[Congressional Record Volume 161, Number 48 (Monday, March 23, 2015)]
[House]
[Pages H1839-H1842]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THIS IS BUDGET WEEK
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 6, 2015, the gentleman from Georgia (Mr. Woodall) is recognized
for 60 minutes as the designee of the majority leader.
Mr. WOODALL. Mr. Speaker, I sure do appreciate that, and I appreciate
you being down here with us. I enjoy this time of the evening. It is a
little quieter on Capitol Hill. Folks are coming and going, but I
always learn something that I wouldn't have learned otherwise. For all
the differences that we have here, when you talk to each other 15, 20
seconds at a time, those differences get accented. When you listen to
one another for an hour at a time, it is easier to find those strains
that bind us together. I hope that I am able to touch on some of those
topics tonight myself, Mr. Speaker.
I have got the House budget on my mind. It is budget week. I don't
know if everybody else is as excited about it as I am. This is budget
week in Washington, D.C.
I just finished a hearing in the Committee on Rules, and we had folks
come up and testify about all of their different budget ideas. What it
means for it to be budget week is that we just voted in the Committee
on Rules to make every single budget that any Member of this body,
whether they be the most liberal Democrat, the most conservative
Republican, or anywhere in between, north, south, east, and west,
youngest to oldest, any Member of this body that has an idea about how
to grapple with the budgetary challenges that face this Nation, Mr.
Speaker, their idea is going to get a vote on the floor of the House
this week--this week.
Now, it is heavy duty writing a budget, Mr. Speaker. I serve on the
House Committee on the Budget. One of the reasons it is so hard, and
you can't see it, Mr. Speaker, but I have here a pie chart of the
spending in the United States of America. Now, you and I go through
bill after bill, day after day, month after month of talking about
appropriations bills. But as you know, Mr. Speaker, appropriations
bills, they just deal with what I have shown here in the blue areas,
the kind of nondefense discretionary spending and defense spending.
Candidly, that is what everybody thinks of as being the budget. They
think of transportation, roads, bridges; they think of the environment,
parks; they think of the judiciary; they think of law enforcement; they
think of all of these components of government. Well, the truth is, all
of those things, Mr. Speaker, we have to jam into this little bitty
piece of the pie, these two blue pieces of the pie, the things that
Congress focuses on every year in the appropriations cycle.
[[Page H1840]]
{time} 2000
This red piece of the pie is all of that spending that is on
autopilot.
Now, I have read the Constitution, just as you have, Mr. Speaker. It
says that all spending is going to originate in the U.S. House of
Representatives. Well, you have been here 3 months already and you have
not gotten a vote on this spending at all. I have been here 4 years,
and I haven't gotten a vote on this spending at all.
This is spending--all of this that is represented in red--trillions
of dollars a year, because some of our colleagues in the House 10 years
ago, 20 years ago, 40 years ago, even 80 years ago, voted ``yes'' to
turn on an autopilot spending bill. That bill is still on autopilot and
still spending today. Our opportunity to grapple with this red area,
Mr. Speaker--this that they call mandatory spending--is by outlining a
strategy in a budget.
Now, Mr. Speaker, for 4 years, I have had the voting card of the
Seventh District of Georgia. It is an honor to carry that card every
day. And for 4 years, we have been doing Budget Committee work in this
institution that should make every American proud. It should make every
American proud.
But as you know, Mr. Speaker--as I think most Americans know--the
Senate has not quite been as fortunate. They have been stymied over
there, trying to pass a budget. Now we have a new American Senate that
is working side-by-side with the House, because if the House can pass a
budget and if the Senate can pass a budget and if we can come together
and reconcile those differences, we will have a governing document that
begins to allow us to deal not just with the small blue part of the
budget, Mr. Speaker, but the entire budget--$3.5 trillion in FY 2014.
Why is that so important? It is important, Mr. Speaker, because we
have borrowed $18 trillion from our children and our grandchildren.
Now, I say it over and over and over again. I am going to say it again
tonight. It is immoral. It is immoral, and it is not even
intellectually defensible.
If you are from the part of the Congress that doesn't want to raise
taxes--and I am in that part of the Congress--don't pretend that
borrowing a dollar today so that you don't have to raise taxes is
failing to raise taxes. It is not. If you borrow a dollar today,
someone is going to have to raise taxes sometime in the future. They
are going to have to pay that dollar back, plus interest. A vote to
borrow money is a vote to raise taxes. It is just not a vote to raise
taxes on you. It is a vote to raise taxes on the next generation.
