[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6379]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            CREDIBILITY GAP

  (Mr. BOEHNER asked and was given permission to address the House for 
1 minute.)
  Mr. BOEHNER. Mr. Speaker, we are seeing a growing credibility gap 
here in Washington. Democrats are saying one thing and doing something 
else. It started with the trillion dollar stimulus plan that was rushed 
through with promises that it would create jobs immediately and keep 
unemployment below 8 percent. Today unemployment is near 10 percent, 
and Americans are still asking, ``Where are the jobs?'' Americans were 
also promised a war on deficits, but all that's happened is we have 
piled more debt on the backs of our kids and grandkids.
  Then we have the trillion dollar government takeover of health care 
that was forced through with promises that it would lower costs. But it 
turns out the new law will actually increase costs for taxpayers and 
patients. This comes from an analysis by the Obama administration's 
Centers for Medicare and Medicaid Services. CMS determined that the new 
law will increase what the Nation spends on health care over the next 
10 years by $311 billion. The President claimed that this government 
takeover of health care was the single most important thing that we can 
do to address our deficits. But now it turns out it is just going to 
make matters worse.
  Just think about that credibility gap when you see the majority 
insist on rushing through a job-killing regulatory bill with promises 
that it will end Wall Street bailouts. The bill doesn't end Wall Street 
bailouts; it makes them permanent and institutionalizes ``too big to 
fail.'' This bill doesn't get the government out of the private sector; 
it creates a Politburo-style council of regulators who can seize any 
business and do almost anything they want to do with it. And the bill 
doesn't address the real reasons for the financial meltdown. It gives a 
free ride to Fannie Mae and Freddie Mac, the government mortgage 
companies that started this crisis.
  Americans were promised a new Washington. Instead, it's just more of 
the same: more spending, more government, and more empty promises. I 
think it's time we start listening to the American people. Let's work 
together on commonsense solutions to end the bailouts, reform Fannie 
Mae and Freddie Mac, and hold Wall Street accountable. Let's work 
together to repeal this government takeover of health care and replace 
it with commonsense reforms that will lower the cost of health care. 
Let's work to ban earmarks and stop out-of-control spending. And most 
importantly, let's work on commonsense solutions that will help small 
businesses create the kind of jobs that Americans are looking for.

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