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Prior to the vote on the house floor. E minutes. Mrs. Lowey mr. Speaker, i rise. N support of h. R. 3877 for months, noise democrats have insisted on raising unworkable budget caps so congress can responsibly fund our government and uphold our commitments to American Families. Unless congress and the president act, the united 125 billion ce in devastating cuts that will hurt American Families and weaken our National Security. Thats why this Bipartisan Legislation, to avoid this fiscal cliff, is so critical. It thoroughly rejects the president s slashandburn Budget Proposal which would have pulled the rug out from under families and communities by decimating initiatives and services that make a ....
The bill 3877 to amend the balanced budget and emergency deficit control act of 1985, to establish a congressional budget for fiscal years 2020 and 2021, to temporarily suspend the debt limit and for other purposes. Providing for providing for consideration of the bill h. R. 549 to designate venezuela under section 244 of the immigration and nationality act to permit nationals of venezuela to be eligible for temporary protected status under such section and for other purposes. And waiving a requirement of clause 6a of rule 13 with respect to consideration of certain resolutions reported from the committee on rules. The speaker pro tempore the question is on the ordering of the previous question. Members will record their votes by electronic device. Members, this is a 15minute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the cl ....
Of factors involved in that. These are all projections. Generally because of the demographics and the changes in the way we are an aging population in the fact we pay a lot in terms ofs medicare and Social Security benefits will continue to grow. As a consequence along with paying the interest on accumulated debt itself means that we would be looking at the possibility of the debt to what we call debt to level of the government growing from where it is today which is at a historic high around 78 percent of gdp well up into the 100 a 150 percent over the next 30 t 40 years. 144 percent by 2049 or so. Right. Thats historically very high of course. We like to think that will not happen but if it should happen it certainly is something unprecedented in terms of the countrys history. If you had to make a list of the drivers of this debt what would you put on top of the list . I would say in the near term if the entitlement, the spendi ....