well, I appreciate my colleague from Missouri. I
appreciate you holding this time this evening as we can talk about
those things that impact our whole way of life in the United States.
We, I'm sure, understand here on the floor this evening the impact of
what our Framers and Founders had in mind of a limited government, a
government that believed very clearly that free people, with the
opportunity to be creative and use the resources that they have, could
indeed make a life that was filled with happiness in their pursuit that
involved property and all that went with it.
As the subcommittee chairman for Workforce Protection, I had the
opportunity to look at some things that are coming up right now that
are being proposed as workplace safety standards. And this goes into
cost issues that are huge regulatory costs, but also costs that
ultimately reduce jobs and opportunity. One such regulatory issue is
related to the noise regulation being proposed by OSHA. Now fortunately
that has been pulled for the time being. It was pulled a couple days
after we introduced the fact that we're going to hold hearings on it,
continue to hold hearings. We found out in the process that noise
standards--and all of us here would say that a worker ought to be safe,
reasonably speaking, in their workplace.
I worked at U.S. Steel South Works shortly after high school, worked
in the furnace division. I worked on a mole platform. I worked in a
hooker shaft, which was lifting and holding pig iron and a number of
other things. And I had reasonable expectation to be safe, including
using hearing protection that involved either earmuffs or earplugs.
What this new standard would have required would not have been simply
putting earplugs into employees that would meet the standard, or
earmuffs, but would require businesses to purchase machines that
weren't only guarded or shrouded safely for hearing protection, but
machines that would be reduced in the noise standard to a point that,
as we looked at it more carefully, most likely weren't even machines
made yet. They hadn't been produced. So we're talking about businesses
that want to employ people that increase the economy--because you and I
both know that the economy is produced in the private sector, not in
the public sector, that the private sector entrepreneur, the taker of
risk, produces an idea, comes up with it, ultimately hires employees to
carry out the job, and then we put reasonable regulations to make sure
that those employees are safe, that the hearing is protected as well.
But we don't say to the employer you must buy a machine that isn't even
produced yet, that isn't made yet in order to protect--
Mr. AKIN. You know, I really appreciate your example. And that's the
trouble with these things. It's not that maybe there shouldn't be some
workplace safety rules, but these things have just gone beyond the
realm of what even makes sense.
I have even greater respect for you now. I also worked in a steel
mill. And the noisy place at our steel mill was the pipe shop where
they're loading the pipe. And you take a whole big bundle of pipe and
drop it or hit it against something, and boy does it make a racket. So
they always had ear protection and things in the pipe mill there. And
certainly businesses know that that's necessary to do that. But when
you start loading that kind of extreme redtape and regulations on a
business, the business has to use their money to pay for all that, and
they can't hire employees. So taxes, redtape, those are job killers.
[[Page H1505]]
As I recall, I think there was a gentleman last week that shared,
somebody that had a drycleaning facility, and they found something like
a spoonful of some water underneath a concrete slab that had a small
amount of cleaning fluid--I guess carbon tetrachloride--in the water or
something. They had to do like a $60,000 remediation, which for a
simple dry cleaner just about took every penny that the owners had out
of their bank, because of one teaspoonful of some water that had a
little bit of the cleaning fluid they use on people's clothes. And
that's what we're talking about. This is just bizarre kinds of stuff.
We have Dr. Boustany from Louisiana here, and I think he was going to
share with us for a minute. And Congressman Walberg, we'll come back to
you. Congressman Walberg is from Michigan and a great Member of the
caucus. And doctor, please.
Mr. BOUSTANY. I thank my friend from Missouri for giving me time to
speak here.
As we talk about American competitiveness and growing jobs, private
sector jobs in this country, coming off the heels of this recession
where we still have high unemployment, there are two aspects to it: One
is cutting back on government spending, as you've already suggested
with the pie chart you have there. We have to get our debt under
control. This is imperative because it's going to strangle private
investment in the form of higher taxes on the American people.
But the other side of this is the growth side of the equation,
stimulating economic growth. And if you look at how to do that, we want
economic growth in the private sector which will help spur job growth.
The way we have to do that is we have to look at an energy strategy for
the United States because so much of what we do depends on cheap,
affordable energy to fuel our plants, our factories, transportation,
you name it. So it's critical that we have an energy strategy for the
country, which we don't have, and we never have had one. In fact,
what you're seeing now, instead of the lack of an energy strategy,
we're actually seeing energy proposals that are detrimental to the
country that are being proposed by this administration. Let me list
what's going on.
