Billion. The dear lords in the interest markets have been very, very kind to us. But when you actually look at the curve, so much of the spending once again is what we call mandatory, but if you actually look at the well call it the rust over there something most people dont understand and im going to reach over and point to what is the individual income tax ortion. Most people dont understand the individual income tax is the majority of the income to this country, its not intended for one of the trust funds. If you actually look at the , its been come tax going up but its still a fairly small sliver. Now why did that change . So often you get people who will bring me charts and say, david, 25, 30 years ago the corporations paid so much more. Well, also 25, 30 years ago there was this new concept of passthroughs. L. L. C. s. Partnerships. So what happened is many things that used to be corporations in the 1950s, 1960s, 1970s, up through the 1980s, at the end of the 1980s there was a revolution where states said, why dont we create these passthrough entities, theyre more tax efficient. So how many of you have had an l. L. C. . Thats a passthrough entity. Thats actually where you see the shift of corporate taxes going down, individuals going up. Its not that corporations all of a sudden started escaping taxes. Its their taxes now were booked as individual income. Just to understand. When you see those chart, you have to be able to process and that i through. This is important to understand think that through. This is important to understand where the taxes are. Circle there . That 40 of the entire curve . Thats payroll taxes. Those thats the income that goes into your unemployment. Your Social Security disability. Your Social Security. Your medicare. So those are not those are revenues that are specifically for either your retirement future or if you have a break in your employment. Or, god forbid, you become permanently or temporarily disabled. With Social Security disability having its definition of what temporary disabled is. Just understand thats our revenue sources. And then youll see the little slivers on the bottom. Some of that is tariffs and some of the other fees that come in. Partially through trade. All right. I know sometimes these slides are a little hard to see. So we blew a couple of them up. The idea here was so you could see the total revenues. This was for 2017. This is our best projection of whats going on this year. My wife right about now is when she would typically start texting me and saying im putting everyone to sleep. But im married to an accountant. So could explain why we have no friends. Thats the payroll taxes. Do you see the far side lets turqoise. Thats the individual ways and means tax. Many of us believe we have to sort of do an organic, a unified budget or tax reform proposal. That actually does everything from what you see here as corporate, which is much of our job engine, over to the individuals, which is also now a huge portion of our job engine. Do not let someone just talk about lowering rates and not also understand that what you see in the individual size may be what you pay as a worker, but also if youre an employer, but youre organized as an l. L. C. Or partnership or passthrough, youre also on that side. Just to know the out there. Its out there. Now we get to more fun stuff. We were looking at revenues. We already know that this year, if you use the president s budget, or office of budget and management, were about 600 billion short. If we use congressional budget 550 ce, were only about billion short. Meaning were spending that much more money than were taking in. But once again, lets look at here were spending the money. So the turquoise, Social Security. Medicare and other health programs. So medicare, medicaid. National defense is this. Then come over here. This is everything else. Nd this is interest. 245st year we spent about billion in interest. This year were still blessed with incredibly low interest rates. Were only expecting about 266 billion in interest. Still stunning amounts of money. But the little white area is what most people will think of as government. So, if you look at last year and the nice thing of using this one, its booked. We took in 3. 3 trillion. We spent 3. 9 trillion. So you already start to see the structural difference. If you actually start to come over here. Now this is much better than it was a few years ago. The problem is, in this fairly Strong Economy its closed and now its about demographically, to start to move away frulls. And this is the line you always have from us. And this is the line you always ave to constantly think about. If thats my revenues, and i drop my line down, you have to start understanding that everything beyond that line is borrowed money. Just visually ive always found this easiest, when you actually start to show different groups saying, this is where were at. Then youll stand up and say, hey, why dont we do this . Tell me what i can cut, because you want a balanced budget this year. All right. Understand the math. If were going to borrow 600 billion, thats most of defense. Ok. How about the other side . Everything else we call discretionary. We could actually eliminate all of it and believe it or not you still dont have enough money to cover the borrowing. So if youre borrowing 600 billion this year, i believe thats greater than all the nondefense spending in the overnment this year. So lets actually start going through a little bit more of where were at and whats actually about to happen. And the frustrating thing here is we have a number of charts weve worked on why weve been so on on why weve been so off on our Economic Growth projections. If you go back a couple of years ago, we had these fairly rosie pictures of where we were going to be, yet the country has not grown nearly fast enough. Were hoping this year, with the new administration, youre actually starting to see Economic Growth that will take care of a lot of these sins. I think g. D. P. Now, as of a couple days ago, the atlanta feds calculator was about 2. 