[Congressional Record Volume 157, Number 107 (Monday, July 18, 2011)]
[House]
[Pages H5141-H5147]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CONGRESSIONAL BLACK CAUCUS
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 5, 2011, the gentlewoman from the Virgin Islands (Mrs.
Christensen) is recognized for 60 minutes as the designee of the
minority leader.
Mrs. CHRISTENSEN. Madam Speaker, I am pleased to be here this evening
once again with my Congressional Black Caucus colleagues to talk about
the need for jobs, jobs, and more jobs, and how we ought to be dealing
with the debt limit and our debt crisis. Let me begin with jobs. That's
not a new topic for the Congressional Black Caucus, because our
communities unfortunately have a long-term and intractable history of
unemployment.
Every year that I have been here, and I'm sure for the 40 years of
our existence, job creation has been a priority, and that includes
summer jobs for our young people, something we still have not been able
to get the Congress to recognize and fund as critical to the well-being
of our young people and our communities. In this Congress alone, CBC
members have introduced more than 30 job-creating pieces of
legislation, and we've cosponsored many, many more introduced by our
Democratic colleague.
Need I remind you that the Republican leadership has still, today,
done nothing to create one job. Meanwhile, unemployment remains a
crisis in our country, and in the African American community it's a
catastrophe.
And where is the patriotism of our corporations who are sitting on
billions of dollars and still not hiring? I would say that if there is
uncertainty in that sector, the corporate sector, welcome to the club.
As the gentleman from Arizona said, lack of confidence. But the cause
of this lack of confidence in the corporate sector, in the banking
sector and on Wall Street has got to do more with the gridlock, I
think, that's caused by the Republican leadership who won't even
consider the balanced approach that the President is asking us to take.
And all this time the rest of the world is looking at us, watching this
sorry mess that we're calling governing. I can't imagine that our
allies in those countries around the world that look to us for
leadership have much confidence in us either right now.
I am pleased to be joined this evening, Madam Speaker, by several of
my colleagues, but I'd like to begin first to yield such time as he
might consume to a reverend, to the former mayor of Kansas City, now
our distinguished leader of the Congressional Black Caucus, Congressman
Emanuel Cleaver.
{time} 2020
Mr. CLEAVER. Madam Speaker, let me first of all express appreciation
to Congresswoman Donna Christensen, Dr. Donna Christensen, for how she
has put forth boundless energy making sure that we keep this issue of
joblessness in front of us.
Let me first of all say that I did two interviews during the votes
today, one with ABC News. And as I stood before the cameras they showed
me two comments, one from a gentleman who said that he was so disgusted
with Congress because nothing is being done and he believed that we
needed to start trying to deal with the problems. He thought that we
should not be raising the taxes on what he called ``ordinary'' people
or low-income working people.
The other interview I did was on Fox and was an interview where I was
interviewed about the joblessness among African Americans. I think both
of those intersect. And the reason for this is, I said to people that
as a Democrat I was embarrassed that during the last session of
Congress we failed to listen to the American public. The public said
they were interested in jobs.
[[Page H5142]]
I would go home to my district in Kansas City, Missouri, and people
would simply talk about the need for jobs. I would come back to
Washington, and the only thing we talked about was health care. And
health care was important, I supported it--it was not the bill that I
wanted, but I supported it anyway. And many of us supported it because
of the way in which you, Dr. Christensen, as a physician, presented us
with how valuable it would be. But the point is we never, ever dealt
with jobs. We are now into our 194th day into this Congress, and I am
sorry and I am embarrassed that we have not created one single job.
African American unemployment is at 16.2. If you use what the Labor
Department uses to factor real unemployment--it's called U-6--the U-6
unemployment for African Americans is at 30 percent. This is higher
than the Depression. The 1929 fall of Wall Street created unemployment
that devastated not only this country, but the entire world.
I am saying here on the floor--in this sacred well--that African
American unemployment is at a crisis level. Why would that be important
to somebody who's not African American or who lives in a community
where there are no African Americans? Well, in the first place, we
ought to be concerned about all Americans, period. And the day that I
am not concerned with all Americans, I want that to be my last day in
this body. I would say at this point that the congressional district
from which I come is only 18 percent African American, but the people
of good will in my district understand that all Americans should have
equal access to jobs.
There are a plethora of reasons for the African American unemployment
being so high--I won't get into all of them--but I want to tell you
that if we had unemployment among any group in America, whether they
were news anchors, whether they were comedians, no matter what the
group, I think that this country would be in a crisis mode. We would
have commissions; we would have the top economists and labor experts
becoming involved, trying to figure out how can we erase or reduce the
level of unemployment among this particular group. Now unemployment is
at 9.2 percent with all Americans. That is unacceptable in the most
powerful, industrialized, technologically advanced Nation on this
planet; 9.2 is unacceptable, 16.2 is sinful, it is sinful in this
country. I believe that we have got to figure out ways in which we can
get something done.
