House Proceeding 01-26-10 on Jan 26th, 2010 :: 2:47:30 to 2:50:25
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2:47:27 to 2:47:49( Edit History Discussion )

Steve King: we've been joined by the gentleman from iowa, and i'd like to yield to mr. king for his comments about the balance budget amendment. mr. king: i thank the gentleman from virginia, mr. goodlatte, for leading on this special order tonight and for leading on fiscal responsibility here in the united states congress. this balanced budget amendment is something i'm proud to be an original co-sponsor of. i've done so every time that this has been offered since i've

2:47:30 to 2:50:25( Edit History Discussion )
Speech By: Steve King

2:47:50 to 2:48:10( Edit History Discussion )

Steve King: been here in congress and the dialogue that's here tonight adds so much to something that's been missing completely, i think, from the administration and from the white house. and we went from a point of republicans pushing towards a balanced budget in listening to the pay-go arguments of the blue dog democrats demagogue on the

2:48:11 to 2:48:33( Edit History Discussion )

Steve King: issue, i don't know where they've gone today, seems to me they've gone underground, i don't hear anything about them about balancing the budget anymore because they understand that in order to fund this kind of profligate spending that we have, this $1.4-plus trillion deficit created by this obama budget, that by their method we have to raise taxes dramatically.

2:48:34 to 2:48:54( Edit History Discussion )

Steve King: what i wanted to do is keep the taxes low, slow the growth in government and for years i said, slow the growth in government so that the economy can catch up. i'm now to this point where i say it the other way, is that i don't believe the economy can catch up with the spending that we have. i think we actually have to shrink government in order to get it back in line. this is going to be a very big task.

2:48:55 to 2:49:15( Edit History Discussion )

Steve King: it isn't going to happen under speaker pelosi's watch, it isn't going to happen -- or if president obama has a veto pen to control our spending in this congress, but we do have an obligation to advance as much as we can this constitutional amendment. we have an obligation to offer a balanced budget which we did this year, republican study committee balanced budget, that's something i had pushed

2:49:16 to 2:49:37( Edit History Discussion )

Steve King: for some time and we will have a balanced budget offered this year. so i just encourage all of my colleagues, madam speaker, and everybody in the united states of america to step up to this level of responsibility. if we can do it with our family check book we must do it with our government check book. if we fail to do so our economy will continue in this downward spiral. we've got to get our capital,

2:49:38 to 2:49:58( Edit History Discussion )

Steve King: our money, our spending back underneath this and realize that government cant grow us out of this economic problem that we are in. it's got to be the private sector and the private sector cannot continue to pay the taxes to service the interests in the debt of the deficit that we've been spending under this administration and i'd point out also that speaker pelosi took

2:49:59 to 2:50:19( Edit History Discussion )

Steve King: the gavel at the end of november elections in 2006, january of 2007, at that time we saw industrial investment go significantly -- capital investment and industry go significantly downward and i watched the members here and the freshmen from the other side tonight talk about how this was all bush's problem. well, if they're taking

2:50:20 to 2:50:26( Edit History Discussion )

Steve King: responsibility for it if it urns good, they have to take the responsibility for when speaker pelosi took the gavel.