Considers itself an advanced nation generation as i head of us on railroad. We are two generations behind, for example, on high speed. And there is zero dollars in this bill for high speed railroad. Amtrak is very well managed. In the committee we had heard what they have done and how they have done it. But they cant manage without at least some recognition from the congress that we too have a role to play in a railroad. No railroad in the world is unsubsidized. This one is subsidized very little. It is still able to run most of its trains over 100 Miles Per Hour and we ought to understand who were talking about. Were not just talking about the District Of Columbia to new york. Of the 25 busiest stations, amtrak stations, what about seattle . Or harrisberg . Or bakersfield, california . At a time when the airlines are in trouble and have reduced air operations, and amtrak keeps growing in ridership each and winning h, we have a operation here. We are sending it back into losing for us.
Bought a steel mill, most advanced in the world. 3,000 chinese jobs, zero americans jobs. The way they are able to get around the buy american provisions segmented the multibillion project into 20 different pieces delby avoiding the buy american sections. This amendment would prohibit that from ever happening again. The other amendments speak to the 50 billion that is going to be spent by this bill and would require in various ways that this money be spent here in america on american goods, american steel, American Products and on american workers. We ought to buy in america. We ought never to have another bay bridge. We ought to do what we did in the american recovery act that required that some 800 million for amtrak locomotives be spent on american. 100 americanmade and indeed semen, the german company, has established a manufacturing plant in sacramento to manufacture those locomotives. We should increase the percentage of american content from 60 to 100 . This is american taxpayer
Want to enter a statement for the record from congresswoman bernice johnson. It is our pleasure to welcome michael ware. The floor is yours. Thank you. Excuse me, is your microphone on . It is. A little closer. Members of the subcommittee, a year ago congress reauthorized the federal aviation administration. After 4. 5 years the predictability reauthorization provided was welcome. It allowed us to have greater certainty, and we are grateful to have this committee on this and we have been working diligently to implement the provisions of reauthorization, the one year later we again faced unpredictability. The sequester is looming. I want to make a clear distinction about how sequestration differs from previous Government Shutdowns that have been caused by a failure to pass the budget or a temporary lapse in authorization that took place in 2011. First, almost all of our faa accounts would be affected, and this would affect all employees. We are looking at all options to reduce costs the
This on your car and therefore, the Auto Companies do it and charge people higher prices for their car, that may have a good benefit cost ratio but it doesnt show up as spending the money. So regulations is a substitute and tax expenditures are a substitute for spending. So you would need to have some complementary legislation or safety valve to prevent that you could tighten if all of a sudden the spending cap started to bind and edging into regulation and tax expenditures. The other is when you look at spending, there is this fundamental fact of arithmetic we cant get around that present discount of taxes has to equal future spending plus the National Debt. The government has to pay its bills now or later. A dollar of borrowing now means the interest tomorrow has to be raised to pay off the interest. So with that in mind, its very, very important that the spending caps be reasonable and bind and there is some mechanism by which we dont, even with reasonable spending caps, start conti