One of the gentlemen said during the pre-interview with me that he
believed, to quote him exactly, that ``Congress is broke.'' It pains
me, I've got to tell you, that I think he is right. I think it is a
broken body, but the public has participated. The public is culpable as
well, and that is this, we have people who run thermonuclear campaigns.
And instead of public people saying anybody who would run a nasty
campaign is going to be nasty when they get in office, so I'm not going
to vote for him or her, but that's not what the public says. They
cheer, they rah-rah this negativity on.
And the people who run the nasty campaigns on both sides end up in
this body, and they just simply escalate it with more publicity. And
until the United States citizenry comes to the conclusion that they are
sick and tired of what's going on and begin to punish people for being
nasty, it's going to get worse and worse and worse.
I would love to be able to some day close my eyes, fall asleep among
the elders, and believe before I go that the United States of America
will present to my children--and their children and even their
progeny--a state that has opened up opportunities to everyone and a
state where the government works. We cannot get anything done because
anybody who raises their head and presents something, if they belong to
the wrong party, they're not going to get recognized and nothing is
going to get done. Republicans do it; Democrats do it. It's wrong no
matter who does it.
What we are facing right now is a situation that is grave, and I
don't even think the Republican nor Democratic Parties in this body
understand that we can't simply go as we are going. We're talking about
the debt ceiling. It has to be raised. It is absolutely ridiculous to
say that we shouldn't raise it. I sit in my apartment across the street
from the Capitol at night looking at television and listening to people
who know better say that it's all right, it's no problem, we can let
the debt ceiling remain under the $14.3 trillion and nothing
cataclysmic will happen. And they know better. I would feel a lot
better if people would say something and really meant it because they
didn't know better. But they do know better, but many in the public
don't, and so they think there's no big deal.
Look, if we don't raise the debt ceiling, we can pay 60 percent of
our debts, but we've got to make some concrete choices on who gets that
60 percent. And no matter who gets it, it will create a cataclysm for
the United States and perhaps the entire world. Italy, Spain, Greece
and Ireland are already in trouble in Europe. And they don't have
central banks like we have. We have the Federal Reserve, and so to some
degree we can go out and have an auction of Treasury notes and bring in
revenue; they don't. But if we end up having a very, very serious
economic problem in this country, it's going to trigger a world-wide
recession. Nobody wins. Nobody comes out on top if this happens. And
the unemployment numbers, 9.2, they are going to rise.
I don't want people looking at this tonight or any of my colleagues
believing that those are my numbers or that I am the only one who
believes there is going to be trouble. Ben Bernanke, reappointed by
George Bush, says that if we make deep cuts in the U.S. budget, it is
going to create a problem because right know the only money that is
going into the U.S. economy, into the GDP, into the economic activity
is coming from the United States Federal Government.
And if you begin to cut back drastically, it cannot help but raise
the unemployment numbers. And if we fool around and fail to raise the
debt ceiling or just walk to the cliff, walk to the edge, walk to the
precipice, the bond rating agencies, who have already warned us--and
these are not Democratic bond rating agencies, these are not
Congressional Black Caucus bond rating agencies, these are not
Republican bond rating agencies, they are the bond rating agencies of
the United States of America--and they tell us when we're in trouble
and they tell us when we're in good stead. And they have said to us, if
you walk to the precipice, we are going to end up getting in trouble
because they're going to downgrade our bond rating. What does that
mean?
{time} 2030
Well, it means that the interest rates are going to rise. China is
our number one creditor, external. Most people think that we owe more
money to foreign governments than we owe anyplace else, which is not
true. The majority of the debt is held by citizens of the United
States. China is number one outside the country, and then Japan. Well,
China has no other place to make investments, so that's to our
advantage. Japan has nowhere else to make investments. That's to our
advantage. But they are going to say to us, Look, you guys are not
paying your bills, and if you're not going to pay your bills, it is a
greater risk to us.
And what happens when there's a greater risk? We're going to raise
your interest rates. So if the interest rates are raised on the United
States, they're going to be raised in all of the banks and anyplace
else where we seek credit. That is going to create a problem.
I don't understand how and why we have allowed all of this false
information to go out about how this will not matter and nothing is
going to happen. It has nothing to do with the facts. It has to do with
the partisanship. It has to do with partisanship. And in this town, in
this place, we allow ideology to trump everything. Everything falls
second to ideology.
I don't understand how anybody could come to this place and say, I
come here so that I won't have to compromise. You have to compromise.
There's not a person in the world who has been married for any length
of time who doesn't understand the word ``compromise.'' If they don't
understand word ``compromise,'' then they understand the word
``divorce.''
And so what we've got to understand here is that we're going to
divorce this Nation--one side red, one side blue, one side left, one
side right--and we can't
[[Page H5143]]
get anything accomplished as a consolidated Nation.
Let me just say a couple of other things, and I'm through, Madam
Speaker, and, that is, if I can go back to the jobs issue just for a
moment. We know that only 18,000 jobs were created in the United States
last month. We need probably 233,000 jobs each month to be created in
the United States. Why? Because that's about the number of new
employees or people seeking work who come into the work market, so
we've got to constantly create jobs.
