U.S. Rep. Jim McGovern: GOP sham bill changes rules of budgeting, rather than deal with jobs and the economy
Washington, DC,
February 8, 2012
Tags:
Economy and Jobs
U.S. Representative James P. McGovern Statement on Rule for H.R. 3581 February 7, 2012 I thank the gentleman from Georgia for yielding me the customary 30 minutes. I ask unanimous consent to revise and extend my remarks and I yield myself such time as I may consume. Let me begin by urging a no vote on this rule - which is not open - and a no vote on the underlying bill. The bill before us does nothing to improve the quality of life for any American. It doesn't create a single job. It is going nowhere in the United States Senate. In short, we're wasting out time. M. Speaker, I cannot stress this enough: Congress must keep our focus on the most important priority facing the American people -- and that's jobs. Jobs. Jobs. Jobs. Democrats may sound like a broken record, but that's because we know that the core issue of our time is the economy and jobs - we need to do more to make sure America's businesses get back on track and that the American people are in a position to succeed when these businesses start hiring. Now, we had some good news last week. The unemployment rate decreased for the fifth month in a row, falling to 8.3%. At the same time, we've had five straight months of job creation and we're in the 23rd consecutive month of private sector growth. The economy looks like its rebounding and, if this trend holds, that's a good thing. But while private employers added 257,000 in January, there was a loss of 14,000 government jobs - including 11,000 local government jobs. Now before my friends on the other side of the aisle stand up and shout about reducing the size of government, we need to ask ourselves -- what are local government jobs? Well, M. Speaker, these are cops, firefighters, teachers, librarians, and trash collectors. These are not faceless bureaucrats; they are people who make our lives safer, better and cleaner every day. And they are our neighbors, friends, and family members. Despite the relatively good news about the improving economy, we are clearly not where we need to be. Payroll employment is still 5.6 million jobs short of where it was at the beginning of the Great Recession in December 2007. There are four jobless workers for every job opening and long-term unemployment is still at historic high levels. It's clear that this rebound, as slow and painstaking as it is, is taking place in spite of House Republicans and their policies, not because of them. In fact, I believe actions taken and policies voted on by this House have slowed down this economy and prevented a faster and more robust recovery. For example, Congressional Republicans should be doing all they can do to prevent a tax increase on middle class Americans. Congressional Republicans should be doing all they can to extend unemployment insurance for people who are unemployed at no fault of their own. Yet they continue to drag their feet on this legislation and, in fact, continue to bicker among themselves about the need to extend these programs. M. Speaker, we're one week into February, more than one month into the new year, more than 13 months into this new Republican-controlled House and we have yet to see one meaningful jobs bill. No wonder Congress' approval rating is at historic lows. And instead of bringing legislation to the floor that would help the economy - like a clean extension of the payroll tax and unemployment insurance - the GOP would rather bring up misguided budget bills that simply attempt to rig the budget rules so they can score cheap political points. House Republicans are simply trying to change the rules of the game to benefit their own point of view. This bill today, the so-called Budget and Accounting Transparency Act is another sham bill in the Republican leadership's quest to change the rules of budgeting. This may seem like -inside baseball- to some, but it really is something quite extraordinary. Simply, the Republicans, with this bill, are attempting to artificially inflate the cost of federal credit programs. They do so by changing the way government credit programs are calculated. The federal budget is supposed to count the amount of money that is spent and the revenue received. If there is more money coming in than going out, it's a surplus. The opposite is a deficit. What the Republican leadership is trying to do with this bill is to recalculate the way these credit programs are scored, or counted, in the budget process - automatically making them more expensive. They do so by treating government credit programs in a similar way to private credit programs, even though they are treated differently by the markets. On top of changing the way these credit programs are scored, it's important to point out that this bill doesn't apply to all federal programs. In other words, we would have one set of scoring rules for one set of federal programs and another one just for federal credit programs. That makes no sense. If some of these recent budget bills are any indication, the House Republican leadership cares more about rigging the budget process just to dismantle the federal safety net instead of actually working to reduce the deficit and, at the same time, spur job creation. I urge my colleagues to vote ‘no' on this rule and the underlying bill and to put our focus back where it belongs - creating a stronger economy for the American people. I reserve the balance of my time. |