Senate Proceeding on Feb 13th, 2009 :: 7:20:10 to 7:26:35
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7:20:07 to 7:20:29( Edit History Discussion )

John McCain: i'm proud of my colleagues who said i hope yet that it might fail. i yield the floor and balance of my time. the presiding officer: who yields time? the senator from arizona. mr. mccain: what's th bothw? sides? the presiding officer: the proponents. legislation have 3 1/2 minutes, the opponents have 8 1/2

7:20:10 to 7:26:35( Edit History Discussion )
Speech By: John McCain
Bill: H.R. 1: American Recovery and Reinvestment Act of 2009

7:20:30 to 7:20:50( Edit History Discussion )

John McCain: minutes. mr. mccain: what is the disposition of the senator from illinois on mr. durbin: i believe we have three minutes and a fee few seconds 0en this side, hughes that time -- mr. mccain: would you like to it until after me or mr. durbin: i defer to the senator from arizona. mr. mccain: i thank the senator from illinois. the presiding officer: the

7:20:51 to 7:21:11( Edit History Discussion )

John McCain: senator from arizona. mr. mccain: mr. president, we're obviously about to vote affirmatively on the legislation before us. i would like to say, i think the debate has beenood. i think it's been respectful. i congratulate the members on the other side of the aisle that

7:21:12 to 7:21:33( Edit History Discussion )

John McCain: have -- and the president -- for their success in achieving the timetable that they laid out for the passage of this legislation. i would point out that allegations that this is bipartisan piece of legislation are simply not acc

7:21:34 to 7:21:54( Edit History Discussion )

John McCain: three -- a total of members of the republicans -- three republicans in the entire congress -- will be voting for this bill. only three. that's not a bipartisan approach, by any measure. and i think there's some hard facts that we should not

7:21:55 to 7:22:17( Edit History Discussion )

John McCain: as we address -- as we dispose of this issue and move on to others. i'd like to remind my colleagues that the current national debt is 0.7 trillion. the 2 another .2 trillion. the cost of this legislation

7:22:18 to 7:22:39( Edit History Discussion )

John McCain: before us is that's 89 interest. the expected omnibus spending bill, which will be coming shortly, is billion. the expected supplemental requests for afghanistan and iraq will billion. we will be addressing appropriations bills for 2010,

7:22:40 to 7:23:03( Edit History Discussion )

John McCain: which will be over trillion. we have already spent -- are spending 00 billion on tarp 1 and 2, and estimatesccording to the media are that tar will be somewhere around .5 trillion. mr. president, we are on a

7:23:04 to 7:23:25( Edit History Discussion )

John McCain: spending spree of unprecedented and historical proportions. and we are committing what some of theft because we are lay debt grandchildren. now, my colleagues -- and the senator from illinois, who's been here constantly and argued his side, i think, extremely effectively, will

7:23:26 to 7:23:46( Edit History Discussion )

John McCain: point out that republicans did the same thing, and i a i agree. and republicans were punished in the last election for doing so. but what grieves me the most about this process we've been phrase by e speaker of the house, "we won; we wroalt the -- we wrote the

7:23:47 to 7:24:09( Edit History Discussion )

John McCain: now, i think i understand the lesson, and that's the process that it's been through wit republican involvement and without rep which i think are necessary to achieve the consensus that's necessary when we areddressing an issue of this magnitude.

7:24:10 to 7:24:30( Edit History Discussion )

John McCain: so, thi this has not been a bipartisan effort. the other side has -- wl emerger victorious in just -- will emerge victorious in just a few minutes. but we have to face additional challenges. i mentioned tarp 3, .5 trillion, the emergency expected war supplemental request -- all of these new challenges, not to

7:24:31 to 7:24:52( Edit History Discussion )

John McCain: mention our national security challenges and challenges. and i think i understand the message from the i think i understand it very well. and that message is that the american people don't want business as usual. they do want us to sit down together. we want to be in on the takeoff

7:24:53 to 7:25:14( Edit History Discussion )

John McCain: so that we can be in on the landing. we want to work together with the other side. and this is not the example that i think the american people want us to exercise, as we address the enormous challenges. we need a stimulus package. we need to address the war in afghanistan. we need to provide for the

7:25:15 to 7:25:36( Edit History Discussion )

John McCain: much-needed services that -- to provide to americans as revenues decline, as with a bad economy. so i end my remarks, mr. president, and yield back the balance of my time finally by saying again: congratulations to those who will succeed in passing this legislation.

7:25:37 to 7:25:57( Edit History Discussion )

John McCain: the next time -- the next time -- and it'll be soon because i understand that there will be an omnibus appropriations bill, tarp 3, others, let us sit down together and negotiate andork together and when we come out with a solution and legislation, we can tell the american people, we learned

7:25:58 to 7:26:18( Edit History Discussion )

John McCain: importantly, we reflect their wishes that we have worked together to address most difficult challenges of anyone's lifetime. mr. president, i yield the balance of my time. mr. durbin: the presiding officer: the senator from illinois. mr. durbin: i've listened carefully to the critics of this legislation. what would they have us do? they would have us do nothing. what they offer is one half of

7:26:19 to 7:26:35( Edit History Discussion )

Richard Durbin: this bill in the hopes that that might do it. we tried this. i would say to the critics of this bill, we tried their tax cuts last year underresident bush, and they didn't work. we tried their tarp under president bush, and it didn't work as well as we'd hoped. and now we're asking for a chance.