House Proceeding 02-26-09 on Feb 26th, 2009 :: 0:29:05 to 0:32:55
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0:29:01 to 0:29:23( Edit History Discussion )

Frank R. Wolf: support the immration oversight and fairness act. i yield back the balance of my time. the speaker pro tempore: thank you. the chair recognizes mr. poe from texas. for what purpose does the gentleman from virginia rise? mr. wolf: to address the house. the speaker pro tempore: w

0:29:05 to 0:32:55( Edit History Discussion )
Speech By: Frank R. Wolf

0:29:24 to 0:29:44( Edit History Discussion )

Frank R. Wolf: mr. wolf: thank you, mr. speaker. today the president released his budget request which projects a $1.8 trillion deficit this year. and $533 billion deficit for 2013. yet the congressional budget office ran a deficit projection using a baseline which assumed

0:29:45 to 0:30:07( Edit History Discussion )

Frank R. Wolf: the policies in the president's budget request contends that f.y. 2013 deficit will staggering president obama's pledge of cutting the deficit in half is important, but it will still be at record levels. in this morning's "washington post," the president of the baret committee for responsible federal budget, said she would

0:30:08 to 0:30:29( Edit History Discussion )

Frank R. Wolf: like to see them, the obama administration, go much further in terms of fiscal responsibility in actually closing the deficit gap. more to the point, the budget analyst for the heritage foundation says, quote, it is easy to cut the deficit in half after you have quadrupled it. today's "politico" features an

0:30:30 to 0:30:51( Edit History Discussion )

Frank R. Wolf: article entitled arguments lost in blizzard to billions, which contends, i agree, that congress is so desensitizeto numbers that quote, a billion here a. billion there, pretty soon you're talking about well -- pretty soon no one has a clue what they are talking about. have we forgotten we have over $56 trillion in unfunded obligations through social

0:30:52 to 0:31:13( Edit History Discussion )

Frank R. Wolf: security, medicare, and medicaid already saddled on the backs of our children and grandchildren? $11 trillion of debt? do elected officials know that standard an poor investments predicts the loss of america's triple-a b 2012? when secretary state clinton was in beijing last week, she asked the chinese who now hold the

0:31:14 to 0:31:35( Edit History Discussion )

Frank R. Wolf: paper of about one in every 10 american dollars to keep buying our debt. i never thought i would see the day when the united states was forced to hold a tin cup in china mortgaging the future for our children and grandchildren to some of the worst human rights violators in the world. we are in a crisis today. main street is suffering. americans everywhere understand

0:31:36 to 0:31:57( Edit History Discussion )

Frank R. Wolf: that our country's in serious trouble. we are sinking. it is on this congress 111th congress is doing nothing. confidence, the definition of confidence accding to webster's dictionary is, quote, the faith or belief that one will act in a right manner or effective way. at being the key word.

0:31:58 to 0:32:18( Edit History Discussion )

Frank R. Wolf: americans are under the belief that elected officials will work together to solve the nation's most pressing problem. but if congress is paralyzed by partisan bickering, what happens to the word act? entitlement spending, massive debt we are leaving to our children and grand. our pressing issues of economic and moral, this is a moral

0:32:19 to 0:32:39( Edit History Discussion )

Frank R. Wolf: issue. the 10 commandment says thou shall not steal this. generation is stealing from the next generation. every day the canyon of debt widens and deepens, yet elected leaders, many hiding behind the mentor of regular order, seem to think the problem will magically go away. the fact is congressmen give

0:32:40 to 0:32:56( Edit History Discussion )

Frank R. Wolf: speeches i'm for this, aim concerned. but let's go through regular order. when it goes through regular order and it goes through the budget committee, when it goes through regular order and it goes through the ways and means committee, it is dead. this ways and means cmittee