First of all, the moratorium on drilling for American energy in the
Gulf of Mexico has been in place since May. This is killing jobs back
home in Louisiana, along the gulf coast, but it's also hurting our
energy security in this country. As we lose these jobs--these are
highly skilled workers, as they leave this industry and go find other
jobs and move, you cannot turn that light switch back on and get that
kind of skill back on these platforms. That's number one.
Mr. AKIN. Now wait just a minute. Just on the surface of what you're
saying, if somebody were really to listen to what you're saying, it
sounds like insanity. Because here's what my thinking would be: You're
saying that we've got all this unrest in the Middle East, which
threatens the oil production there, which increases the cost of Middle
Eastern oil. So we pay even more to countries that don't like us and
use the money for advancing terrorist kinds of causes----
Mr. BOUSTANY. That's exactly right.
Mr. AKIN. And we have oil right under our feet and we're saying no,
you can't drill for that stuff. And gasoline is $3-something a gallon,
and we're not even drilling for the silly oil that we've got.
Now let me add one thing that gets me even more fired up, and that
is, you go north, north of Louisiana where it's cold--we're talking out
in the ocean outside Alaska. You've got foreign countries that are
drilling on what is basically our coastal plain and they're drilling
for oil. And here we are paying $3-something, and we're not drilling
for any of this stuff. I mean, isn't this weird?
Mr. BOUSTANY. We have basically shut down our production in the Gulf
of Mexico, and it's a boneheaded policy to do that. But not only that,
the administration in its budget proposal is now proposing nearly $50
billion in new taxes on small, independent oil- and gas-producing
companies. Now that's going to put a lot of these guys out of business;
they can't cash flow. And they do a lot of the work on the Continental
Shelf in shallow water areas, and also our onshore production in oil
and gas. And there's a distinction between oil and gas----
Mr. AKIN. So here we are again. Because I started just a little while
ago, we talked about if you want to kill jobs, first of all tax small
businesses, tax them so much they can't run their business, or at least
chase people out of them so there goes the jobs. The second thing you
do is bury them in redtape. Now we're coming back to what you're
saying--the very people we should want to be working and drilling for
oil for us, we're going to tax them out of existence. Isn't that
ridiculous?
Mr. BOUSTANY. It's ridiculous. And these taxes are indiscriminate;
they hit oil companies, those drilling for oil, but also natural gas.
{time} 1830
And there are many--even our friends on the other side of the aisle
will admit that natural gas usage is a very important transition
strategy as we look at our energy needs going into the future whether
for transportation fuel, electricity generation. Those taxes proposed
by the administration will put a lot of these gas companies out of
business. And keep in mind, 97 percent of the natural gas used in this
country is produced here in this country by these small companies.
A given rig will employ 65 people on one rig. So, if a company that
has--let's say they have to cut back 50 rigs. Do the math. You're
talking 3,000-plus jobs.
Mr. AKIN. The very jobs that we should be encouraging because we're
so dependent on foreign oil.
Mr. BOUSTANY. These are private-sector jobs. They're good-paying
jobs, and they help promote U.S. energy security. It's critical.
So what we have is an administration that is proposing policies
counter to what American interests are with regard to our energy
security, and I would submit to you it hurts our national security as
well.
And I'm really worried about the situation in the country of Oman,
for instance. It's right across the Strait of Hormuz from Iran. That
strait is very narrow. Forty percent of the world's oil crosses through
that strait, and if it were to shut down because of unrest in Oman and
Iranian mischief, we would see oil prices spike up to $400 a barrel,
and we'll pay a lot at the pump.
It will hurt our farmers. Rice farmers back home are trying to export
rice and grow rice for domestic consumption. It will hurt our chemical
manufacturing.
And speaking of the natural gas piece----
Mr. AKIN. Maybe I could just stop. I want to hit you with a ``gee-
whiz'' statistic because I'm kind of an old geezer. I've been here for
a while, and I've watched voting patterns, and here's something that
might be interesting to you. And I tell this to some of my constituents
back home.
If I were to say that the Republicans and Democrats in the House are
divided on the abortion issue, people would go, Well, no big surprise.
What I think's interesting is if you look back over the years, at least
the 10 years I've been here, the two parties are more divided on
developing American energy than they are on the abortion subject. And I
find that just amazing to me because it seems so obvious that we're
still using gasoline in cars. Until we get away from that, we need to
be trying to produce our own gasoline.
