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Congressional Record—Senate S4434 S4434 CONGRESSIONAL RECORD — SENATE June 25, 2012 we need a national solution that con- RESERVATION OF LEADER TIME you spend, the richer you get.’’ That tinues to secure the border, punishes The PRESIDING OFFICER. Under doesn’t meet the commonsense test in unscrupulous employers that exploit the previous order, the leadership time the Midwest of America. It was the ra- immigrants and undercut American is reserved. tionale behind President Obama’s mas- wages, improves our dysfunctional sive $800 billion stimulus bill. The bill legal immigration system, and requires f looked suspiciously like a grab bag of the 11 million people who are undocu- FLOOD INSURANCE REFORM AND pent-up Democratic spending prior- mented to register with the govern- MODERNIZATION ACT—MOTION ities, but we were told that all of this ment, pay fines and taxes, learn TO PROCEED spending was necessary to keep unem- ployment below 8 percent. Of course, as English, work, stay out of trouble, and The ACTING PRESIDENT pro tem- we all know, unemployment soon go to the end of the line to legalize pore. Under the previous order, the soared well above 8 percent and has their status. Senate will resume consideration of Democrats are ready for this chal- never dipped below 8 percent now more the motion to proceed to S. 1940, which lenge. We have been willing to craft a than 3 years later. commonsense legal solution for a long the clerk will report by title. I would say to all of those across the time, one that is fair, tough, and prac- The legislative clerk read as follows: Atlantic in Europe calling for new tical. As I have indicated, we have been Motion to proceed to Calendar No. 250, S. stimulus spending: We tried it, and it ready to do this for years. We have 1940, a bill to amend the National Flood In- didn’t work. Not only didn’t it work tried on a few occasions. The problem surance Act of 1968, to restore the financial solvency of the flood insurance fund, and for but it made things worse. All of that now and has been, Republicans will not other purposes. government spending crowded out pri- vote for immigration reform—simple vate sector activity that would have Mr. REID. Mr. President, I suggest as that. We have tried. helped the recovery and saddled our the absence of a quorum. The first step would be to pass the economy and our children with even The ACTING PRESIDENT pro tem- DREAM Act, which would create a more debt. Conversely, reining in gov- pore. The clerk will call the roll. pathway to citizenship for children ernment spending will unleash the The legislative clerk proceeded to brought to the country through no power of free enterprise to create call the roll. fault of their own. If upstanding young wealth and grow our economy in ways Mr. GRASSLEY. I ask unanimous people stay out of trouble, work hard no government central planner can consent that the order for the quorum in high school, they should have a ever accomplish. chance to serve their country in the call be rescinded. Despite the clear results of the most military, go to college, and work to- The ACTING PRESIDENT pro tem- recent American experience with stim- ward citizenship. pore. Without objection, it is so or- ulus spending, liberal pundits are now Unfortunately, Mitt Romney said he dered. blaming Europe’s current economic would veto that, the DREAM Act. THE ECONOMY troubles on efforts to reduce govern- President Obama, on the other hand, Mr. GRASSLEY. Mr. President, since ment spending. They say that savage took decisive action in halting depor- the victory of the Socialist candidate cuts by pro-austerity governments in tation of the DREAMers. His directive for the President of France, opponents countries such as Britain, France, and will protect 800,000 young people and of fiscal responsibility have found re- Spain have actually damaged their focus law enforcement resources where newed vigor for their pro-spending ide- economies. So just how deep did these they belong, on deporting criminals. ology—more stimulus, as we might call countries of Europe actually cut? As we all know, though, this is not a it here in this country. There is inter- permanent solution. But President Spain increased spending after the re- est in this country also in more fiscal cession started, then implemented Obama’s decision to defer these depor- stimulus. tations was necessary precisely be- some modest cuts but is still spending The new French President talked cause Republicans have so far refused more than it did before the recession. about choosing growth over austerity. to work with Democrats on a solution. Britain and France have continued to Many liberal pundits and politicians on