kaufman: mr. president? the presiding officer: the senator from delaware is recognized. mr. kaufman: i ask consent that the quorum call be dispensed with. the presiding officer: without objection. mr. kaufman: mr. president, i have spoken twice on the floor in the past two weeks on the problem of too big to fail. this is a critical issue in any financial reform legislation. each senator must ask whether this issue is effectively addressed in the landmark legislation that the senate will soon consider. i will limit my remarks today to the central aspect of the challenge we face -- too big to fail. in particular, does this bill take the necessary steps to reduce the size, complexity and concentrated power of the behemoths that currently dominate the financial industry and our economy? if not, what is the justification for maintaining the status quo? what is the risk that one might fail? if that were to occur, what is the likelihood that the american taxpayer will once more again have to bail them ou

kaufman: mr. president? the presiding officer: the senator from delaware is recognized. mr. kaufman: i would like to dispense with the quorum call. the presiding officer: without objection, so ordered. mr. kaufman: i ask unanimous consent that on tuesday, march 9, after any leader time, the time until 11:00 a.m. be for a period of morning business, senators permitted to speak therein for up to 10 minutes each. with the time equally divided and controlled between the two leaders with the republicans controlling the first portion. at 11:00 5erb8gs the senate resume the consideration of h.r. 4213. the presiding officer: is there objection? without objection, so ordered. mr. kaufman: mr. president, i ask unanimous consent that when the senate completes its business today, it adjourn until 10:00 a.m. on tuesday, march 9. 2308ing the prayer and pledge, the journal of proceedings be approved to date, the morning hour be deemed expired, the time for the two leader leaders be rd for their use later in the

kaufman: mr. president, i ask unanimous consent to speak as if in morning business. the presiding officer: without objection, it is so ordered. mr. kaufman: mr. president, i am truly pleased to join with my friends senators casey and franken to underscore reducing nuclear arms. i spoke about signing a -- in order to maintain important verification and other confidence building measures. i've also spoken in support of the president's fiscal 2011 spending priorities which includes a program to modernize and secure our nuclear arsenal. today i'd like to go back to the basic when talking about arms reduction because it's easy to get lost in the details an misconceptions and forget the big picture. first, we must remember what is at stake when it comes to our nuclear arms reduction policy. we cannot afford to lose sight of why it is so important to get a successor to start. why it must be the right successor and why the senate should take action on the treaty in the very near future. this treaty was si

kaufman: mr. president, last thursday, the bankruptcy examiner for lehman brothers holding company released a 2,200-page report about the demise of the firm which included rivetting detail on the firm's accounting practices. that report has put in sharp relief what many of us expected all along, that fraud and potential criminal conduct were at the heart of the financial crisis. now that we're beginning to learn many of the facts, at least with respect to the activities of lehman brothers, the country has every right to be outraged. lehman was cooking its books, hiding $50 billion in toxic assets by temporarily shifting them off its balance sheet in time to produce rosier quarter end reports. according to the bankruptcy examiner's report, lehman brothers' financial statements were materially misleading and its executives had engaged in actionable balance sheet manipulation. only further investigation would determine whether individuals involved can be indicted and convicted of criminal wrongdoing.

kaufman: madam president. presiding officer: the chair appoints the following conferees on the part of the senate. the clerk: senators dodd, kerry, lieberman, menendez, shelby, bennett of utah and lugar. mr. kaufman: madam president, i yield the floor. a senator: madam president? i ask consent that republican senators be permitted to engage in a croix. the presiding officer: without objection. mr. alexander: i thank the chair. madam president, the senator from arizona and i and senator barrasso who will be here in a few minutes had the privilege of being invited by the president to a lengthy health care summit not a couple of weeks ago. it was at the blair house, an historic location right across from the white house. over the seven 1/2-hour discussion, there were some discuss differences of opinion. in fact, my friend, the majority leader, said lamar, you're not entitled to your facts, and i think he's right about that. we want to use real facts. but the american people once again seem to have understood the