9 g. D. P. Youd like to be substantially higher. But if we can hold 2. 9 through the rest of the year, well take it. Because its so much healthier than where weve been the last few years. But why this is important is i just wanted to show, ok, congressional budget offices baseline for 2017, 559 billion more spending than were taking in. But im going to reach way over here and say, hey, what does the world look like 10 years from now . 10 years from now its saying the annual shortfall, the annual borrowing will be 1. 4 actually, lets be accurate. 1. 408 trillion. So just the borrowing in nine budget years will be greater than all the Discretionary Spending of this year. And its growth in entitlements. Its growth in mandatory spending. Why isnt that what you hear behind these microphones all day long . I have to believe those of us behind these microphones, we love our kids, we love our grandkids. But this is absolute decimation of the future. Parts of blame the the government that we vote for. The discretionary. Because the math doesnt show that. When you actually take a look at this, you see the darker and the lighter. The darker is defense. The lighter is nondefense. One more time. I know this is sort of geeky. But if you look from 1996 and 2001, yes, weve had certain economic upheavals. Weve had an aa tack on our country. But if an attack on our country. But if you look at the percentages of Gross Domestic Product which is how so many economists look at our spending. Hey, youre spending 3 over here of your g. D. P. On defense, the pretty much identical, where we were last year as where we were 10 years, 20 years earlier. So once again, whats exploding on us . If you want to break it down, if you actually look at the different categories, were only going to do this for a second, is the different categories will ve stayed almost flat in the discretionary area for 10 years. So whats happening in our society . Were getting older. Something i thought was just fascinating. I have a great interest in the reality we knew people were going to be turning 65. We knew baby boomers were going to be turning 65 for how many years . This body knew we had 76 million of our brothers and sisters who were born in an 18year period, that would be moving into their time with their earned benefits and we did what to prepare for it . So, we are now about our fifth year into the baby boomers retiring. And were looking at were now beyond the inflexion point. If you want to went to school means years ago and sat in a Democrat School many years ago and you set in a demographics class, you were told about a time where the spending was going to explode and youll see a couple of slides in a moment where im going to show you whats happened now, where when i was a child, for every 4 spent for children, 1 was spent for seniors. Today thats reversed. Ok. Theres some math difference in there. Theres some population difference. But thats where were at. This is an interesting slide. You do understand as a nation we functionally have zero population Growth Without immigration. In about 25, 30 years, the country of nigeria will have more population than the united tates. So when you hear someone talk bout saying, well, im uncomfortable with trade, they got to understand, if we need consumers for our products we need to be finding these countries that are going to have lots of young people and they are our future markets. Because we in the United States, were moving down. I think our average age this ear is 37. 2. And that is that will continue to go up for about the next 25 years. I just put this up because its fascinating seeing where the young people are going to be in the world. We need to start thinking about, if were getting older as a society, how do we still use our intellectual prowess, our creativity, our manufacturing prowess, to make things that are desirable to growing populations , and lets make sure weve built a world, an environment here where we can sell things to them. Because if we dont, we dont have the market ourselves. Were not going to have enough young consumers. You have to take that into reality. Once again, this ones a tough chart. The on here just basically to understand whats happening in the world. What is incredibly fascinating is we see Many Americans see china as our primary competitor. In many products they are. On high value product, countries like germany actually are more of a competitor. But do you see this line here . This collapse . Thats the chinese demographics. If you understand that line, you understand a lot of things that chinas doing around the world in trying to buy assets that produce income, so they will actually have an income stream to start paying for their senior population. The United States is this dark here, and youll see, heres where were at. Were sliding. But look at how many of our trading partners also are in the same demographic curve. When you see many of us lean toward being free traders explain say, were looking for where there are populations in the world we can go sell things to. Im an american, i want to sell you something. Ow within the nation, just fascination, if year 2000 average age in the United States is 35. 