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Public Statements

Concurrent Resolution on the Budget for Fiscal Year 2014

Floor Speech

Location: Washington, DC


Ms. WATERS. Mr. Chairman, as a member of the Congressional Black Caucus, I am so very, very proud to be here in support of the Congressional Black Caucus budget. This is a budget with a centerpiece: Job creation. This is a budget that is balanced. This is a budget that is in opposition to the Ryan budget that would slash and burn and cut and deny our senior citizens, deny our children, do away with Head Start and many programs that the American people deserve to have.

I am a member of the Financial Services Committee, now serving as a ranking member. I created the Neighborhood Stabilization Program. The Neighborhood Stabilization Program is a program that goes into communities that have been devastated by foreclosures based on the subprime meltdown that we had in this country, where so many people were tricked into signing onto loans and mortgages they could not afford. Thus, they went into foreclosure. These communities have been devastated with boarded-up homes, with stray animals on the property, with police and fire having to spend more money in these cities to try and upkeep them. The Ryan budget would do away with the Neighborhood Stabilization Program.

The home values must be maintained in these communities. Some people are trying to keep up their homes, but with these boarded-up properties, the value of the homes go down. The Neighborhood Stabilization Program is a project that would revitalize the properties and put them back on the market as affordable homes. Instead of doing away with this program that helps to keep the value of our American citizens' homes, we protect it. The Ryan budget would do away with it.

Thank the CBC for understanding how to protect our neighborhoods, how to protect our consumers and our citizens, and how to make our neighborhoods safe, despite the fact that we almost went into a depression based on the financial services meltdown.


Ms. WATERS. I want to thank Mr. Ellison and Mr. Grijalva for their leadership with the Congressional Progressive Caucus.

I rise in support of the Back to Work budget. Let me just say it again--back to work. This is what this budget is all about, ladies and gentlemen--investment in our infrastructure. We have bridges that are falling apart, streets that need repair, water systems that need upgrading. We can create jobs. The Republicans and the Ryan budget talk about jobs. They talk the talk, but they don't walk the walk.

I tried to get an amendment on the TIGER program, which would increase the funding for jobs in transportation that we need so badly. They rejected that. They rejected that because they're focused on making sure that they give tax cuts to the richest people in this country, making sure that they keep those tax loopholes for the privileged--not investing in America's future and in America's growth.

The people are expecting us to make them their priority, to make sure that we are investing in opportunities for them, their families, their children, and their neighborhoods. No, the Ryan budget pays no attention to any of that. These privileged people on the other side of the aisle, who don't have to worry about jobs and who don't have to worry about any of that, deny the people the right to just participate.


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