The purpose of this order is to create a mechanism to monitor total costs of direct spending programs.
The tax system will lift you out. You will be rewarded for your work.
It will get straightened out if it passes, because once the bill passes, reality takes over and the rhetoric shrinks.
Let me say, I believe first of all that what the Republicans have done, they ran this Government for 12 years.
I am tired of hearing about all the things we cannot do.
Those are the facts.
I want to make it clear that the Senators who are here and others strongly support what is being done.
This plan is fair.
The deficit reduction order creates a deficit reduction trust fund, an account in the Treasury that guarantees that the savings from the rec...
We are being given a chance now to demonstrate that vision and that will.
I believe it will pass.
This is a fair program.
As important as this plan is for reducing the budget and investment deficits, these Executive orders deal also with the trust deficit.
If we don't do it, this deficit will move up toward $500 billion and $600 million a year.
Nothing has done more to erode the confidence of the American people in our Government than our chronic failure to manage our finances.
There are three other opportunities we're going to have to cut spending to continue to drive the deficit down.
We have a budget deficit, we have an investment deficit, and we clearly have a trust deficit in America.
I think it would be better, from the point of view of the public trust and also more binding on Congress, if we can pass a separate piece of...