kaufman: madam president? the presiding officer: the senator from delaware. mr. kaufman: i ask consent to speak as if in morning business for up to five minutes. the presiding officer: without objection. mr. kaufman: i rise again today to recognize one of our nation's great federal employees. the davis creation is the first executive department in 1789, the state department has carried out the important work of american diplomacy. pursuing peaceful relations between the united states and other nations around the world. when our role as a world power grew in the late 19th century, our diplomats became peacemakers among nations. since the end of world war ii, we heavily invested our time, treasure, and human capital in the preservation of global peace during a time wrought with potential for war and mass destruction. today, in the aftermath of the cold war and september 11 attacks, our state department personnel and our foreign service officers in particular worked tirelessly to promote the american values of liberty and international cooperation. stationed in ever

benny lorenzo, chairman of investment bank and research firm kaufman brothers, knows the risks, but still thinks now is a good time to get in. >> the path of least resistance is up. so far. there's a lot of skepticism, which is good from a contrarian perspective. most people still... a lot of people still don't believe it that we can continue to go up. as long as the u.s. economic recovery continues, we believe the market will go up. >> reporter: three names he likes are all in technology: apple computer, intel, and asia information, a company that helps firms establish a presence in china. all three, he says, have strong growth prospects. if you are ready to start investing in stocks, but are a little bit nervous, you may want to consider dollar cost averaging. as financial planner cary carbonaro explains, that means putting in small amounts regularly. >> dollar cost averaging is always a good solution over time. because if they have a long time horizon, if they want to put it in now, they're going to put in equal amounts over time. they can't market time any way, and it's an effective s

. >> senator kaufman? >> mr. chairman i want to thank you for holding this hearing. it's timely, it's important. there's hardly anything i can think of that is more important than free exchange of ideas if we're going to be success until having a peaceful world over the next 20, 30, 40, 50 years. i spent years in the board of governors and we wrestled time and again with the problem of internet freedom, how you deal with it in certain countries and would like to reinforce what mr. posner said. late '90s out 0 to silicone valley and talked to experts, how do you do this battle and win jn they all to a person reassured us that they cannot block what it we're sending. it's always easier to send message than didn't is to block. like nuclear. you say one two, three four missiles. knocking them down is much more difficult than putting them up. so the key to this thing in the end is being creative and doing more and people will find a way. that is no way, in no way, to lower how difficult it is for people to deal's non-technical people with these different techniques that a

kaufman: i ask consent to speak in morning business for 20 minutes. the presiding officer: without objection. mr. kaufman: following moshings the senate will resume consideration of h.r. 4213. last week the majority leader filed cloture on the tax extenders legislation. there is a 3:00 agreement today for filing first-degree amendments. there will be no roll call votes today. senators should expect a series of votes to begin tomorrow morning. mr. president, i rise to speak today about the importance of energy education. as my colleagues know, this is an issue near and dear to my heart. i believe we are at a crucial moment for stem, science technology, engineer and maths matterics. it often reminds me of sailing. whether you've done sailing or not, you know that you can construct the perfect sailboat, outfit it with the best sails, man it with the greatest crew, if the wind is not going, you're going nowhere. well, the wind is blowing for stem education, and we have an opportunity, those who care about stem education, that we haven't had for a long tim

kaufman: revise that. i yield the floor. a senator: madam president? the presiding officer: the senator from pennsylvania. mr. casey: madam president, thank you very much. i want to thank the senator from delaware for not relinquishing the floor too quickly. we're grateful for that and the transition. i appreciate the many times he comes to the floor to celebrate what's working here in washington and the good work that's done by so many public officials, but also public employees in our federal government. madam president, i rise this afternoon to talk about the recession, unemployment, job loss. all of -- of all of those related topics. and in a very particular way to focus on the -- the trauma -- the suffering that a lot of pennsylvanians, a lot of americans are living through right now. this has been and continues to be a horrific recession. -- recession for the american people. and when you have that -- when we're confronted with that kind of economic difficulty, we need to respond to that in very bold ways. i think we have over the last couple of

kaufman: thank you, madam president, madam president, i've

kaufman: i ask unanimous consent the quorum call be dispensed with. the presiding officer: without objection. mr. kaufman: i ask unanimous consent to speak as if in morning business for up to five minutes. the presiding officer: without objection. mr. kaufman: thank you, mr. president. i raise once again to tell the stories of the federal employees. libraries have been celebrating national reading month. children from coast to coast have been learning about the importance of books. schools are promoting literacy as a tool for academic advancement. this month-long celebration of reading from dr. seuss' classic "the cat in the hat" to joyce's ulysses reminds us not only of the joy found in the written word but also the role libraries play in all our communities. libraries have always been a staple in american life dating back to our early colonial days. in the decades before the american revolution, america's first libraries enabled the dissemination of the very ideas that inspired our founding patriots. in the 18th century, the athenians of new england

