I thank the gentleman for yielding. Madam Speaker, we are here today because the Speaker of the House has declared us in emergency session. There's a national emergency. Apparently, Congress has not spent enough money, notwithstanding the fact that we passed the $1.2 trillion stimulus bill, the $410 billion '09 omnibus bill, the House-passed $871 billion cap-and-trade bill, the $2.6 trillion government takeover of health care bill, and the 2010 omnibus bill rang in at $445 billion. But there's a national emergency. We're not spending enough money. Let's spend $26.1 billion more. Madam Speaker, the American people are asking: What part of broke doesn't this Congress understand? We are already looking at our second year of trillion-dollar deficits, the largest debt in the history of our Nation as a percentage of our economy, largest since World War II. What part of broke doesn't Congress understand? Now, many of us have lost track here, Madam Speaker. I don't know if this is stimulus bill part three or bailout bill part four. There's been so many of them, it's simply hard to keep track of. What have all the stimulus bills brought us? Well, an additional loss of 3 million jobs, private sector jobs lost, since we passed this stimulus bill. Yet, my friends on the other side of the aisle call it a success. Madam Speaker, let's hope that this stimulus bill is not near as successful as the previous one. And here we have yet another bailout bill.…
Share & report
More from Jeb Hensarling
Mr. Speaker, I yield 1 minute to the gentlewoman from Missouri (Mrs. Wagner), the chair of our Oversight and Investigations Subcommittee, also the lead sponsor of an important provision in this package of bills, H.R. 5970, the Modernizing…
Mr. Speaker, I yield myself the balance of my time. Indeed, Mr. Speaker, some would say the ranking member and I can't agree even on the time of day. I was told when this debate started that thunderstorms came over Washington, D.C., it was…
Mr. Speaker, I yield 1 minute to the gentleman from Texas (Mr. Williams), the vice chairman of the Financial Services Subcommittee on Monetary Policy and Trade.
Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from New Jersey (Mr. MacArthur), who is also the author of the legislation for the reauthorization bill before us. Mr. MacARTHUR. Mr. Speaker, I spent about 30 years in the insurance…