People who were laid off work 3 or 4 years and haven't found work, if
the economy broke tomorrow and we were allowed to begin to see hiring
in the major corporations, the 10 employees who were laid off 3 or 4
years ago would now be three or four employees called back to work.
Why? Because technology is constantly growing and advancing, and where
we needed 10 line workers 3 or 4 years ago, we only need two or three
workers today, which means that we've got to educate the workforce.
What does that mean to the country? Well, if we don't educate the
workforce in the United States, it means that the imbalance of trade
with other countries is going to rise, because other nations are going
to be able to provide what we can't provide and they're going to do it
at a lower cost. We've got to have a workforce that can compete with
China and India and Japan and Indonesia and Vietnam, because if we
don't, American corporations are going to continue to try to do
business abroad.
We cannot ignore the fact that a lot of those jobs, positions, were
held by African Americans, and they need to be retrained. We need to
retool the U.S. workforce. Let me tell you why we have some numbers
that are disproportionate with African Americans, because I don't want
people doing what has been done in this country for the last 400 years.
Some people assume, well, you know, the African American numbers are
high because African Americans don't want to work. We've heard all of
that unfortunately over the years. The only reason we know what the
numbers are is because those are the individuals who are out seeking
work, who have gone to the unemployment agencies in their States, and
that's how we know that the unemployment numbers are what they are.
But keep in mind, and nobody probably thinks about this. Every time
you read about a State laying off workers, a municipality laying off
firefighters or police officers, or if you find any government agency
laying off, it means that the number of African Americans who are
unemployed will rise, and the reason for that is that African Americans
disproportionately seek work in the government. We've done it
historically because it was always believed that if you could work for
the government, the chances are less likely for you to be discriminated
against, so we have a large number of African Americans who work for
the government.
You see all of these State layoffs all over the country, and I want
people to realize when you see those numbers, please understand that a
disproportionate number of them are African American.
Now, while we are here fiddling instead of trying to deal with some
real problems in this country, there are people with real problems.
People who don't have a job, they have a problem. I'm willing to
compromise. I've talked about others who won't. I will. I'm willing to
compromise. I've already compromised.
My father turned 89 years old last Friday. Thank God. Glory.
Hallelujah. I'm happy. He's in great condition, probably better
physical condition than me--doctor, I'm going to do better--and my
uncle, who is 87. I'm thrilled and fortunate and blessed that they have
this kind of longevity in the Cleaver line. But I'm not ever, ever
going to compromise on one aspect, and that is Social Security.
My father has worked since he was a kid. His brother has worked since
he was a kid. For me to ever support reducing the benefits for somebody
who paid into Social Security--this is not some kind of giveaway
program. Everybody in this country who paid the payroll tax paid into
Social Security, and in their sunset years, they deserve the
opportunity to live as decently and in as healthy an environment as
possible. And so I'm not going to compromise on Social Security, at
least on the benefits.
I will compromise if we raise the age at which people can qualify, 10
years down the road. I will compromise on lifting the cap on $106,000.
Right now if you earn above $106,000, you will pay Social Security
taxes only on the amount under $106,000. So you can make 6 gajillion
dollars and never pay Social Security taxes on but about $105,000,
which I think is actually silly.
Those of us who have been blessed to earn more than $106,000 should
understand how fortunate we are, and so we should pay above the cap.
It's wrong. It's not right for people who earn a meager salary to have
to struggle when there are people making $106,000 and not even paying
Social Security tax.
I am representing Missouri's Fifth Congressional District, and I want
to focus some attention before I close, Madam Speaker, on a tragedy
occurring in Missouri and the entire Midwest region, for that matter.
Currently, farmland and homes are underwater along the Missouri River,
from Montana to my home State of Missouri. Record snowmelt runoff this
spring along with unexpected record rainfall in the upper river basin
filled up the reservoirs in eastern Montana and the Dakotas and word is
the Army Corps of Engineers plans to release large amounts of water
from the reservoirs to keep them from overflowing. That excess water
has flowed downstream, creating a path of destruction in its wake.
Levees have been breached in Iowa, Nebraska and in my home State in
northwest Missouri, causing flooding of farmland, road closures
including Interstate 29, and evacuations. More than 500,000 acres of
land have been flooded in the seven States along the river. The high
waters have moved eastward and further downstream in Missouri, causing
high water and flooding in Ray, Saline and Carroll Counties.
{time} 2040
I have gone to those areas. I have seen the flooding. I have looked
at the fields that farmers would normally have corn growing in
underwater. If we are here in Washington twiddling our thumbs, and the
farmers in Missouri and other States, for that matter, are struggling
just to make it--and with rivers still running above flood stage and
soil saturated, forecasters have predicted this summer flooding season
could rival the worst in U.S. history. That means what was called the
``Great Flood of 1993'' during my term as mayor, cost about $25 billion
in damage--this would exceed $25 billion.
The excessive high temperatures sweeping across the Nation this week
cannot erase concerns about river flooding. These high river levels are
not going away any time soon, and neither is the risk of flooding.