3. 16 years later, were 37. 9. Thats a huge shift. I know that may not seem like a big difference when you Start Talking about 2 1 2 or so points, thats a big shift in 16 years on average age. But whats fascinating, for those of us out in the west, well be somewhat younger than the middle of the country and back east. Im blessed to be from maricopa county, arizona, the Fastest Growing county in the country, come visit us. But its also to understand that this aging of america also is going to require different societal and different states are going to have different approaches. If you look at a state like utah, it remains fairly young. Some of our states back east actually get quite old and are going to actually have very ifferent societal needs. This is the mandatory spending chart. I was actually going to i actually wanted to spend just a moment over here on some of the percentages and this one i know is really hard to read but if you actually start to look at the second part over here, discretionary. You see you see all those little, tiny percentages . This is where a lot of our discussions get very disingenuous around here. We will have people coming to, behind these microphones, almost acting like their hair is on fire because some dollars have been removed from this agency or dollars will be removed from this Spending Program and the unwillingness to understand the scale that were talk that were talking about. Its real simple. If thats every dollar of Discretionary Spending, plus defense. And every dollar of mandatory, the mandatory is, what, 2 1 2 imes bigger . So if youre going to have a discussion of spending priorities, are we going to be a mature enough group to actually deal with the reality of where the dollars are at . And i promise were down to the last couple of these. So the share of the budget outlay. I just this one is more im not being judgmental on this, its more of a thought experiment. This is actually from the urban institute, which, its always interesting seing a republican using charts from the urban institute. S that couple of a couple of years old, the chart now is more afwressive, i just couldnt get the newest one printed. This is sort of the federal spending. 10 going to children. Goes to e spending seniors. Its just a thought experiment. We want to honor and keep our commitment to the earned is tlements but the reality if we keep those commitment the pressure is going to get much more cantankerous, much more cranky, much more difficult. So we have a saying in our office, its all about the money. Some of the disharmony you hear around here is going to get louder because as weve already seen, the trillion dollar engine over the next few years, the next trillion dollars, is all mandatory spending, all demographic. Thought nother experiment, every once in a while we get people who come to us and say, hey, david. Why dont you remove this program . Or that program . Ne more time, we are borrowing so much for my writing. 1. 6 billion every single day. Thats just the borrowing side. Were spending close to 11 billion every single day. So on occasion we get a group that comes in and says, david, we want you to get rid of all foreign aid but we want to make sure you protect ale israel protect israel and help the countries trying to help us deal with narcotics and you get down to saying, ok, so you want us to cut half the foreign aid budget . Ok, great. That would be about 14 days of borrowing. Not spending, borrowing. Because remember, were borrowing 1. 6 billion every day. And there comes the intellectual problem, youll get an individual who says, just take care of the waste and fraud. Theres waste and fraud out there were going to have to do it. Were going to have to be much more disciplined in the adoption and use of technology. But a lot of that language is gimmickry until you have someone thats willing to step up and actually just talk about the demographics that are our nation. So think about this. I will have stood behind this microphone, lets just pretend its an hour. You feel like you got 66 million worth of speechifying . Because were borrowing 66 million a minute. 1. 