We have very large reserves of oil that we could be drilling. And my
understanding is on many, many of those locations where we could drill
and hope to find oil, there are environmental lawsuits blocking
drilling in all of these different locations where we could legally
drill--not mentioning ANWR, which is off bounds to us right now--and
now the regulations in the gulf which, again, I don't have any problem
with people wanting to say, hey, we need to see what went wrong with
the oil spill. How do we make sure that we get a very deep high-
pressure situation, that we've got the proper devices to stop that up
if we need to. But just to basically shut down and then tax everybody,
this is just bizarre.
Mr. BOUSTANY. Well, it is bizarre.
And again, Americans want to compete. And we know, if given the
opportunity to compete, we can win in the global economy. And we've got
to have
[[Page H1506]]
energy production in this country to allow our companies to compete.
Now, let me point out something. One of the biggest areas of exports
for the United States is chemicals, petrochemicals and other chemicals,
fertilizer, that are produced here, manufactured here in the United
States.
Mr. AKIN. Manufactured with?
Mr. BOUSTANY. Natural gas and petroleum products.
And if you shut down our natural gas production, then our companies,
which have a price--on a basis of price, we can compete because we have
cheap natural gas here in this country compared to around the world.
Our companies are competitive.
Mr. AKIN. Now, you haven't even mentioned the massive new supplies of
natural gas they're finding, particularly under Pennsylvania. That's an
incredible find.
Mr. BOUSTANY. Yes.
We know we have the world's largest reserves in coal. We have
potentially the largest reserves in the world in natural gas here in
the United States. And some argue that the estimates of oil are vastly
underestimated because of two things: one, the shale oil that's
available that currently is off limits because of administration policy
and environmental policies; and, secondly, on the east coast and west
coast, Outer Continental Shelf area, we don't have accurate seismic
information. So when they say we only have 3 percent of the world's
reserves, that's an inaccurate figure. That's not been thoroughly
looked at with modern seismic activity.
But our companies that manufacture these chemicals and fertilizer
have a competitive advantage because of the low price of natural gas in
this country. If we tax it, as this administration is proposing, it
will actually make us less competitive. Our exports will go down, and
it will be counter to what the President wants to do by expanding
exports. It makes no sense whatsoever.
Mr. AKIN. Well, I think what you're getting into, Doctor, is
something that I wanted to talk to a little bit tonight. And that is
the assumption that you can just go taxing and taxing and always talk
about the rich guy and, oh, we're going to talk about the rich guy and
think you can get away with that without consequences.
Because it seems to me that there is a disconnect with the current
administration and the Democrats as well policywise because they talk
about the fact they want jobs, but then they destroy the companies that
create the jobs. And you can't kill the company if you want jobs
because the company is the one that hires people. And they seem to miss
that connection there.
I'd like to go back to my good friend from Michigan--I had to check
to make sure, Congressman Walberg--and I wanted to give you a chance to
jump in to our discussion.
But I'd like to start going--talk a little bit in the direction about
taxes, what happens with taxes and how it is that we can deal with some
of the tough problems budgetwise here, and at least one piece of that
is the proper tax policy.
Mr. WALBERG. I appreciate my good friend from Missouri again holding
this conversation tonight.
And I think you're leading into the key point here. Because bottom
line, when you talk about entitlement spending, those entitlement
programs that we've come to expect in the United States, whether it be
Medicaid, Medicare, Social Security--and most of us, at least in this
room tonight, have paid into Social Security a long time.
Mr. AKIN. Now, let's not get personal about age here now.
Mr. WALBERG. It's not a voluntary tax. And in just a couple of short
years, I will be capable of receiving that myself. I've not had a
choice to do that.
And yet the only way that we can see those entitlement programs
continue, at least if we did it right, is have an economy that's
growing, have people that are employed, that are paying into the
entitlement programs, the taxes that are there. Even if we don't talk
about any alternative way for younger employees coming down the road in
the future, we still have to have the ability to put dollars in. That
comes from having a job.
So when we go back to what Dr. Boustany was talking about on the
issue of energy, when we talk about the regulatory concerns that I
expressed that are destroying jobs, I go back to my own home State of
Michigan, my own district, Seventh District. Michigan, who led the
Nation for 4 straight years on unemployment. A State that was known for
its manufacturing, its auto industry, always having jobs, high standard
of living.
And yet, as a result of government growing too large, too strong, too
intrusive, and spending too much and taxing too much, we've destroyed
the economy in Michigan. And now the new administration comes in and
has to go through almost insurmountable odds to try to restore an
economy that has jobs so they can pay in to this.