Conversely, if you are in the part of this Congress that likes to
spend money--I am not in the part of this Congress that likes to spend
money--I want to shrink the size and scope of government, I want to
make it more accountable, more effective, more efficient, but it is
hard to do with $3.5 trillion. I want to shrink the size and scope of
government, but if you are on the side of this Congress that wants to
grow spending, a vote to grow spending without paying for it today--a
vote to borrow--is a vote to cut spending on someone else years from
now.
We have seen it in all of the countries around the planet, Mr.
Speaker, that are struggling with economic collapse. When government
has to shrink, when austerity measures kick in, the people that pay the
price are not the wealthy in society. The people who pay the price are
those who are most dependent on government benefits.
A vote to spend money today that we don't have--a vote to borrow
today--is a vote to cut the benefits of our children and our
grandchildren, who will need it more than we do today.
So, whether you are focusing on balanced budgets from a tax
perspective or whether you are focusing on them from a spending
perspective, Mr. Speaker, we should be able to come together and decide
that grappling with those issues--putting forward a plan to deal with
those issues--is better than hiding our head in the sand.
This is why. What I have graphed here, Mr. Speaker, with the red line
is traditional revenues. It is tax revenues in this country--take all
the taxes that we bring in together. I charted them as a percent of
GDP, gross domestic product. What that means, Mr. Speaker, this looks
like a level line but, of course, the economy continues to grow. And
every time the economy grows, tax revenues grow. And so this is level
as a percent of the size of our economy, but it is a growing number of
taxes every year--again, up to $3.5 trillion now and $3.8 trillion for
FY 2016.
Well, these blue lines represent spending on those mandatory spending
programs I just talked about: those programs that are on autopilot,
those programs that we don't deal with in this institution every year,
those programs that escape the collaborative scrutiny of this body.
Here is what you see. This chart goes back to 1965, Mr. Speaker. Back
in 1965, interest on the national debt was a small part of our economic
pie. Social Security was a large part of our economic pie, but smaller
than it is today. Medicare was a very small part. Medicaid was a very
small part.
What you see on this chart, Mr. Speaker, is that they grow larger and
larger and larger. Now, that is not larger and larger and larger in
terms of actual dollars. They are growing larger and larger and larger
in terms of actual dollars, but this chart is reflecting them growing
larger and larger and larger as a percent of everything the United
States produces.
And what you see, Mr. Speaker, is that even though all the tax
revenue we have been able to squeeze out of this country, whether it
was a Republican as President or a Democrat as President, whether it
was Republicans running the country or Democrats running the country,
America was unwilling to contribute more than about 17 to 18 percent of
GDP in tax revenues.
Well, Mr. Speaker, if you go out to the end of our budget window
here, which is about 2025, you will see that, based on current law,
current spending, spending just rising at that rate of inflation as
required by current law, the combination of Medicaid, Medicare, Social
Security, and interest on the national debt will consume every penny
that the Federal Government raises--every penny.
I showed you on this chart earlier, Mr. Speaker, what Congress deals
with here in blue--defense and nondefense--which most people think of
as the government. That is only about a third of the pie. Social
Security, Medicare, Medicaid, interest on the national debt--those
mandatory spending programs--is where most of the money is being spent
today. That wasn't true 30 years ago.
Back in the 1960s, 40 years ago, Mr. Speaker, I would say about a
third of government spending was what we will call these income support
programs--these direct spending programs on behalf of citizens. About
two-thirds of what we spent was investment in America. We were building
things: the Eisenhower Interstate Highway System, the National
Institutes of Health, the Centers for Disease Control. We were building
things. We were defeating the evil empire.
National security was a larger piece of the pie in those days. Two-
thirds of the budget was an investment in America. But today, Mr.
Speaker, those numbers have exactly inverted. We spend about one-third
on investment in national security and two-thirds on income support
programs. By 2025, Mr. Speaker, those programs threaten to consume
every penny the Federal Government has.
