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| HR 70 PAYGO Reinstatement Act | |
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| Tweet Topic Started: 14 Jun 2013, 11:20 AM (526 Views) | |
| Heather Holson | 14 Jun 2013, 11:20 AM Post #1 |
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48 hours for debate
Edited by Heather Holson, 16 Jun 2013, 01:37 PM.
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| Edward Kensington | 14 Jun 2013, 02:54 PM Post #21 |
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Madame Speaker, Tax and spend liberals? Were Reagan and Bush tax and spend liberals? I suppose so. I've voted for every single efficient spending legislation introduced in this House. My voting record is clear. I just don't think it's a good time to handcuff ourselves. The Constitution of these United States states loud and clear that Congress reserves the authority, when needed, to borrow as a means of financing investments deemed essential to our collective well-being. |
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| Landry | 14 Jun 2013, 02:59 PM Post #22 |
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Winter is Coming to the Red States
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Madam Speaker, I move to strike Section 3 in its entirety, and replace it as follows:
If we are offsetting the costs of this bill, let's have the offsets make logical sense, rather than have them be some inane targeting of our country's students. I yield. Edited by Landry, 14 Jun 2013, 02:59 PM.
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| peter | 14 Jun 2013, 03:02 PM Post #23 |
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Lucas for President: Take Back America!
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Madam Speaker As the costs of the Bill are minimal, I am fairly apathetic about where the money comes from, as long as it doesn't go on the deficit. We should start as we mean to go on. However, I chose that particular programs as there are several other sources of federal funding for doctoral dissertations, which is why the HUD program has been recommended in the past for elimination. I yield. |
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| Edward Kensington | 14 Jun 2013, 03:43 PM Post #24 |
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Madame Speaker, I will add that most of our deficit can be attributed to the economy performing below potential and the automatic spending (SSI Disability, Unemployment Insurance, Medicaid, Food Stamps, Section 8 HUD and WIC) which results from an underperforming economy. Those programs, which are known as "automatic stabilizers," will increase on their own as the need and demand for them increases in line with joblessness and economic malaise. PAYGO does nothing to address that issue and neither does it address or touch on the long term need of reforming and restructuring SSI and Medicare. Edited by Edward Kensington, 14 Jun 2013, 03:44 PM.
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| Edward Kensington | 14 Jun 2013, 03:49 PM Post #25 |
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Madame Speaker, PAYGO is also ineffective from the perspective of tax reform. The Congressional Budget Office uses "static analysis" when determining how a tax reform bill or measure will affect our underlying fiscal situation. The problem with "static analysis" is that such an approach does not take into account changes in economic behavior. For ex., reductions in the capital gains tax have translated into more revenue being collected instead of less because investors tend to trade more and invest more when the tax rate is lowered. The same can be said for other tax reform and reduction measures as well as growth-oriented spending measures on infrastructure and federal research. Edited by Edward Kensington, 14 Jun 2013, 03:50 PM.
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| AK3 | 14 Jun 2013, 07:11 PM Post #26 |
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Mr. Speaker, The minority says we have a deficit that we need to trim.... well the simple solution is cutting the very tax-loopholes they propose and support. If we get rid of these, we could easily pay off the debt and not potentially hurt the United States such as this piece of legislation would do. I yield |
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| AK3 | 14 Jun 2013, 07:11 PM Post #27 |
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Mr. Speaker, I should have done this last time I spoke, but I guess it just slipped my mind. I move to table and recommit. I yield |
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| peter | 14 Jun 2013, 07:30 PM Post #28 |
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Lucas for President: Take Back America!
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Madam Speaker Its always the same story isn't it. If the sponsor's name doesn't have a "D" after it, a motion to table is inevitable. Its time I think that the majority party learned what the word they use as their party's name actually means. I yield. |
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| Brenninger | 14 Jun 2013, 07:32 PM Post #29 |
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#Swaggy
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Madame Speaker, I second the motion put forth by my colleague from Vermont. I yield |
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| Landry | 14 Jun 2013, 07:33 PM Post #30 |
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Winter is Coming to the Red States
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Madam Speaker, I oppose the motion to table; this bill deserves a recorded vote. I yield. |
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| Matt Urbana | 14 Jun 2013, 07:36 PM Post #31 |
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Madam Speaker, The gentleman would argue that our deficit is a result of poor economic performance. Why is it, then, that as the economy slowly but surely recovers, the deficit shows no signs of improving? In short, because of the "spend now, tax later" attitude of those in the gentleman's party. It's high time that we get this out of control spending under control, Madam Speaker. I yield. |
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| Landry | 14 Jun 2013, 09:38 PM Post #32 |
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Winter is Coming to the Red States
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Madam Speaker, To correct a misconception, our deficit is in fact improving; just this afternoon, the President signed into law a budget that passed this House and the other Chamber with bipartisan support that reduced the deficit by 16%. We can argue all we want about this legislation, but let's not pretend that our deficit is going unaddressed. I yield. |
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| Edward Kensington | 14 Jun 2013, 09:56 PM Post #33 |
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Madame Speaker, The issue here is poor economic performance. Indeed, we, the majority party, have done more to reduce the deficit than analysts had figured we were willing or able to do. We have shown that we are committed to moving our books toward balance as long as the economy remains accommodative for us to do so. We are not, however, so willing to send our economy off a cliff. Did the Republicans learn nothing from the Herbert Hoover Austerity and the Great-Depression? Here was a 2010 Projection: ![]() Edited by Edward Kensington, 14 Jun 2013, 11:47 PM.
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| Matt Urbana | 14 Jun 2013, 11:14 PM Post #34 |
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Madam Speaker, Despite all the claims made by the Majority Party, the fact remains that through the last six years into the Majority's control of the presidency we have seen a ballooning national debt and no serious attempts to reign in spending. Madam Speaker, we desperately need to do something about our out of control spending, and PAYGO will drastically help that effort. I yield. |
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| Heather Holson | 14 Jun 2013, 11:18 PM Post #35 |
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The motion to table is recognized and seconded. 24 hours for voting. |
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| Landry | 14 Jun 2013, 11:19 PM Post #36 |
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Winter is Coming to the Red States
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Nay to table |
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| AK3 | 14 Jun 2013, 11:20 PM Post #37 |
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Aye to table. |
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| Heather Holson | 14 Jun 2013, 11:23 PM Post #38 |
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Nay to Table |
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| Matt Urbana | 14 Jun 2013, 11:25 PM Post #39 |
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Nay to table. |
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| Edward Kensington | 14 Jun 2013, 11:50 PM Post #40 |
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Madame Speaker, Why, pray tell, was the opposition so willing to throw PAYGO down the drain after Bush was elected to the White House? The Republicans have no problem running massive and unsustainable deficits as long as a fellow Republican is sitting in the Oval Office. The Republicans either like telling lies to themselves or telling lies to the nation.
Edited by Edward Kensington, 14 Jun 2013, 11:55 PM.
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