There will be sustained high water along the Missouri River through
August as the reservoirs continue releasing high volumes of water. Due
to this high water and saturated soil, just a small amount of rain
could trigger more flooding in areas that have already seen record
flooding in 2011.
Obviously, we cannot plan for every natural disaster. However, we
have the responsibility to take preventive measures whenever possible.
The original purpose of these upper Missouri basin dams was flood
protection. Over the years other priorities may have slipped in.
However, I believe now is the time to reevaluate the Corps of Engineers
management plans and once again place the safety and livelihood of
people who live and work along the river first.
Reservoir levels need to be lowered between October and April so
fewer releases are needed during the spring rain season. A goal of
targeted releases should be that they not exceed any given flood stage
downstream. And, if releases above flood stage levels are required,
then a maximum flow of no more than 5 feet over given flood stages for
no longer than 15 consecutive days could be set, followed by 5
consecutive days below given flood states. This cycle could be repeated
as necessary and would reduce downstream damages. This or other
contingency planning is needed to prevent flooding events such as this
year's from happening again.
Madam Speaker, we are here dealing with political--I think
``shenanigans''
[[Page H5144]]
is a word that would fit. People out in the country, the real people,
are struggling. Whether it is from flooding or unemployment, they are
struggling, and the Congress of the United States needs to act.
You know, one of the reasons we can't get anything done with jobs, as
I mentioned earlier, or the flooding problem, is this bickering based
on political affiliation. Here is one thing I learned. I am always
watching Animal Channel and the Discovery Channel. My family always
makes fun of me. But I learned something a few years ago watching the
Discovery Channel. Bees cannot sting and make honey at the same time.
They either have to become stingers or honey makers. What has happened
here is we have become stingers, and, therefore, we are not making any
honey or laws to help the American public.
Mrs. CHRISTENSEN. Thank you, Chairman Cleaver, and thank you for
making it so very clear to those listening this evening what the real
situation is in this country and how important it is for us to act to
help the American people.
You have heard Reverend and Chairman Cleaver talk about the job
situation and the floods and other challenges the American people are
facing. And now to add insult to injury, instead of passing a clean
increase to the debt ceiling, as we have done in the past, our country
and our good credit is being held hostage by Republicans, pushed by
their tea party members, who demand drastic and deep spending cuts,
cuts beginning in the last quarter of this calendar year, against the
advice of some of our most expert economists in this country.
The cuts in this new Cut, Cap, and Balance Act that we heard the
talking points on this weekend and tonight, as our Budget ranking
member Van Hollen has said, put more Americans out of work while this
country is still recovering from the worst recession since the Great
Depression.
In the earlier hour, we heard a lot about Republican leadership, but
I think they are leading us down the wrong path, the wrong path for
this country and for most Americans. That bill, which will be on the
floor tomorrow, would cap spending at the levels in the Republican
budget that are below 2008 spending levels. It would make it near
impossible, if not impossible, to make the investments that we need in
education and health care, in research and infrastructure to secure our
future. And it would still, with all of that, extend even more tax cuts
to special interests. All it would do is hamstring our Nation's growth
at a time when we are falling behind. It is not going to help to
restore confidence, as the gentleman from Arizona said. Only lifting
the debt ceiling will do that.
I have heard my colleagues say that the bill on the floor tomorrow
will protect Social Security, Medicare, and veterans payments, but I am
not too sure about that because the cuts and the caps that they will
impose are likely to lead us down a primrose path, with no way to fund
those programs later on, causing us to have to renege on our promises
to our seniors, our veterans, who have protected us, have been willing
to make the sacrifices to protect the freedoms we enjoy.
Also targeted in that bill tomorrow, or subject to the caps, are
SNAP, or food stamps, at a time when their policies are leaving more of
America's families and especially their children hungry. It would
include cuts to unemployment when we should really be adding 14 more
weeks of unemployment, as the bill that Barbara Lee has, as H.R. 589
would do. It would be cutting school lunches when sometimes that is the
only meal that some children have that is really balanced.
It would cut college loans and Pell Grants, as though we are trying
to go back to a time we don't want to go back to when only the wealthy
could afford a college education. We cannot move our country forward by
denying education to so many of our people. And all of this without
letting those tax cuts expire and continuing to let some of the
wealthiest in our country go without paying their fair share of taxes.
The Cut, Cap, and Balance Act is not the way to go. Lifting the debt
ceiling, doing it without having it being held hostage to cuts and
bills like this balanced budget amendment, is what we should be doing.
At this time I would yield to the distinguished gentlewoman from
Texas, who always comes with a lot of information and words of wisdom
and inspiration.
Ms. JACKSON LEE of Texas. I would like to thank the manager and
chairwoman of this particular hour, sponsored by the Congressional
Black Caucus, and for those of us who care, along with many of our
members in the Congressional Black Caucus and in this Congress, I think
it is important to note for our colleagues that there are many Members
who truly believe in their heart that we can find a common path, a
bipartisan path, and are in angst, if you will, because they want to
represent their constituents in the best way possible in what seems to
be the tyranny, in some instances, of the majority.