6 billion a day. And its just not that. One of the reasons this is such a powerful chart, and this is from a private organization that does the u. S. Debt clock, you do realize the majority of debt in this country is borrowed. There was an article in politico a couple of years ago that did this brilliant job, if you think about this, all the student loan, all the mortgages that have fannie maye, freddie mac, all these things, it was somewhere around 63 , 64 of all debt in the United States you and i as taxpayers guarantee. The unfunded liabilities in medicare is medicare itself over the 75 years many actuaries have over 100 trillion. So when you see us fussing with each other down here, its almost always about the money. And until were willing to Start Talking about these numbers that are spinning out of control, the fussing is just going to get more and more angry until we step up and deal with the reality of whats driving our future, and that is demographics. Mr. Speaker, with that, i yield ack. The speaker pro tempore the gentleman yields back. Under the speakers announced policy of january 3, 2017, the gentleman from texas, mr. Green, is recognized for 60 minutes as the designee of the minority leader. Mr. Green thank you, mr. Speaker. Mr. Speaker, i rise tonight and im proud to do so to present the pride resolution as june is pride month. And im also very proud tonight o have with me a member of the lgbt Equality Caucus who happens to be the cochair, one of the cochairs, there are six cochairs and 11 vice chairs, 109 members. So at this time im going to yield to the cochair, the honorable jared polis of colorado, after which i shall make some additional comments. Mr. Polis i want to thank al groan of texas for bringing forward a resolution simply acknowledging the importance of this month. To the millions of gay, lesbian, bisexual and Transgender Americans across the country. Al greens Resolution Says in stark contrast to the Trump Administration for the first time in nearly a decade, there was no white house proclamation to celebrate pride. You know what, mr. Speaker . Were all proud of being american. And we all are proud of our heritage, and were proud of who we are. Just as people are proud of their irishamerican heritage, or their catholic heritage, or their proud or theyre proud to be women or proud to be men, people who are lgbt in our country no longer need to stay in the closet. They can be fully authentic with who they are and they can celebrate in a spirit of brotherhood and sisterhood with their allies and other lgbt americans. I got to participate in the pride festivities in denver this year and im looking forward next week to, for the very first time, mr. Green, being the grand marshal of a parade, the Colorado Springs pride parade. Ive never had the opportunity to be a grand marshal before. But i am glad that al green and his cosponsors, including myself are lending their voice to say that this body the house of representatives, want to, of course, honor and respect the full diversity of our country and in the inclusive spirit celebrate the civil rights accomplishments of the lgbt movement wells recognize the work ahead to make sure that lgbt americans are fully equal under the law. I thank the gentleman from texas and i yield back. Mr. Green i thank you for your kind words and i especially thank you for coming to the floor tonight. It means a lot that a member of the caucus would be here. And i want to let you know that i wish you the very best with the pride parade next year. In houston we had our pride parade. It is one of the largest events in houston, texas. Literally thousands upon thousands of people line the streets. And everybody is celebrating a rich history that is american history. Again, i thank you for your attendance. Mr. Speaker, the resolution has 26 original cosponsors. And this resolution is one that we have presented for many years. And as i am grateful to the many who have signed on to this resolution, i have to mention senator Sherrod Brown because he has presented a resolution on the senate side to acknowledge june as pride month. And he has done so because of the circumstance that was called to our attention by mr. Polis. The white house has not issued a resolution. Breaking with an eightyear tradition. This is something that is expected. It is something that has occurred and people tend to look to the top for the tone and the nor of our behavior to be demonstrated and i regret that we did not get the resolution from the white house. My prayer is that at some point the white house will have a change of heart a change of mind, and will present a resolution. But, be that as it may, tonight we are proud to present this resolution and its important that i present it as an ally of the Lgbtq Community. I am an ally of the community for good reason. For good reason, mr. Speaker. Mr. Speaker, i know what discrimination smells like. I know what it talks like. I know what it walks like. I know what it looks like. I have been the victim of invidious discrimination. I lived in the south, im a son of the south, and the rights that were accorded me under the constitution of the United States of america, mr. Speaker, were denied. Were denied by my fellow citizens of the south. I lived in the south, mr. Peaker, born in louisiana, lived in the south at a time when i had to drink from colored water fountains. And i must tell you a good many of them were not the kinds of fountains that you would want to drink from. They were filthy, to be quite frank with you. I lived in the south at a time when i had to sit in the back of the bus. There could be many Seats Available in the front of the bus, but i had to make my way to the back and claim my seat. I lived in the south at a time when i had to sit in the balcony of the movie. Didnt matter that there were seats in the lower level. I was always shown the balcony. At a time when i had to receive my food from the back door, couldnt go into many restaurants. If i did have a restaurant i could go in, it was some room in the back that was set