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President Obama's Budget Spends Too Much, Taxes Too Much, and Borrows Too Much

Floor Speech

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Date:
Location: Washington, DC


PRESIDENT OBAMA'S BUDGET SPENDS TOO MUCH, TAXES TOO MUCH, AND BORROWS TOO MUCH -- (House of Representatives - March 16, 2009)

Mr. BROUN of Georgia. I thank the gentlelady.

I just came from a meeting where I heard some very interesting information about this taxing, this cap and tax, as we are calling it. The Democrats call it cap and trade.

But there is a video called ``Apocalypse? No!'' This was Christopher Lord, Christopher Monckton, one of the greatest outspoken people in this world, about how the global warming is just totally a farce, and he was talking about how it was going to hurt the poorest of people, not only in the United States but in the world. He was begging for us, not as a Congress, as a government, for us to not put this cap and tax policy in place, because what it's going to do is it's going to put people out of work, it's going to lock them into a welfare state, which is going to hurt everybody's pocketbook long term. It's going to hurt small business, it's going to hurt the economy of not only the United States, but the world.

And he was begging us not to pass a cap and tax policy here in the United States and was saying that we in America need to do the right things. He was showing us graphs, and the lies, actually, that are being put out by a NASA scientist by the name of Mr. Hanson and others who are promoting this, now they talk about climate change.

But Lord was saying in the last 7 years we have actually had global cooling, global cooling. So they have stopped talking about global warming because we have had global cooling for the last 7 years. And this was in the normal variability of climate going up and down over the years.

And he was pointing out that sun spots, sun activity actually has more to do with the temperature than the CO

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Mr. BROUN of Georgia. Thank you for yielding. In fact, you're exactly right. I think one point I really want to reiterate about this cap and tax or cap and trade issue--whose going to be hurt the worst? It's going to be the poor people in this country because groceries will go up, the cost of medications will go up so the elderly and the sick and the people who are on fixed incomes will have more to pay for their drugs.

It's going to hurt the poorest and the people who are in the least position to be able to take care of paying this higher tax. And this cap and tax is going to hurt everybody. But it's going to cost jobs. So that is going to make more people unemployed. Not only that, as the chart says, President Obama's budget spends too much, it taxes too much, it borrows too much. But it also hurts the poor too much.

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Mr. BROUN of Georgia. If the gentlelady will yield, down in my part of the country, down the in southeast, we had a couple of little hurricanes a few years back. Hurricane Katrina and Rita.

If you look at the Federal response and compare it to the private response, where FEMA came in. People are still living in trailer houses. The neighborhoods are still empty, businesses are still boarded. But where the private sector, churches, synagogues, and other private entities went in to help these people in need, communities are back functioning. People are back in their homes, they're back in their businesses. The communities are back functioning.

What that shows is that the private sector works a whole lot better than how the bureaucracy works when it has all of its encumbrances. How it crawls slowly and how it cannot really respond.

Now, we have an administration that wants to take money away from those entities that work the best to help people. I just don't understand it.

We have, as Republicans, we have solutions. We are not just the Party of ``No,'' as Ms. Foxx was saying. We have presented solution after solution after solution.

Unfortunately, on the Wall Street bailout, President Bush and his Democratic Treasury Secretary, Hank Paulson, wouldn't consider our proposals. Our proposals were to cut the capital gains tax. That would even bring a lot of money offshore into America and free up a lot of capital so banks could start loaning to banks again. Banks could loan to people again. We had other solutions that President Bush and Hank Paulson wouldn't consider.

Since then we have had proposal after proposal that this House, the Senate leadership, as well as President Obama will not consider anything that we bring forward, which, actually, every single solution that we bring forward will help small businesses, it will create jobs.

Just in Georgia, the proposal that we had on the stimulus would have created twice the number of jobs--73,000 new jobs above what the Democrats say that they hope to save or create, using their own rules.

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Mr. BROUN of Georgia. We would have created 73,000 more jobs in Georgia alone, under the Republican proposal, at half the cost. And we would not have borrowed any money at all. We would not have borrowed from our grandchildren like the stimulus bill or ``non-stimulus'' bill did.


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