Mr. AKIN. Let me just ask you whether this gets under your skin,
because I'm on the Budget Committee. But I hear all the time that my
Democrat colleagues are saying the recovery is fragile; therefore,
don't you go cutting any of this government spending. And I'm just
thinking, wow. I totally don't see it that way at all.
When you have a government that's busy spending money trying to
regulate a milk spill in a barn, you have a government that's wanting
to talk about rogue dust that comes off of a farm when you're basically
running a combine through a row of corn, and you've got a government
with duplication after duplication--and we're talking about let's cut
just some of the edge of this stuff--and they're saying, careful, don't
destroy a fragile economy, hey, the economy is fragile because they're
doing everything wrong to it.
Mr. WALBERG. Everything wrong. Everything to destroy it.
Mr. AKIN. And the main thing that's wrong is, as Ronald Reagan said,
we're buying too much government.
Mr. WALBERG. Right.
Mr. AKIN. Please, go ahead.
Mr. WALBERG. I assumed I would get you into a rant on that because I
know you're passionate about that. It's absolutely true.
I can show you from experience in Michigan as we went through this
type of downturn back in the 1980s: too-large government, increased
taxation, increased spending for all sorts of programs.
{time} 1840
We ran businesses out of the State. We turned that around in the
nineties, and we cut taxes 26 times. We right-sized government. We put
Workfare and Edufare in in place of welfare. We encouraged businesses
to thrive and grow. What happened? By reducing taxes, cutting spending,
the economy grew. More revenue came in, and then government had to
control itself from spending those revenues from less taxes, but still
increased revenue because people were working, they were spending, they
were saving, they were investing, they were taking care of themselves.
Lo and behold, the American people with their own intellect, their
own intelligence, their own creativity began to grow an economy that
made things right for themselves. And then they had choice. They had
opportunity. They could be creative. They could build new machines.
They could build machines that met the noise standards that were
presently available, as opposed to saying we're going to create jobs by
saying you can't have this noise standard here and you can't take care
of it with an ear plug or an ear muff; you are going to have to produce
a machine that isn't there. So look what we're doing.
And my good colleague, I have a letter from OSHA that says that was
part of an economic development plan, to encourage the development of
new machines that would meet these noise standards so that then you
would have new jobs. Well, wait a second. The people that would produce
those, and more importantly the people that would buy those machines,
could not do that because they couldn't afford it. So here's Big
Government again with its own ideas that ultimately destroys an
economy.
Mr. AKIN. Let's take a look at you just talked about an example from
the great State of Michigan. And just hearing you talk about it just
made me feel good. It's America on the move again. It's individual
citizens taking risks, going out there working hard, making a good
living; and then because of the things they've done, other people get
better jobs and they make a better living, and everybody does better.
[[Page H1507]]
I mean, you cannot ignore the fact that the standard of living that
we enjoy in America is because a whole lot of people could be free,
free to succeed or free to fail.
Mr. WALBERG. Right.
Mr. AKIN. But it's called free enterprise. Now, let me give you
another example that occurred when I was a Congressman here, and I
think the beginning of when you were, and that was that the second
Bush, G.W. Bush, copied the example of JFK and Ronald Reagan. And both
of those Presidents understood that when the government cuts taxes in
the right way, it actually gets the economy going. In fact, what
happens when you cut taxes the right way, the government actually gets
more revenue.
Now, that sounds weird. Let me just try and explain. I have done this
a couple times before, but tell me if you think it makes sense. How is
it that the government can cut taxes and get more revenue in? Well,
think about it. Let's say you're king for a whole year. And the only
thing you can tax is a loaf of bread, and so you start thinking if I
put a penny tax on that loaf of bread, I can figure out how much bread
people are eating and figure out how much to get for tax revenue. Then
you think, hey, how about I put $10 tax on every loaf of bread. Then
you think maybe people wouldn't buy any bread. So you start to think
there is probably an optimum point where you can put some tax on the
bread, people will still be eating bread, but you will get your most
revenue. That's what goes on.
Here is an example. May of 2003, were you here then, Congressman?
Mr. WALBERG. I was not.
Mr. AKIN. Okay. You were thinking about it, though, perhaps.
Mr. WALBERG. I was thinking about it.