Congress must consider a long-term increase spending. So much for savage this side of the Atlantic have now resolution to protect the DREAMers spending cuts. It defies common sense, begun to echo this call. When you put and tackle comprehensive immigration but, as you know, in this town smaller it that way, it barely sounds like a reform that addresses all 11 million un- increases in spending than previously choice at all. The term ‘‘austerity’’ documented people living in this coun- planned can qualify somehow as a cut sounds so severe, but almost everybody try. in spending. However, to most Ameri- But that will take cooperation from agrees that economic growth is good. cans, cutting spending actually means my Republican colleagues. That has Just what is this austerity all about? spending less than you were the year not been forthcoming. This week, we In Europe, ‘‘austerity’’ is often used to before. The fact that there have been have a lot to accomplish, and getting it describe an attempt to reduce budget no serious spending cuts in these sup- all done before the July 4 holiday will deficits by reining in unsustainable posedly pro-austerity countries is also take cooperation. By Friday, the spending. In this country, we more enough to dismiss the accusations that Senate must pass flood insurance that often talk about fiscal responsibility. spending cuts are the cause of Europe’s will allow millions of Americans to For Europeans who have grown accus- current troubles. close on new homes or new properties. tomed to generous social benefits, even But there is another part of the story We must send to the President a bill to modest reforms to government pro- that is too often ignored: Governments ease drug shortages. That is the FDA grams are apparently cause to take to that talk about the need to reduce defi- bill. We need to protect 3 millions jobs the streets and demonstrate. But for cits but are too timid to enact nec- with an agreement on transportation the millions of Americans who still be- essary spending cuts invariably turn to legislation, and the deadline to stop lieve in limited government and who tax increases. For instance, since the student loan rates from doubling for 7 do not feel entitled to programs or ben- recession started, Britain has raised million students looms at the end of efits paid for by the earnings of others, the top marginal income tax rate as this week as well. there is nothing austere about govern- well as increased the capital gains tax, I am putting my colleagues on notice ment spending within its means. the national insurance tax, and the that the Senate will stay as long as we So then what about the other aspect value-added tax. Spain has enacted have to, into the weekend if necessary, of it—growth? The implication of the hikes in personal income tax and prop- to complete this substantial workload. supposed choice between growth and erty taxes and seems to be planning We hope there will be cooperation not austerity is that we must accept irre- even more taxes. only in this body but also in the House sponsible levels of spending in order to This year the Spanish Government is of Representatives. I alert everyone, we have that economic growth. Obviously looking to address its deficit with a have a lot to do—extremely important this is absurd. The politically conven- $19.2 billion package of spending reduc- pieces of legislation. We have to com- ient economic theory was summed up tions paired with another $16 billion plete them before we leave this week. by Margaret Thatcher as, ‘‘The more worth of tax increases. Of course, to us VerDate Mar 15 2010 01:54 Jun 26, 2012 Jkt 019060 PO 00000 Frm 00002 Fmt 4624 Sfmt 0634 E:\CR\FM\G25JN6.012 S25JNPT1 pwalker on DSK7TPTVN1PROD with SENATE June 25, 2012 CONGRESSIONAL RECORD — SENATE S4435 here in the United States, that sounds problems. It is possible that the unique Unlike the ‘‘have your cake and eat a lot like what Democrats have been history of the Baltic countries makes it too’’ philosophy that says more gov- calling a balanced approach. And so it it easier for them to break the spend- ernment spending will somehow make is—just like giving a patient an equal ing addiction, but that doesn’t mean it us all richer, the real road to recovery dose of medicine and poison would be a can’t be done here. In fact, I will give requires real leadership and less spend- balanced approach. However, across you an example that is much closer to ing. Europe there has been a lot more em- home—Canada. Earlier in my comments I mentioned phasis on the poison of tax increases In the 1990s Canada was facing the a statement by Margaret Thatcher’s than on the medicine of spending cuts.
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