1:35:21 to 1:35:41( Edit History Discussion )

Ron Klein: american taxpayer. and with that, i'd yield back to my colleague from florida. mr. klein: i thank the gentleman. i think you've summed it up exactly right. and that is, the american people want answers. they want to make sure this doesn't happen again. it's unacceptable for there to be cycles where this happens and you clean up and it happens again.

1:35:42 to 1:36:03( Edit History Discussion )

Ron Klein: i mean, this is, you know, a very significant time for everyone. and the challenge is great. and so we are going to have to focus on it and if i can, i'll just spend one last minute refereing the fact that we're now moving into the conversation about our budget for next year. but talking about the kinds of things the american people are looking for, it's transparency and openness when we have a budget.

1:36:25 to 1:36:46( Edit History Discussion )

Ron Klein: to be when you have an emergency. god forbid you have a katrina or something like that that you didn't plan for. the war was ere, it should have been planned for and accounted for. when you talk about a balanced budget and here today, we're fi deficit people. we're deaf he sit hawks. we believe in -- we're deficit hawks. we believe in it. the republicans didn't do it,

1:37:08 to 1:37:29( Edit History Discussion )

Ron Klein: people. they understand the process of building a budget. they do it for themselves every day. and i look forward to the opportunity of working with republicans, or maybe differences of opinions in priorities. i happen to believe that education and health care and energy, making this country energy independent is a very forward-thinking way of addressing the next generation

1:37:36 to 1:37:51( Edit History Discussion )

John Yarmuth: all the debts, all the possibilities, all the opportunities to buila stronger country. i'll turn it back over to the gentleman from kentucky.?b

1:37:52 to 1:38:12( Edit History Discussion )

Stephen Cohen: >> we only have a couple of minutes left. i think this conversation has been a good one and i'm glad that they joined us for it. i yield briefly to my colleague from memphis. >> i just join with my colleagues in saying how good it is to have the opportunity to clean up this mess.

1:38:13 to 1:38:20( Edit History Discussion )

Stephen Cohen: president bush is to be commended for saying he hope this is president succeeds he puts his country before his party.

1:39:06 to 1:39:27( Edit History Discussion )

Bruce Braley: doing janitorial work putting myself through college and law school. i'm excited to be here at this point in t we need bright, creative people with critical thinking skills and together we'll solve this problem. >> i thank my colleagues. i look forward to our conversations next week, next wednesday, and as we go through the year it's a great honor for

1:39:40 to 1:40:01( Edit History Discussion )

balance of my time. the speaker pro tempore: under the speaker's announced policy of january 6, 2009, the chair recognizes the gentleman from pennsylvania -- missouri, excuse me. i couldn't tell which microphone you were going to.

1:40:23 to 1:40:44( Edit History Discussion )

it should be interesting, but joining us first off this evening is my good friend, congressman pitts, who hails from pennsylvania and has come up with quite a barrage of different colorful charts here. i don't know if it looks like somebody's -- some part of a

1:41:29 to 1:41:49( Edit History Discussion )

Joseph R. Pitts: to help explain some of the facts. and i think the overall emphasis is that there are economic consequences to what we do and what we say here in congress. there are economic consequences to our taxation and spending, our budget policies. and i'd just like

1:42:12 to 1:42:22( Edit History Discussion )

Joseph R. Pitts: -- that is the control of congress is in both house and senate is republican. you have here and here in these years republican control.

1:42:46 to 1:43:07( Edit History Discussion )

W. Todd Akin: here from 1977 to 2009. and at the bottom, you can see president carter, here, from 1977 to 1981. then reagan. and these white dash marks show president. >> just reclaiming my time a second, i think what you're

1:43:26 to 1:43:36( Edit History Discussion )

Joseph R. Pitts: democrats in the other. you've got a whole timeline close to 20 years or so.

1:43:37 to 1:43:59( Edit History Discussion )

Joseph R. Pitts: go ahead, proceed. mr. pitts: if you look at how the market reacts, the dow jones in yellow, it's going along nicely until it hits the red section then it moves sharply up. you have a divided legislature and to be fair, you had the dot com collapse and 9/11 as well as

1:44:16 to 1:44:36( Edit History Discussion )

Joseph R. Pitts: this is stock market advice you're offering today. what you're saying is, if you see the republicans in charge of the house and senate, go buy some stocks. is that what you're trying to tell us? mr. pitts: i'm saying markets react to rhetoric. on again, off again tax cuts, rhetoric about tax increases affect the market dramatically

1:44:42 to 1:45:02( Edit History Discussion )

Joseph R. Pitts: this second chart is unemployment, which is sort of a mirror image in the strong periods and in the weak periods with the recessions. the second charts are deficit and job growth.

