House Proceeding 12-10-09 on Dec 10th, 2009 :: 0:49:55 to 0:53:40
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0:49:53 to 0:50:14( Edit History Discussion )

Jo Ann Emerson: than catching up, i would say. i would now yield three minutes to the gentlewoman from missouri. >> thank you, i'd like to address the financial services of the omnibus and first want to commend chairm efforts in crafting the bill. it's been a pleasure to work with him and while we don't

0:49:55 to 0:53:40( Edit History Discussion )
Speech By: Jo Ann Emerson

0:50:15 to 0:50:35( Edit History Discussion )

Jo Ann Emerson: always agree, he has at open to listening to the minority's idea. while i appreciate chairman serrano's efforts, i've got a lot of concern with the financial services division and so -- in so far as it's a 7% increase over fiscal year 2009 or $24 this is very, very general rowls.

0:50:36 to 0:50:57( Edit History Discussion )

Jo Ann Emerson: and i believe that the resource requirements of the agencies funded in this bill can be met with a smaller allocation, particularly given the government's financial situation. however, with the allocation provided to mr. serrano, he's done a good jo the funding in the bill and i'm grateful for efforts to provide increases to critical programs suchs e financial crimes

0:50:58 to 0:51:19( Edit History Discussion )

Jo Ann Emerson: enforcement network, treasury terrorism and financial intelligence program, drug free communities and high intensity drug trafficking areas. i'm also pleased that the bill provides $75 million for d.c. education programs including $42 million to d.c. p and i'm happy to some extent that the bill doesn't totally

0:51:20 to 0:51:41( Edit History Discussion )

Jo Ann Emerson: eliminate the opportunity scholarships program but i must say i'm very disappointed that the program is limited to students currently enrolled in the program. my own daughter teaches in the d.c. public schools so i know firsthand how these schools are failing the city's children. and i ask how we can possibly limit educational opportunities for low income students when we

0:51:42 to 0:52:03( Edit History Discussion )

Jo Ann Emerson: know the public school system is underperforming. another area of the bill that department deeply concerns me is controversial changes to long-standing general provisions regarding abortion and medical marijuana in the district of columbia. we heard mr. tiahrt address that a little while ago. and let me then lastly discuss an issue that is not directly related to this bill but it i

0:52:04 to 0:52:24( Edit History Discussion )

Jo Ann Emerson: related to the depament of the treasury which is part of our bill and it is the administration of tarp. the tarp has eatly expanded the federal governnt's reach into the private sector not by purchasing troubled assets as was its original purpose but by purchasing common shares of banks, owning large auto

0:52:25 to 0:52:46( Edit History Discussion )

Jo Ann Emerson: companies and subsidizing home mortgages. today many democrats, including the president and secretary of the treasury, are discussing using tarp funds to pay for yet anoter stimulus bill when the first stimulus bill has already been a failure. unemployment is at 10%, only 12% o the stimulus bill has been spent, yet our friends on the

0:52:47 to 0:53:09( Edit History Discussion )

Jo Ann Emerson: other side of the aisle plan to shove through yet more government spending under the guise of job creation that's going to do more harm than good and we're going to offset it with surplus tarp funding. well, the tarp funding was never supposed to be used again and again and again. our natio trillion and the fiscal year

0:53:10 to 0:53:30( Edit History Discussion )

Jo Ann Emerson: 2010 deficit is projected to be members are going to be asked to increase debt limits, we cannot sustain this level of spendi tarp savings must be used for debt reduction and i yield back the balance of my time. the speaker pro tempore: the g the gentleman massachusetts. mr. olver: how much time remains

0:53:31 to 0:53:40( Edit History Discussion )

Jo Ann Emerson: on each side? the speaker pro tempore: the gentleman from has 13 minutes remaining. minutes remaining. the gentleman from iowa has nine minutes remaining.