Mr. AKIN. Good for you. Anyway, May of 2003 we cut three taxes, not
popular, because everybody, oh, the Democrats, that's all rich-guy
stuff. It was capital gains, dividends, and death tax. Now, I don't
know if you're a rich guy if you're dead, but anyway we're going to tax
death. We tax everything else, so why not that.
So we cut capital gains, dividends, and death taxes at this time
right here. Now, I have got three charts that show what happened. This
is job creation before and after the tax relief. This is some of the
taxes we extended into this year. Okay. The lines that go down are job
loss by month and the lines that go up are job gain.
And so what you have right here is that's the tax relief goes into
effect. And take a look at the jobs, the more lines coming up over
here. I mean, that's really pretty substantial and pretty interesting,
whereas these you are losing. So this tax appears to have had a good
effect. Let's check it on not just job creation, let's check it
against----
Mr. WALBERG. You meant the tax cuts, the tax relief.
Mr. AKIN. The tax cuts, yeah.
Mr. WALBERG. It gave incentive.
Mr. AKIN. So the tax cuts go into effect same place here, this line,
this is the GDP, this is actually losing GDP or gaining; you can see
the average here is about 1.1 percent; but after those tax cuts, it
jumps to 3.5. You can see these are a lot stronger economy. So the
economy seems to do better when you allow business people to take the
money, put it in their business, create jobs. There is more people
working, more tax revenue comes in.
Well, wait a minute. You cut taxes, that means your revenue's going
to go down? Well, let's see what happened to revenue. Here's the story.
Here's the tax cut right here. The revenue has been going down. They
cut the taxes, and 4 straight years of increase in revenue. So what's
happening there is that actually if you do the right kind of tax cut,
just as you say you get the free enterprise system working, and you can
turn the economy around. JFK understood that. He did it. It worked for
him. Ronald Reagan did it. They said, oh, trickle down economics and
all this kind of stuff, but it worked.
In fact, here is another chart. This is the tax rate on the most
wealthy people. This is this red line. It started at 90 percent; it's
come down. You notice as the tax on the wealthy people comes down, the
amount of Federal revenues goes up. Now, that's weird. Why would that
be? It's the same principle. You can overtax and basically run the
economy into the dirt.
Mr. WALBERG. Isn't it the simple principle that what you give
incentive you get more of, and what you discourage you get less of?
Mr. AKIN. Yeah, you are absolutely right.
Mr. WALBERG. You give incentive to people to use their own resources
with American exceptionalism and let the market forces work, everybody
benefits.
Mr. AKIN. And we started out tonight talking about the overall fiscal
problem we have in America, and the fact that it's really unique. This
is a pretty scary situation that America's in. And the solution, as
Ronald Reagan said, the solution is simple, but it's not easy. And the
solution really comes in two sides. The first is we have to be cutting
all of what the government is spending. We have to do some cuts. But on
the other hand, what we have to do is to selectively do the tax cuts to
allow the economy to really get back in a strong recovery.
The one thing I agree with that the Democrats are saying is that the
recovery is fragile. I think they picked that up from Bernanke, the
Secretary. But I think it is. I think it's fragile because of the fact
we've still got the problem of excessive taxes, excessive red tape, and
a whole lot of uncertainty in the markets.
Mr. WALBERG. And a lot of spending.
Mr. AKIN. If we can do those, that's going to help. So the first
thing is we've got to cut taxes, but we tremendously have to cut the
overhead. And the thing here, and I think the public is becoming aware
of this fact, we can't make it by cutting defense and non-defense
discretionary. That was the budget we were doing 2 weeks ago on the
floor. We cut $100 billion out of that. If you know what the real
problem is, as we talked about earlier, the total of these entitlements
plus debt service is $2.2 trillion. The Federal revenue is $2.2
trillion. You can zero this and this out, and you just barely have a
balanced budget; and that's not talking about the out-years, when it
gets worse.
So these areas must be dealt with. Now, supposedly if you talk about
changing anything with Social Security, Medicare, or Medicaid,
lightning will fall and you'll be struck dead politically. But the fact
of the matter is we must deal with these. How we deal with them is one
of those things that we need to have a conversation on it.
But to do what the President did and submit the 2012 budget and not
deal with these at all is being disingenuous. It's kicking the can down
the road and ignoring this massive problem, which is a little bit like
that gorilla in the tent.
I started, my dear friend from Michigan, I started by talking about--
and it's sort of sometimes I think about this: What would it be like to
be in the year 1850 and be a Congressman or Senator and you have this
huge issue of slavery and we didn't deal with it? We just ignored it,
and then we got slammed by the Civil War.