Look out there at the end of this window, Mr. Speaker. We are not
talking about raising taxes a little. We are talking about just to fund
these programs--no parks, no courts, no judges, no prisons, no roads,
no environmental regulations; nothing except Medicaid, Medicare, Social
Security, interest on the national debt--we would have to increase
taxes almost 50 percent just to pay for those programs.
That is not sustainable. Everyone in this Chamber knows it is not
sustainable. And my frustration, Mr. Speaker--and I hope you haven't
found the same one quite yet--is that we all know what the truth is,
but we don't all want to admit what the truth is.
There is no question that we can't pay for these programs. There is
no question that Social Security is headed towards bankruptcy. Who is
doing anything to solve it? Social Security Disability is going to go
bankrupt 18 months from now in the year 2016. Social Security
Disability Insurance--that trust fund that is available for folks who
have been stricken with disabilities and can no longer work--runs out
of money.
[[Page H1841]]
Everyone in this Chamber knows it. That is not Rob Woodall,
conservative Republican, predicting that. That is the Social Security
Disability Insurance trustees--the nonpartisan trustees--telling us
that we are going to run out of money. The nonpartisan trustees of the
Medicare Program are going to tell us it is going to run out of money.
The nonpartisan trustees of the Social Security retirement program tell
us it is going to run out of money.
Where are the reform proposals from this institution? It is hard, Mr.
Speaker. We all know what the truth is, but folks don't want to admit
it.
I am going to bring us back to budget week. What I love about this
week, Mr. Speaker, is that we focus on those big problems, those big
drivers of spending, those social safety net programs that are so
essential to so many Americans. This is the week we lay out our plans
to save them. This is the week where we talk about doing the heavy
lifting that we don't talk about the rest of the year.
I want the courage that we show in this week, Mr. Speaker, I want the
ideas that we discuss this week to be the outline by which we live the
rest of the year. I always hope for that. I don't always get that. I am
hoping for that again this year.
Let's talk about the plan, Mr. Speaker, that came out of the House
Budget Committee. Now, the House Budget Committee is a fabulous group
of people. If you have not gotten a chance, Mr. Speaker, it is
budget.house.gov. It is completely transparent. You can see anything
you want to see about the House-passed budget and our deliberations.
We just had a markup last week, Mr. Speaker. We started about 10:30
in the morning. We finished just a little after midnight that day. We
came back the next day and went for about an hour more. We discussed
every single amendment that anyone had to offer, Mr. Speaker. We talked
about the big ideas. We talked about unemployment. We talked about job
creation. We talked about job training. We talked about national
security. We got deep into every single issue that matters to families
back home in my district--every single one--and back home in your
district, Mr. Speaker. And this is the plan we have laid out.
What I have charted here, Mr. Speaker, is the path of debt. The path
of debt runs from back in World War II, where we had to borrow about
100 percent of the size of our economy. Granted, the economy was much
smaller then, but as a percentage of the size of our economy--that is
the way the economists take a look at what we do to make sure that we
are still on good financial footing--100 percent of the size of our
economy to defeat the Nazis to win World War II.
Mr. Speaker, we are almost back at those same high levels today. You
see it represented here by the dark blue line. We are almost back there
today.
Do we have severe economic challenges today? Of course, we do. Is the
world a dangerous place today? Of course, it is. Are we united as a
nation and fighting those challenges the way we were fighting World War
II? Of course, we are not. Of course, we are not. But by engaging in
this degree of borrowing when we are not facing an international
challenge of the size of winning World War II, we are trading away our
opportunities to face that challenge should it arise in the future.
We are borrowing today, Mr. Speaker, for consumption when we borrowed
in 1945 for investment. We are borrowing today to pay the current bills
of just running the Nation when we borrowed in 1945 to defeat evil.
What are we going to do when we are forced to confront evil of that
magnitude again? I am not sure, because we have traded away, through
borrowing and spending on today's consumption, the opportunity to spend
big to win those global challenges.
So look at beyond the dark blue line, Mr. Speaker. This is what you
are going to see there. The red line of debt, which you see rises far
above World War II level borrowing--in fact, double World War II level
borrowing--that red line is what happens if we close the doors of the
Congress today. If we turn out the lights and never pass a new law, if
we turn out the lights and never make a new promise, if we turn out the
lights and promise not to spend one more penny than that that is
already required by the laws on the books--and the White House does the
very same thing, turns out the lights--that red line represents the
level of borrowing necessary simply to keep today's promises. No new
promises. Today's promises.
