portrait of Representative Rush Holt   
 Representative Rush Holt, 12th District of New Jersey

 

 

FISCAL YEAR 2010 BUDGET RESOLUTION

April 2, 2009
   
 
A budget is a moral document that demonstrates our values and priorities. I want to congratulate Chairman Spratt for again bringing forth a budget that represents values of which we can be proud. This budget would make real investments in education, hometown security, veterans' programs, healthcare, and research and development while halving the budget deficit in four years.

I am pleased that this Fiscal Year 2010 budget continues to follow the pay-as-you-go (PAYGO) principle that the House restored at the start of the 110th Congress in January 2007. This ensures that every new dollar of spending is offset and will not worsen the deficit. Although the budget resolution does not set tax or spending levels, it does lay out the plan for the coming years to spend money and to raise revenues.

This budget validates the President's Inaugural declaration that we will ``restore science to its rightful place.'' This resolution restores science to its rightful place in terms of our national innovation investment by providing $31 billion for the science and research programs. In these troubled economic times, it is important to understand that while research lays the foundation for our long-term prosperity, research also creates jobs now. A report by the Information Technology and Innovation Foundation estimated that each additional $1 billion investment in research would create approximately 20,000 American jobs a year. This investment would provide jobs not just to scientists but also to research students, electricians who wire the labs, lab technicians who run the instrumentation, construction workers who will renovate the buildings, and many more. This job creation is comparable to or better than job creation for other spending, even in the short term, and over the long term, nothing produces jobs tomorrow like research today.

This budget would make a significant investment in our nation's energy future by building on the significant funding and tax incentives for renewable energy and energy efficiency that were contained in the recovery bill. The budget increases investments in energy programs by 18.4 percent to create new sources of renewable energy, to improve energy efficiency, and to expand research and technological development. The budget is committed to reducing greenhouse gas emissions and ensures that Congress has the flexibility to consider legislation for increasing our nation's energy independence.

This budget honors our commitment to our nation's children by investing in education. The budget follows on the bold investments made by the economic recovery bill and provides further support for early childhood education. The budget supports education at a young age through a range of approaches, including strengthening and expanding early childhood education programs, home visiting programs, and child nutrition programs such as school meals. I am pleased that the budget also would help make college more affordable and accessible for students in New Jersey and throughout the country by increasing funding for Pell grants and providing additional assistance for low-income high school graduates. The budget further would expand our scientific workforce by tripling the number of graduate fellowships in science.

I am pleased that the budget addresses the fact that 46 million Americans are uninsured, with more than 8 out of 10 of those uninsured living in working families. Specifically, data from The Henry J. Kaiser Family Foundation show that 16 percent of New Jersey's residents were uninsured in 2007. This is despite the fact that health care spending has grown to about $7,026 per person as of 2007. According to a report from the Institute of Medicine, working-age Americans without health insurance are more likely to receive too little medical care too late and to receive poorer medical treatment throughout their lives. As a result, they are sick more often and die at a younger age. This budget resolution supports the President's goal for health care reform and provides opportunities for the relevant committees to work this year to draft reform legislation that will help more Americans get health insurance, reduce health care costs, and improve patient safety.

I strongly support the provisions in the budget that would invest $53.3 billion for veterans' programs, an increase of 11.5 percent over the 2009 level. I am pleased that the budget reverses the policies of the previous administration and restores health care eligibility for non-disabled veterans with modest incomes. This funding is more important than ever to treat the 908,690 Iraq and Afghanistan war veterans, many of whom suffer from post-traumatic stress disorder, traumatic brain injuries, or blast-related injuries.

I also am voting for the two alternatives offered by Mr. Scott and Ms. Lee because, although each is imperfect, each in different ways, they would advance the principles of equality and justice in our society and the peaceful resolution of international problems. I expect that neither of those alternatives will prevail over the well-crafted compromise of Mr. Spratt, yet they are worthy of support.

The budget produced by the Budget Committee, under the leadership of Representative Spratt, reflects values of which we can be proud. It supports healthcare, science and engineering research, education, veterans, and national security programs while maintaining our commitment to fiscal responsibility. By adopting this budget and supporting the designated funding levels throughout the appropriations process, we would be investing in priorities important to our future.