{time} 2050
Frankly, I do believe in the democratic process. I believe that if
you are a victor in elections, you have the right to define your agenda
and to present it to the American people. But there's some instances
where the American people call upon us to have those agendas set aside
so that we can work for America.
So I want to thank the gentlelady for her great work on the
Affordable Care Act. We are beginning to see many who never had access
to health care begin to be, if you will, the beneficiaries of
preventative care, the parity with mental health issues, more health
professionals that we work so hard on in the Congressional Black
Caucus, and of course, access to health care for those with preexisting
disease.
But I want to talk tonight to reiterate some points that were made
about the double-digit unemployment among African Americans and the 36
percent unemployment among youth and just make the point to the
American people, to my colleagues, that no jobs bill has been put
forward by our Republican friends, absolutely no job bill. This is now
July 18. A supermajority is on the other side. They could do so much
alone, without any votes from Democrats. Democrats have been pushing
for a jobs bill.
The Congressional Black Caucus will be leaving out in a couple of
weeks to visit cities all over America to not only say we care but to
talk about jobs. This summer we were going to close city pools and
community centers in Houston, with temperatures of 100, 105 degrees. I
felt if we couldn't find public moneys, let's work to find private
moneys. We were able to open over 10 to 15 community centers and pools
in my congressional district.
For me it was being able to find resources, meaning that some came
forward to give the resources, but, more importantly, it created jobs
for youth who could be, if you will, lifeguards. As I visited these
pools and talked to young people who would not have had a job,
obviously a small measure, but to at least acknowledge the desperation
that we have for jobs. As we go out as members of the Congressional
Black Caucus, we'll be embracing corporate leadership and others to
have job fairs so that individuals can have it. Just a summer or two
ago, I had a job fair in the teeming heat and thousands showed up, so
much so that people were lined around the block.
Americans want to work. And in a bipartisan partnership, wouldn't it
have been just great for Republican colleagues, no matter whether
they're a tea party or no party, to come together and say the first act
that we will engage in will be creating jobs. And out of that job
creation comes growth. We've done a great job under President Obama,
and we in the Democratic Party have done a great job. We've actually
been creating private sector jobs every single month, and as well we
did create 3 million jobs under the American Recovery and Reinvestment.
That should be very clear.
And the loss of numbers or the bump in unemployment is, as our
colleague indicated, for all of America, was because public sector jobs
were being willy-nilly dispensed with--front liners, first responders,
sanitation workers, teachers, firefighters, ambulance drivers--all over
America by Republican Governors. They laid the people off en masse. In
many instances, they didn't need to. There could have been ways to work
it out. But they laid
[[Page H5145]]
them off en masse, and that gave the bump to the unemployment.
But where does that lead us today? And what I want to focus on is the
fact that I want to make it very clear that members of the
Congressional Black Caucus have supported many bipartisan efforts to
turn our economy right side up. We have worked on infrastructure
issues. We have supported transportation legislation to fix America's
bridges, highways, dams, because we know how important it is. We have
helped resolve our budgetary issues, our revenue issues. We have voted
in unison in a bipartisan way for some legislation that may not have
been in total agreement with many of our views but we did it for
America. We voted for a balanced budget amendment that generated the
Children's Health Insurance Program. And we need to continue to discuss
this, where we are today, because we need to help the American people.
And I've heard the concerns of my constituents.
Today, I was at an announcement of the use of neighborhood
stabilization funds, where we work with Habitat for Humanity and open
the door of houses for those who weren't ever able to have a house. Oh,
you should have seen the excitement of those families. But the seniors
there were asking me: Are we going to get our Social Security check?
You can't go anywhere in your district where people are not up in
fury. They want to know how we can get this done.
I think it's important to note a little bit of history. Prior to the
existence of the debt ceiling, Congress had to approve borrowing each
time the Federal Government wished to borrow money in order to carry
out its functions. With the onset of World War I and the growth of this
Nation, more flexibility was needed to expand the government's
capability to borrow money expeditiously in order to meet the rapidly
changing requirements. That's where this came from. This is not a
Democratic idea. This is not the idea of President Barack Obama.
To address this need, the debt ceiling was established in 1917,
allowing the Federal Government to be the umbrella on a rainy day, to
come to the aid of Americans during emergencies, to be able to address
the question of war and peace. This wasn't something we developed just
to agitate Members who believe they are the fiscal hawks of all time,
even more so than President Reagan, who understood that the government
had certain roles.
Since the debt limit was first put in place, Congress increased it
over a hundred times. In fact, it was raised 10 times in the past
decade, which includes the era of President George Bush and the wars of
Iraq and Afghanistan. Congress last came together and raised the debt
ceiling in February of 2010, and it did so with the idea that we were
working together.