I laid out the future that we are trading away. I laid out the
opportunities to react to crises that we are trading away. I laid out
the burden that this is putting on future generations. That is just
where we are today. If we do nothing and let current law continue, the
problem doesn't just get worst. It gets twice as bad.
But, Mr. Speaker, I am tired of hearing folks complain about what
happens here and there. I am tired of hearing folks say, I know what
all the problems are, but I don't have any solutions to offer. I just
want to tell you who to blame for your woes. I don't want to be
responsible for providing solutions.
{time} 1915
Nonsense, nonsense--this body is not filled with men and women, Madam
Speaker, who came here to find blame. This body is filled with people
who came to solve problems.
Blue line, problem solved--that blue line, that light blue line,
Madam Speaker, represents the House Budget Committee mark. If this
institution passes the budget for FY16, for the next 10-year window, if
they pass the budget that we worked out in that Budget Committee, we
don't just avoid the economic catastrophe that is represented by
current law, we reverse the trend.
Madam Speaker, it is hard. Golly, I want to be able to tell children
and grandchildren across this country that we are balancing the budget
tomorrow. We are not. We are not. We can't.
Unless you want to raise taxes right through the roof and crush
working American families, unless you want to cut spending right to the
floor and crush our opportunities at national security, you can't
balance the budget tomorrow. The problem is too big.
We laid out a 10-year glide path. It doesn't put the tough decisions
off for 10 years, but it begins making the tough decisions today,
begins bending that curve of borrowing today.
Madam Speaker, $4.7 trillion in interest is what we are projecting to
spend in the 10-year window--$4.7 trillion on interest alone.
Madam Speaker, the budget for the entire United States of America
last year was only $3.5 trillion. We are only proposing, as a budget
for next year, $3.8 trillion. Our interest payments, borrowing at the
record-low teaser rates that we are borrowing at today--record-low
rates--are going to see us pay $4.7 trillion in interest over the next
10 years.
It is like taking 18 months off. Think about that. If our budget is
about $3.8 trillion for FY16, $4.7 trillion, that is about a year and a
quarter off. Again, turn out the lights, send everybody home--no more
national security, no more schools, no more roads. That is what debt is
costing us, a year and a quarter of productivity out of the next 10,
and that is when we take these important steps to begin to curb it.
Compare the difference in vision, Madam Speaker. This blue line
represents our vision. The light blue line represents our solution to
the red line, which represents current law.
Madam Speaker, why is this so hard to do? Because this chart
represents the President's vision--leadership is a two-way street. We
need folks leading on both sides of the aisle. We need folks leading on
both sides of the Congress. We need folks leading on both ends of
Pennsylvania Avenue. Leading often means taking something that you
disagree on and selling the other guy on why you are right.
For us, Madam Speaker, we take our balanced budget proposal. We take
it to the other side of the aisle. We take it on the other side of the
Capitol. We take it on the other end of Pennsylvania Avenue, and we try
to sell it.
We believe that balancing the budget is the right thing to do. We
believe that borrowing from our children and grandchildren is immoral.
The President takes a different view, and I don't fault him for taking
a different view. I question his math. I question the economic guidance
that he is relying on. I don't question his motives.
His view--which is represented by the deficit here in blue, our
annual deficits
[[Page H1842]]
are represented in red--represent the budget the President sent to
Capitol Hill this year. Now, this budget is substantially similar to
the budgets he has sent to Capitol Hill every year.
If the President was standing here tonight, Madam Speaker, I don't
think I would be mischaracterizing him if I say what he would tell you
is he wants to freeze our debt as a percent of the size of our economy,
and as long as our economy is rising then, he believes we can continue
to let our debt rise. He calls that primary balance, when you lock in
your debt as a static percent of GDP but continue to borrow forever--
forever.
What I am showing you here on this chart, Madam Speaker, is our
budget alternative, produced by the Budget Committee, to be voted on in
the House tomorrow. What our budget does is take deficits for about
$350 billion next year down to zero.
I don't even know if you know this word down on the end, Madam
Speaker. It says ``surplus''--no reason you should know it. We haven't
seen one in your time on Capitol Hill. I would argue we haven't seen
one in my lifetime.