aside for coloreds only. Colored water fountains. Colored restrooms. Back of the bus. Balcony of the movie. And when we were locked up at that time, it was in the bottom of the jail. I know what discrimination is like, mr. Speaker. Which is why im here tonight. Because i believe that until all of us are free of this discrimination, every one of us is at risk of being a victim of this discrimination. This resolution is important because it speaks of the many gains that have been made in the Lgbtq Community. Barney frank, the first openly ay member of congress. Denise parker. First openly gay mayor of the city of houston. Speaks of stonewall. Speaks of the many accomplishments. Speaks of a lot of the tears that have been shed. But tonight i want to really focus on the very end of the resolution, rather than go through all of the whereases. I want to go to the be it resolved. Resolved that the house of representatives recognizes that lesbian, gay, bisexual, transgender and queer, lgbtq, rights are human rights. Are human rights. And are protected by the constitution. The constitution of the United States of america. Recognizes that all americans should be treated fairly and equally, regardless of sexual rientation or gender identity. This is important, mr. Speaker, because in this country today,n the United States of America Today we still have people who are being discriminated against because of who they are. In the United States of america there are still people who have rights that are accorded them under the constitution, very similar to my circumstance, not the same, but very similar, very similar. Not the same. Not the same to my circumstances. Wherein the rights that were accorded under the constitution were denied by my fellow americans. And people today are having rights denied by their fellow americans. Mr. Speaker, mr. Cicilline, david cicilline, representative cicilline, has a bill, h. R. 2282, the equality right rights act. The equality act. This bill has 195 cosponsors. This bill would address the inequalities that we see in america. Examples are always good. In this country, the Supreme Court has made Marriage Equality the law of the land. One would think that if it was the law of the land, that all persons who are married would be treated the same as all other persons who are married. All persons who happen to be of the Lgbtq Community would be treated like i would be treated if i were married. As a person who is not a member of the community, but an ally. But thats not the case, mr. Speaker. In the United States of america, if you are married and you are of the Lgbtq Community, and you wear your ring to work the next nouns that udly a youre married, you can be fired. You can be fired for engaging in an act that is constitutional in the United States of america. Why . Because we have about 31 states that have not clearly defined the fact that all persons are to treated equally, endowed by their creator with these certain inalienable rights. Among them, life, liberty and the pursuit of happiness. All persons. This would include people who are of the Lgbtq Community. But unfortunately in a good many states they can be fired for just showing up to work and announcing that they are of the Lgbtq Community. Mr. Speaker, no one should be denied the right to work because of who the person happens to be. When it is a lawful, lawful status that you occupy. Marriage is lawful in this country. People ought not be punished for being married. People ought not be punished for their Sexual Orientation in this country. In this country you can be denied service, certain services, because of your Sexual Orientation. One would think that we were long past the time when people would judge you and draw conclusions about who you are and what you represent simply because of your Sexual Orientation. Sexual orientation is not a limitation on a persons dignity, on a persons humanity. Sexual orientation does not divest a person of citizenship, does not divest a person of rights accorded under the constitution. Sexual orientation is but a means by which a person was born into this world. I believe that my god doesnt make any junk. I believe that my god created eople purposefully and created them as they are to be who they are in a world where all persons should be treated equally. Created equally by god, treated fairly and equally by humanity. So since i believe this, and ive had these experiences, it is appropriate that i stand here on the floor of the house of representatives to say to the orld that we as a great nation hould not allow ourselves to continue to deny human rights and Human Dignity to people because of their status, a status that they were born with, a status that the Supreme Court recognizes. A status that is to be protected under the constitution of the United States of america. I am proud to stand here and take up the challenge and the cause. Am a person who believes that to l we have paid the debts others for the work that they have done to accord us our freedom, we still have a job to do. There is still great work to be done. Didnt get here because of my work alone. I didnt get here because i am the person who ought to have this position. There were people who sacrificed and made it possible for me to have this opportunity. There were people who surrendered their lives so that i would have the opportunity to stand