>> thank you, so much senator kaufman.thank you for your service to the committee before you were a member of it. secretary gates, before i ever for secretary of state, understood from his many decades in government service, and particularly over at the defense department now, that our national security was out of balance at the end of the first decade of the 21st century. we had come to rely so heavily on our military, and it wasn't just for their being warriors on behalf of our security, but they were doing development reconstruction, humanitarian projects, just so much. and they are so good at it, and they have, you know, more than what, 12 times the resources that the state department and usaid do. that it wasn't the kind of the balance national security policy that's in the long-term interests of the united states. so secretary gates started sounding this alarm two years ago. and i'm very grateful for his support. so what we're trying to do is to rebound by moving back and maybe for the first time into the state depar

. >> senator kaufman? >> mr. chairman i want to thank you for holding this hearing.t's timely, it's important. there's hardly anything i can think of that is more important than free exchange of ideas if we're going to be success until having a peaceful world over the next 20, 30, 40, 50 years. i spent years in the board of governors and we wrestled time and again with the problem of internet freedom, how you deal with it in certain countries and would like to reinforce what mr. posner said. late '90s out 0 to silicone valley and talked to experts, how do you do this battle and win jn they all to a person reassured us that they cannot block what it we're sending. it's always easier to send message than didn't is to block. like nuclear. you say one two, three four missiles. knocking them down is much more difficult than putting them up. so the key to this thing in the end is being creative and doing more and people will find a way. r what it means for internet freedom and what we can do about it in the state department and the commerce department? >> it is distressing

took up taliban and as pressures ratcheting up on iraq and libya says, a market of visas high bidder kaufman programs and we found western intelligence estimates of how dangerous his programs were wrong. the interest amid how what a nice to his kunkel and biological programs were and how far along as a nuclear program was. >> host: susan e-mails and i am the mother of a u.s. marine who served in the infantry unit in iraq and ramadi during 07. i believe you and your cronies are horribly wrong on the issue of waterboarding and the slippery slope of condoning waterboarding leads to escalating evil by those who think they are well-intentioned. >> guest: i respect that but i disagree. we've water board u.s. military personnel every year in order to help them trained for a station and escapes and waterboarding was used in a very carefully described and prescribed weight. i put the memo on my website, rove.com said people can read them and see how careful these lawyers at the department of justice were making certain our commitments and our international commitments were met. and it was used only i

senator from delaware was appointed after joe biden and senator ted kaufman who was a chief of staff30 years. we talk about it. we are trying to talk about building up the fires a little bit to get something going here. if you ask the question, the senators or house members answering truthfully are you serving on too many committees and have you become in one area really specialized so that you have something to offer or contribute to a better piece of legislation? most of them would truthfully answer -- that is a problem. >> a you willing to give up? >> has scott and some of youç haveñr said, if you look at the structure of appropriations or authorizations for committee structure, if all of us were willing as a group to give up a little bit, we could have a much better working institution and i am willing to do that with all of the others. that is part of the discussion. i came here to talk about the constitutional office. people have questions. why are you trying to do this? the real core, the reason i chose january of the second year is i thought we would need at least a year to

we welcome ted kaufman. just came from a meeting with him and a bunch of folks from our state and ensure he will get here if he can. i want to welcome senator brown. delighted you are with us and looking forward to taking [inaudible] -- go to afghanistan and pakistan next month. sometimes our stuff go on staff notes and one of our staff, senator lieberman's stuff and senator voinovich's staff and the places they've visited where yemen and saudi arabia and they spend a little bit of time in holland and germany, and one of the things i will get into saudi arabia and yemen but one of the things they heard about in holland especially with respect to the amsterdam airport was the kind of behavior a system or profiling that takes place some of those airports to hit the israelis are noted for these techniques but i'm told you have airport security officials who try to identify and prevent bad guys from getting on airplanes and causing trouble. they do it in part by observing that passengers and by understand airpor