And my question is, are we as Americans going to deal with the fact
that our entitlements and debt service is using up the entire revenue
of the country? I mean, that's not just a little bit of a budget
problem; that says we have a fiscal crisis on our hands and we're
responsible. And our American citizens that elected us here expect us
to deal with this problem. And the first way to deal with it is to at
least acknowledge that we got the problem.
Mr. WALBERG. And I believe that more and more people, even those that
are using the entitlements, the Social Security, Medicare, understand
that and are growing in their fear that unless we do something, they
indeed will be hurt. But I think that you and I together, and many who
are of like mind, understand that we must do something, but we can do
something that's better.
{time} 1850
We can do something that assures people that they will have what they
expect.
Mr. AKIN. That's exactly the point.
Mr. WALBERG. And we can do it the right way without the Big
Government issues and getting down to that American exceptionalism that
says we can trust people to do for themselves, if given the incentive
and opportunity, better than what Big Government can do.
[[Page H1508]]
Mr. AKIN. You see the point of the matter is is there are people who
are dependent upon these programs, older people. They are going to be
in trouble if the wheels fall off this thing. So what we need to do is
craft a solution that allows the older people that are on these
programs to stay there, and as people become younger, give them
alternatives and to have a transition so that you can get these costs
under control.
That is the way to manage a solution. Everybody has got to suffer a
little bit. But at least we are not allowing the whole thing literally
to crash like some sort of a train off the edge of a cliff.
Mr. WALBERG. Well, I think, not necessarily the suffering idea, I
think in doing something that's credible and the right thing to do, it
gives people optimism that the answer is here. It will take some tough
decisions but ultimately the people who are in need will be taken care
of.
The other people with the great creativity, the American
exceptionalism that's there will find ways to do it and do it better,
and ultimately a greater opportunity for the future, and that's
optimism.
Mr. AKIN. You know, and I think that is a thing that's so exciting,
because I don't think you are being a Pollyanna by saying what you just
said.
Mr. WALBERG. Not at all.
Mr. AKIN. The reason I say that is because we have been through, as
Americans, a lot of dicey situations.
Our own parents, known as the Greatest Generation, as they would say
it, did their bit. My father was with Patton in Europe, and they fought
World War II. And then there were the days when Ronald Reagan came to a
discouraged Nation, and he said America's got brighter days ahead. With
that twinkle in his eye, and he had such a way of putting it, you know
the solution is simple but it's not easy.
We have come to another one of those pivotal times in history where
it is our responsibility to deal with a massive problem and not to
ignore and try to pretend it doesn't exist and just try to lie to
people and let the government run a little longer until we are gone,
and then everything comes down in a big heap. That's not what the
American public wanted of their leadership.
As long as you and I are kicking, my friend, we are going to stay
here. We are going to talk about this. We are going to talk about the
great days ahead for America and some of the things that could possibly
be.
You know, we take a look at some of these medical costs. They are
really, really busting the budget. Maybe one of the things we need to
do is to say, hey--I think it was 1950, somebody calculated the cost of
polio that had cost us a trillion dollars a year in America today, the
polio costs.
They forgot something. We figured out a cure for polio. Maybe it's
time for us to target the most expensive diseases, things like diabetes
or Alzheimer's, things that are very, very big-ticket items. Maybe
that's part of that American exceptionalism to leave the world a better
place, to leave our kids freer, not taxed into the dirt, to leave our
economy the strongest of any in the world, that America could be a
shining city on the hill, a light to the people around the world.
That was the vision of our forefathers. Why don't we grab ahold of
that have and say, hey, we have got way too much government that we
could afford. Let's turn loose the American people and let's not trust
so much in government. I think that's the big question coming up. Do we
really want more government, more taxes, more spending, more debt, and
less freedom, or do we want more freedom and a whole lot less
government, and the government that's there to really be a servant to
the people and not have the attitude that they know better than
everybody else. Don't you think that's where we are?
Mr. WALBERG. And I think the people spoke in November. I think that
speech they gave to us, my good friend, is that we must take this
opportunity. This is our point in time. This is our date with destiny,
as it were. If we back off from tackling the big things, we will not
only lose there, but all of those little special things will be taken
away as well.
Mr. AKIN. Congressman Walberg, with you and the other great people at
work down here and the American public, I believe we can do it. It's
time for us to roll up our sleeves. Let's get busy cutting, let's do
things the right way. Design programs that work and not threaten
people, and let's move forward, because there are brighter days ahead.
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