1:45:24 to 1:45:45( Edit History Discussion )

W. Todd Akin: mr. akin: reclaiming my time. that little yellow line is so close to the edge that my first time i saw that, i just about missed what you're saying. this is absolutely, this looks like some sort of science fiction thing. let's go through it. if you add up the yellow bars between those two sets of dotted

1:45:46 to 1:46:06( Edit History Discussion )

W. Todd Akin: lines which represents the eight years of the bush years. mr. pitts: that's correct, from here to here. mr. akin: and president bush was being beat up because the republican were spending too much money. was that true? mr. pitts: i remember when they were attacking him for $250 billion deficits.

1:46:29 to 1:46:50( Edit History Discussion )

W. Todd Akin: eight years, the previous eight years combined. mr. akin: more than all eight years of bush? you add all eigh you're saying in this year, is this 2009? you're saying in 2009, we have more deficit we've wracked than all eight years of the bush? mr. pitts: that's correct. i could have really scared you

1:47:12 to 1:47:32( Edit History Discussion )

Thomas Rooney: mr. rooney: thank you, sir. i appreciate the chart first and foremost because what i wanted to jump in and tell you, as we've been joined by some children in the chamber and you know, this past weekend, i had the opportunity to go camping with my kids in central florida and it all sort of dawned one

1:47:33 to 1:47:55( Edit History Discussion )

Thomas Rooney: and hit me at once as we are now referred to as the party of no. when you see a chart like this and you see what these children are about to face and what my three young sons who are 7, 5, and 2 are about to face, why we are the party of no. we heard recently from the other side as they were here, how

1:48:20 to 1:48:41( Edit History Discussion )

Thomas Rooney: allow -- translate to them a america that's better than we inherited. we are on the cusp, as one of my friends in florida likes to say, of being the first generation of americans that leaves to their children an america that's worse off than what we received. that's all on us. so we can sit here all day and talk about how outraged we are

1:49:05 to 1:49:25( Edit History Discussion )

W. Todd Akin: mr. akin: reclaiming for a minute, do you know what just occurred today made it obvious why we need to be saying no to that big porkulous bill. it had, as we knew it would be, all these little things hidden in it. we'll be talking about some of the things hidden in it that were announced on abc news

1:49:31 to 1:49:54( Edit History Discussion )

Bill Cassidy: number of doctors in the congress and the goo cassidy from louisiana. i yield time to dr. cassidy. mr. cassidy: thank you. as you're talking about this, two thin you mention how taxes have the ability to create uncertainty. now, if we just take this not from the

1:49:55 to 1:50:16( Edit History Discussion )

Bill Cassidy: it down to a family, in louisiana they are taxing, this new budget is going to tax oil and gas exploration. 90% of ail and gas is done by not exxonmobil but small wildcatters if you will. these folks eloy about 320,000 people in my state in petrochemical. these are great jobs.

1:50:39 to 1:50:50( Edit History Discussion )

Bill Cassidy: we want to create good jobs for working folk with good benefits. help the uninsured. but at the same time, we're penalizing a domestic energ

1:51:35 to 1:51:45( Edit History Discussion )

Joseph R. Pitts: we should be doing what we're supposed to do in a more frugal way a more efficient way. and yet the new administration is proposing vast new proposals

1:52:29 to 1:52:40( Edit History Discussion )

W. Todd Akin: and the average is $3,000 per household. when you see that big yellow line, that isn't just a big line on a graph. we're talking about families in america and all of our

1:53:26 to 1:53:47( Edit History Discussion )

Joseph R. Pitts: federal programs and an expansion of 73 existing programs. massive government spending. that's what's reflected in this. could i just point one other thing snou mr. akin: certainly. pitts pitts there's a good lessen -- mr. pitts: there's a good lesson in here. you see these four years when the republicans controlled the house and senate, speaker gingrich was here, i served on

1:54:07 to 1:54:29( Edit History Discussion )

Joseph R. Pitts: real bipartisanship works. wanting us to come in at the last minute and vote for something without having any bipartisanship and creating -- in creating the bill, in crafting the bill at first, that will not work. real bipartisanship is good for the country. not calling us in, trying to buy out three votes at the end

1:55:15 to 1:55:35( Edit History Discussion )

Thomas Rooney: we have to endure. i just want to expand a little bit on what the gentleman was talking about with regard to the $250,000. on top of what you're talking about with cap and trade or cap and tax as some people like to call it, with the people who are going to have to pay the $3,000 per household to afford