here tonight. So i owe a debt and im standing here tonight to continue to repay the debt i owe to others who made it possible for me to have the rights and enjoy the rights, to be more specific, enjoy the rights that i enjoy in this country. And i want others to enjoy these rights as well. This is not to say that all of the discrimination against africanamericans is over and the world is a perfect place. It is not. But it is perfect enough for me to come to the floor of the house of representatives and stand for justice for others. Just as persons have stood for justice for me. So i thank you for the time, mr. Speaker. It has been time well spent in my opinion. I am honored that this resolution has been presented. I am honored that it has cosponsors, 26. And my prayer is that one day the house of representatives will pass this resolution. My prayer is that one day mr. Browns resolution will pass in the senate. And my prayer is that one day this president will issue a proclamation, if you will, a resolution of a sort, recognizing june as pride month. Lgbtq pride month. I thank you, mr. Speaker, and i yield back the balance of my time. The speaker pro tempore the gentleman yields back the balance of his time. For what purpose does the gentleman from texas approach . Mr. Green i do move now that the house adjourn. The speaker pro tempore the question is on the motion to adjourn. Those in favor say aye. Those opposed, no. The ayes have it. The motion is adopted. Accordingly, the house stands adjourned until 10 00 not only must they communicate with federal authorities about Illegal Immigrants in their jail bus must cooperate fully in terms of handing them over. It would also cut off certain Grant Programs for cities and states found to be out of ompliance with that statute. Host how about the other bill coming up this week, the case law dealing with undocumented mmigrants. Kays law is named for kay, who was killed by a an uning to be yumed immigrant who had been deported. T would increase penls for undocumented imgrants who had been previously been deported and that punishment would be increased based on the numb of times theyve been deported. Host what are you hearing about the bills and if they pass in the house what are the prospects in the senate . Guest its likely theyll pass the house with robust republican support. There are concerns that some democrat mace vote for them either to appear tough on crime or because theyre worried about reelection. Some democrats, especially latino democrats, are urging their colleagues not to vote on them. You know, when it gets to the senate, its a little more complicated. There are a number of incumbent democrats in the senate who are up for reelection in 2018 and in states that donald trump won in 2016. Whether those democrats feel inclined to vote for these bills again to appear tough on immigrant crime is something that remains to be seen. Host weve heard democrats pressing on broader, more comprehensive rule reform. Any likelihood of that . Guest i would say very little likelihood of that taking place. Comprehensive Immigration Reform appeared to believe in 2013, 2014. Not so much anymore, especially since the election. President trump has really changed the foe coufs the immigration debate and democrats are now really in a position where theyre attempting to limit what President Trump can do both through spending and other means, coming up with a solution to the millions of undocumented People Living in america right now. Little more complicated. Host what has President Trumps view been on illegal immigration and how has it been impacted by the recent Supreme Court travel ruling . Guest the Trump Administration is focused almost exclusively on the enforcement end of the immigration debate. He ran on tough Border Security policies, obviously the wall and more border agents, and hes also expanded deportation priorities in the interior of the United States. And he campaigned strongly against sanctuary city policies. Hes already said that he plans to sign this bill if it arrives at his desk and this afternoon hes expect to hold an event at the white house with victims of crimes committed by immigrants which is something he did on the ampaign trail as well. His work at read gq. Com. The house returns tomorrow to debate immigration bills. Watch the haas live thursday as always here on cspan. Cspans washington journal live every day. With news and policy issues that impact you. Coming up thursday morning, former new york Lieutenant Governor and donald trump supporter betsy mccoy on Republican Health care reform efforts. Then, Mississippi Republican senator roger wick ert discusses wicker discusses the decision to delay the Health Care Vote and where he stands on efforts to repeal the Affordable Health care act. And andy slavic looks at what the Senates Health care legislation would mean for medicaid. Also maryland democrat senator Chris Van Hollen on the senates decision to delay the Health Care Vote. Be sure to watch cspans washington journal live at 7 00 eastern on thursday morning, join the discussion. Hes the senate legislation, health legislation, the a formal care act. Now would be the best time to call. We have the best reporters on the topic. Mary agnes carey and julie rovner are of Kaiser Health news. Thank you for joining us
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