We understand that we are at $14-plus trillion. There's no one who is
happy with a growing debt. But many economists will tell you that a
deficit is sometimes important to take care of a country's people. Who
knows what is going on in Japan right now because they need to take
care of their people. They need to ensure that those who are impacted
by the tsunami and the earthquake and the nuclear implosion can be
taken care of--the sick people, the displaced people. And when I say
not knowing what's going on, we know that they are growing a deficit.
But our country is not like Portugal and Greece, and economists that
we listened to 2 weeks ago said on the record that this Nation is not
broke. Let me say it again, Americans. Don't be intimidated and
frightened to believe that America is broke. We can solve this problem.
The way in which we are able to address it, the assets that we have,
will allow us to extend the cuts over a 12-year period. Every reasoned
economist in America says you cannot cut our spending overnight; you
cannot cut it. So Congress is entirely within its right to be
thoughtful on this issue of the debt.
And it is also important to note that what makes us so strong is we
have something called United States Treasury bonds, which have
traditionally been one of the safest investments another country or an
investor can make. And other countries, including Americans, buy
Treasury bonds. Our children are given Treasury bonds. For foreign
nations and investors purchasing a U.S. Treasury bond meant that they
held something virtually as safe as cash, backed by the full faith and
credit of the United States. This is constitutionally worded.
And so my friends who are drawn to the tea party are suggesting that
we go straight to the brink. But when you go to the brink, as my
colleague has said, you begin to shake the markets. They begin to
shudder. And the impact comes to the hardworking American who has been
so fiscally responsible that they have put away savings for their
children's college, savings for themselves if they retire. They have
been dutiful. They have been respectful. But what we will do is force
this market to get so shaky that those savings may be jeopardized.
{time} 2100
How can we do this--the Democratic Party, the Republican Party, the
Tea Party? If it's a registered party or a group of people, if there
are members who have come here wearing the banner, they can do nothing
more than adhere to that.
So we are here on the floor tonight to look for compromise and reason
and to say, in turn, with the proceeds from the bonds that the Federal
Government of the world's largest economy is able to finance its
operations. That's us, the United States.
Let me remind everyone we have the largest economy in the world.
America is not broke. We have to do better. We have to extend our cuts.
We have to balance over a period of time, almost like a household,
where they begin to try to analyze what they'll be able to pay and what
they'll have to cut out. You've heard families say, We've stopped going
out as much as we've gone out. There are unemployed persons who have to
make more devastating cuts and go into their savings. That's why I say:
Where is the jobs bill that the Republicans are supposed to put on the
floor of the House? Where are the jobs? Somebody used to say in an
advertisement: ``Where's the beef?''
So this week, my friends, we're going to be spending a whole week
addressing the question of a bill called Cut, Cap, and Balance. Before
I just address to you who will be hurt on Cut, Cap, and Balance--it's a
balanced budget amendment that came out of the Judiciary Committee of
which I'm a member--I just want you to know that every State can stand
up here and say that, but I want to put it on the record that it has
come to my attention that:
Social Security beneficiaries in Texas, 3,440,442, likely will be
impacted. The total number of Social Security beneficiaries in Harris
County--that's where Houston, Texas is, which is the fourth largest
city in the Nation and is a very diverse city--is 429,760, which might
include SSI, which is for those who are in need of moneys because of
their children or they're disabled. There are 780,000 seniors and
individuals with disabilities in the metro area who are currently
enrolled in Medicare--the lifeline of our seniors--and there are
currently 145,000 individuals in the district, the 18th Congressional
District, who are on Medicaid. It's interesting to note that the
Medicaid issue has not even been discussed.
So here we have a week of Cut, Cap, and Balance. Frankly, the
Treasury bond is in jeopardy. The marketplace of innocent, hardworking
Americans who have saved and invested in those bonds, who owe nations
around the world, who bought what they thought was a rock-solid
investment are now teetering because we're willing to take this week to
discuss a bill called Cut, Cap, and Balance, which the President of the
United States has already indicated that he intends to veto, and
there's a question of whether or not the Senate will even address this
bill. So we will spend our time wasting and debating so that someone
can get a political mark.
Let me express my understanding of Members who need a political mark:
I voted for a bill that will never pass and could never be a useful
tool in the United States. You can go home, as you bang your chest, and
suggest, I showed them. I told them what it was. I voted for the Cut,
Cap, and Balance.
By the way, there is no doubt that this will possibly pass, because
Republicans have a supermajority, but do you know what this is? This is
playing political chicken. Who will blink? We have never played
political chicken
[[Page H5146]]
with the raising of the debt ceiling. We have never put the American
people in this jeopardy. We didn't do it to Ronald Reagan. We didn't do
it to Jimmy Carter. We didn't do it to the first George Bush, a
distinguished Texan. We didn't do it to President, as I said, Carter.
We didn't do it to President Clinton. We didn't do it to President
Bush, who was just in office, but here we are with President Barack
Obama now at a time that we think we have to do this. This is based
upon an ideological view that does not look to the American people.
So let me tell you who is hurt in all of this so that we can
understand real people are involved. I'll just call this ``working
Americans'' and this little one who will represent millions of children
across America. This is who this will impact.
