As I understand the situation, the 2 minutes of debate has already occurred on the Enzi amendment. We are now under 2 minutes of debate on the second-degree amendment, which is the Ensign amendment. Is that correct? The PRESIDING OFFICER. The Senator is correct.
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The classic example of this is ObamaCare. It was pushed through on a partisan vote.
But there is no question that if you are going to address this issue in a way that has substantive impact on the future of our Nation, the prosperity of our children, and our standard of living, it is the second 10 years, and the third 10…
I think Simpson-Bowles got it right on this point. We reduced deductions and exemptions so that we generated $1.1 trillion of revenue every year.
Why would we do it? Because it makes no sense, from the standpoint of policy.