We talked about them happening in the nineties, but as you know, that
was a little funny math there, the Social Security trust fund and other
issues. It has been a long time since we have seen a surplus in our
budget, but that is what our ideas produce. That is what our tough
choices produce. That is what our commitment to solving problems
produces.
The President, on the other hand, raises taxes over $1 trillion, new
taxes over $1 trillion, and continues to spend, so much so that in the
years that we are balancing, Madam Speaker, the President is borrowing
an additional $1 trillion a year.
He would tell you that the reason he is borrowing it is because
investment in America is important, and it is. He would tell you that
the reason he is borrowing is because, if we don't invest in challenges
today, we are not going to be able to reap the benefits of those
challenges tomorrow, and he is right.
We are not arguing in this institution, Madam Speaker, we are not
debating in this institution, we are not grappling in this institution
about the merit of investing in America. We all believe that we should.
What we are talking about is whether or not we should pay for that
investment. If we think it is a good idea, should we find the money for
it today? Or do we just think it is enough of a good idea for our
children to figure out how to pay for it or our grandchildren to figure
out how to pay for it?
But it is not so much of a good idea that you and I would actually
burden ourselves with making the tough decision today--nonsense. I
reject that vision. I reject the President's growing deficits out. I
reject the President's budget that says: Not only am I not going to
balance tomorrow, not only am I not going to balance in the next 10
years, I am not going to balance the budget ever.
Now, that is not a small thing we are arguing about. This isn't just
some sort of partisan sniping that happens between Republicans and
Democrats. There is a fundamental disagreement about who we are as
Americans, about what the role of Federal Government is.
The House Budget Committee says: Let's try to balance this budget in
the next 10 years. The time to stop burdening our children and our
grandchildren with debt is now.
The President says: I have spending priorities for America. Let's
grow the amount of money we are borrowing every single year. Let's
balance the budget never.
I don't know if you get this in townhall meetings back home like I
do, Madam Speaker, but folks say: Rob, why can't you guys just work
this out? Why can't you get together, close the doors, work this out?
We have serious problems. You need to solve the serious problems.
Madam Speaker, I have got a President who is prioritizing balancing
the budget never, and I have got a House Budget Committee that is
prioritizing balancing the budget in the next 10 years. Those aren't
small differences. The differences could not get much larger.
I don't expect to sell everyone in this institution on the Budget
Committee's ideas for balancing this budget, Madam Speaker. I am not
going to get every vote in this Chamber. I am going to keep selling it,
but I am not going to get every vote in this Chamber. I recognize that.
What I am going to prioritize is selling folks in this Chamber on the
fact that if we choose to borrow money, we are either taking it from
the next generation's benefits, or we are taking it from the next
generation's tax bill.
The bill is going to come due. These deficits that the President
proposes are going to come due. These deficits that we have already run
are going to come due. It's either a benefit cut for the next
generation or a tax increase for the next generation. There is no free
lunch.
Now, I don't purport to have all the answers, Madam Speaker, though
we have got a pretty good blueprint here. What I do propose, though, is
that we are going to be closer to finding the answers if we bring all
of the ideas together.
I see my friends from the Rules Committee sitting here in the corner
tonight, Madam Speaker. They have been upstairs grinding through the
paperwork. It was a little more complicated rule tonight than it
ordinarily is because we took every single idea that any Member of this
Chamber had about balancing the budget. If you wanted to write your
budget, it is made in order for debate this week, budget week.
I don't know which budget is going to win, Madam Speaker, though I
have my preferences. What I do know is that if you are in the solutions
business, you had your shot this week. If you are in the solutions
business, you had a chance to put your money where your mouth is,
literally, your money, all of our money, all taxpayer money, these
budgets together, in a document.
We are going to debate some doozies this week. We are going to debate
some budgets that purport cutting spending virtually in half, and we
are going to debate some budgets that virtually double taxation in this
country. We will see where those chips fall.
Madam Speaker, that didn't sound like the exciting thing that it is.
That is what is so interesting to me about the work that goes on.
Everybody is out in front of the cameras all day long, every day,
talking about the issues that the pundits want to talk about.
What our reading clerk just did here, in 15 uneventful seconds, is
set into motion the most open, the most comprehensive, the most
optimistic week of public policy debate this institution will see in
2015. I am honored to be just a small part of that.
Madam Speaker, I yield back the balance of my time.
____________________