In the State of Texas, our Governor has already cut $4 billion from
education. He actually took the stimulus money that was supposed to be
for education. Governor Rick Perry decided to just snatch the moneys
away and put it in a rainy day fund. It looks good when you're going to
run for higher office to show off that you saved money. You haven't
saved any money. You took the money out of the children's mouths.
You're closing schools. You're closing school districts. You're taking
away teachers. You're building up the class sizes. You're making our
country second and third class in education while other countries are
moving forward. So that's who we'll hurt.
Just take this little one who is not yet in school. This is a
hardworking nurse, who represents working Americans. This is who will
be hurt because, on the Cut, Cap, and Balance bill, though they say
they are protecting Medicaid, Medicare and others, you're going to find
out that we literally are not going to be able to run this country. My
colleague came from Missouri. Everybody saw the tragedy of Joplin,
Missouri. So the Cut, Cap, and Balance is going to hurt them. I'm going
to call this the ``Tap Dance bill'' because they're going to be tap
dancing around all the people who are going to be hurt.
Next who is going to be hurt are our military families. Now, they say
that they're taking care of veterans' benefits, but this is active duty
military. They need to be paid. They say they have classified or taken
out the security. Well, have they taken out the grandmammas of these
soldiers and their wives? Have they taken out the parents of these
soldiers and their wives who need Medicare and Social Security? Have
they taken out the sisters and brothers who need student loans? No.
So they're tap dancing around the fact that they say they're not
hurting these people. It's not the Cap bill. It's the ``Tap Dance
bill.'' That's what it's going to be. Then, rather than the Cut and Cap
bill, they're going to organize the ``Losers' Club of America.'' We're
going to open up a losers' club with what is going to go on on the
floor tomorrow. The ``Losers' Club'' will be the American people--
children, seniors, college students, the jobs that we want to make
through the infrastructure. How many people have driven on freeways and
bridges and hit potholes? It's because America's infrastructure needs
to be rebuilt.
So very quickly let me just say that, as these poster boards take
their own life, the ``Losers' Club'' tomorrow is going to pronounce
that we will be giving gifts to millionaires. They'll get $200,000
because the bill tomorrow is worse than the Republican budget. So the
millionaires will get $200,000. Remember what I said. They call it the
Cut, Cap, and Balance. I'm calling it the ``Tap Dance, Losers' Club and
Bust bill.'' So we're going to give millionaires $200,000 a year while
seniors will be paying an extra $6,000 a year for their Medicare
because it will bust Medicare as we know it.
Now, how did we get to where we are today? Why are we in this false
status where people are saying, ``Don't raise the debt limit''?
We brought it on ourselves. The Republicans were in charge when the
Bush tax cuts came in, and they never wanted to have it expire. That
was a big fight when we came in and when the President came in. That
was a big fight. Out of compromise, he said, Let's be fair. So you can
see the Bush tax cuts are 37 percent of our debt--37 percent. So, to
talk about why we're here, look at what the Republicans have done. Then
you have the Iraq war--11 percent. So it's interesting that now they're
going to be fiscally responsible, yet they're the cause of the debt.
Let me finish by just saying that I am glad to be here with the
Congressional Black Caucus. I want to rename the bill as the ``Tap
Dance, Losers' Club and Bust the American People bill''--bust the
safety net for America. I want to thank the gentlelady by simply saying
that I love this country, and I believe we can come together.
I have great respect for my colleagues who have a different view, but
what I beg of them to do is to take the Constitution and cherish it
like we all do. As to that opening part that says, ``we the people,''
we are now calling on Republicans and Democrats and members of the Tea
Party who are in this Congress to be part of the ``we the people.'' Let
us not in a frivolous manner take up the floor time that it is going to
take to work on a bill that will never be signed and take it away from
the resolution of the debt ceiling, which then causes the markets to go
in a tailspin. I want to save the American people, and I, frankly,
believe that we have the right to do so.
I will simply close by saying to you: Martin King, whose monument
will open in just a few weeks, gave us a wonderful challenge--the time
that he asked this Nation to believe in his dream.
{time} 2110
And he gave us the further challenge of the night before his death.
He indicated that he had been to the mountaintop, and he looked out and
saw the Promised Land, an opportunity for all of us, no matter who we
were, to have an equal opportunity in this country and to respect views
but always look for the greater good.
But he said that he as a person, he didn't think that he would get to
the Promised Land, but he knew that we as a people, we as Americans,
would get to the Promised Land some day. I still believe in that dream
and in that charge. And I am asking for my colleagues to work with us
to be able to do that--this time on behalf of the American people.
Mrs. CHRISTENSEN. I thank you so much for your charts. You're really
pointing out who would be hurt by the Cut, Cap, and Balance, or as you
call it, the tap dancing bill. Sometimes you have to call it what it
is. So thank you, Congresswoman Sheila Jackson Lee, for joining us this
evening.