kaufman: madam president, it's been just history of a year since i took office and since president obama was sworn in and i think it is a good time and appropriate to reflect on just how far we've come. a year ago the presiding officer and i came into office in the midst of the worst economic crisis since the great depression. we had been spiraling deeper and deeper into recession for over a year. almost 3/4 of a million jobs were lost in the month of january 2009 alone. our credit markets were frozen, major he had physicals of our economic landscape had collapsed or were tottering on the brink of lehman brothers to general motors. alarms were still ringing, emergency policies were thrown into the breach, things were bad, and there was no way to know how much worse they were going to get. we were on the precipice. and we could have fallen into the abyss if not for the extraordinary actions that we took. those actions saved us from another full-blown depression. we are still not out of the woods, of course. and although we have had some good news recently, too many families, too many comm

kaufman. >> i want to thank you you for holding this hearing. anything more important than the ideas that were going to be successful in having a peaceful world over the next 20, 30, 40, 50 years. i spent years wrestling with the problem of internet freedom in how you do with that in certain countries. and i just like to bring in force with mr. posner said and that is in the late 90's when not to silicon valley and talk to the experts out there about how do you do this battle and how can you win and they all come into a person, reassured us that they cannot block what it is that we are sending, but it's always easier to send messages than it is to block. it's like nuclear where you set one, two, three, four missiles. knocking them down as much or difficult than putting them out. if you do this thing in the end is created and doing more and people will find a way. that is in no way how difficult it is to do with their non-technical people with these different techniques that are available. the second thing i'd like to believe follow-up is what se

constitution and congressman mike kaufman and congressman jim marshall just want a bipartisan caucus to help in the recruitment of other members but we already have 100 services co-sponsors members of both parties. a lot more republicans than democrats so we will be focusing on trying to bring more democrats on board. it requires 290 votes, a two-thirds majority to pass since the wave at ways to go. >> host: [inaudible conversations] goodlatte, what mr. if there was a balanced budget amendment how would something like health care reform which would cost money or any other money program passed blacks would be through tax increases or cuts in other areas? >> guest: first of all, this would require a balanced budget within five years. initially once it passes and ratified by the states then the tigers would have five years to bring a balanced budget into a fact. so legislation and that calls for massive new federal government spending like the health care reform bill on the table today would probably not be considered in its current form. instead of the kind of reforms i think most amer

congressman mike kaufman and jim marshall formed a bipartisan caucus to help in the rate of movement -- in the recruitment. we already have 176 co-sponsors, a lot more republicans than democrats and we will focus on bringing with democrats on board. it requires a 290 vote, two- thirds majority, to pass it. host: congressman goodlatte, walk us through -- if there was a balanced budget amendment, how would something like health care reform, which would cost money, or any other money program, get passed? would be tax increases, cuts in other areas? guest: this would require a balanced budget within five years. initially wanted passes and is ratified by the states, there would be five years to bring the balanced budget into effect. so legislation that calls for massive new federal government spending like the health care reform bill on the table today would probably not be considered in its current form. instead, the kind of reform i think most americans want which would be incremental reforms of things like -- a lot of people buy insurance across state lines, medical liability reform, a

congressman mike kaufman and jim marshall formed a bipartisan caucus to help in the rate of movement -- in the recruitment. we already have 176 co-sponsors, a lot more republicans than democrats and we will focus on bringing with democrats on board. it requires a 290 vote, two- thirds majority, to pass it. host: congressman goodlatte, walk us through -- if there was a balanced budget amendment, how would something like health care reform, which would cost money, or any other money program, get passed? would be tax increases, cuts in other areas? guest: this would require a balanced budget within five years. initially wanted passes and is ratified by the states, there would be five years to bring the balanced budget into effect. so legislation that calls for massive new federal government spending like the health care reform bill on the table today would probably not be considered in its current form. instead, the kind of reform i think most americans want which would be incremental reforms of things like -- a lot of people buy insurance across state lines, medical liability reform, a