I listened to New York Times columnist Tom Friedman yesterday, and I
think we ought to put his talk on with the one that he had with our
Nation's governors on DVD and make it required listening for some of
our stonewalling colleagues. He put an adjective on the debate or so-
called negotiations that have been staged these last few weeks. He
called the debate ``idiotic.'' Now, some may agree, some may disagree
with that.
But he further said, and this I do agree with, that it is not worthy
of our country and a disservice to our children.
So just like the other 74 times since 1962, 74 times that a clean,
noncontroversial lift of our debt ceiling has been done, we should have
done it a long time ago, and that's what we ought to do now. And then
after that, whether we use Bowles-Simpson or Rivlin-Domenici or what's
left of the Gang of Six--I guess it is now just Democrats--their plan
is a starting point; we need to begin coming up with a solid deficit
reduction plan that isn't done on the backs of our poor, our middle
class, our children, our seniors, and our people with disabilities. And
one that is as the President has called for, one of shared sacrifices.
It's the only fair way. It's the only American way.
And while important to securing the future, deficit reduction by
itself is not enough. We are still in a recession, a recovery, but it's
very slow, and it's uneven. What we need now are jobs, jobs, and more
jobs. We need to continue the work of the Recovery Act and add to the 3
million jobs that we either saved or created with that bill and that
act. We need to rebuild our manufacturing base as the Make It in
America Democratic agenda would do. And we have to revive the housing
market to help families stay in their homes and restore the opportunity
for every American and those who came to live
[[Page H5147]]
in this country to achieve what we call the American dream.
We need to do what we have always done best--to create. We need to
regain our place as the innovation capital of the world. And to do that
and to secure a sustainable future for our children, we have to invest
in the work of bringing our country back from 25th in science, 17th in
math, 14th in reading, and 12th in college graduates.
The issue should not be cut, cut, cut. I agree with Tom Friedman on
that as well. But it should be how do we do what is necessary to bring
our beloved Nation back to the first-place standing which is where it
always must be and what our families and our children deserve.
As the African proverb said--this is really what's happening now--the
elephants are fighting and the grass is getting crushed.
This should not be a fight over political ideology. Democratic
leaders have shown their willingness to compromise on many of the
programs we hold sacred. What those compromises are and how large they
are I think will determine where the CBC stands when the time comes to
vote.
But there can be no compromise, as you've heard from my colleagues
tonight, on Social Security, which has nothing to do with the deficit
whatsoever, or on Medicare, which we have done so much to strengthen
and lengthen in the Affordable Care Act, or on Medicaid, which would
not only cause undue but grave harm to the poor and all of the States
and territories that we represent.
So I say to my fellow Members of Congress on both sides of the aisle,
on both sides of the Capitol, let's raise this debt ceiling. Let's
forget this crazy debate about cutting programs that hurt our fellow
Americans and do it in a clean vote so that we can get back to the
important critical business of creating jobs, of rebuilding our
country, of putting in place a strong foundation for our future, of
restoring our image in the world and holding on to our position of
leadership.
I yield the balance of my time to Congresswoman Sheila Jackson Lee.
Ms. JACKSON LEE of Texas. I thank the gentlelady.
I want to thank her so very much for her leadership but I wanted to--
when I said the bust, I want to equate it to the balanced budget
amendment. That is what this Cap, Cut, and Balance is; it is a balanced
budget amendment.
But let me be very clear, because you said something very important.
The balanced budget amendment, if it was passed, would virtually
guarantee that future budgets would cut and end Medicare as well as
drastically cut Medicaid, just like the Republican budget. The balanced
budget amendment takes two-thirds of the House and the Senate to pass.
It is almost impossible for it to pass.
And we are not like States where States do balance but they only have
to take care of their State.
Mrs. CHRISTENSEN. What you are saying, though, is we would never be
able to raise any revenue because it takes two-thirds of both bodies to
be able to do anything to increase revenue.
Ms. JACKSON LEE of Texas. So in Joplin, Missouri, the floods, the
tornadoes--and let me finish on this.
We served on Homeland Security. We have seen the death of Mr.
Karzai's brother, his very close aide. We have seen Pakistani police
officers shot down in a massacre by the Taliban. This is a very serious
climate of terrorism in this world.
And the tragedy, the backdrop of 9/11 where we had to bail out the
airlines, where we had to rebuild New York and other places, that is a
responsibility of America. That's why there is a Federal Government.
And if we are to play with this through the Cap, Cut, and Balance, the
balanced budget amendment, we will be the tap dance, we will be the
losers club, and we will bust the rights of Americans to call upon
their Federal Government when they are in need.
This is not a time to play with the lives of Americans. I believe
that we are ready to compromise but not to engage in frivolity when it
is serious and when we have to do what the American people need us to
do.
I am very glad to be with the gentlelady from the Virgin Islands
tonight, but I couldn't leave the podium without emphasizing that
homeland security cannot be undermined and diminished. It is extremely
important and does well to serve and secure the American people. Let's
do right by the American people.
Mrs. CHRISTENSEN. I thank the gentlelady from Texas.
Madam Speaker, I yield back the balance of my time.
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