the Senator from Arizona's amendment is not the worst amendment in the world. But it simply does not address the problem. It essentially says that if we are going to sell an asset, let us get fair market value. That is not the problem, even though in cases it has a tendency to be the problem. But the problem is that we have been proposing around here to sell the PMA's. If you have a power marketing system in your State, there has been a proposal to sell it. We sold one in Alaska, just voted to sell the Uranium Enrichment Corporation. There have been proposals to sell Elk Hills. It is now on the block. I am not suggesting we are not going to get fair market value for it, even though we will not because it is money--as the Senator from Arizona says, the amount of money coming in over the next 30 years is more than we are going to get. All I am saying is, sell it if you want to, put it on infrastructure; but do not put it on the deficit when you have to come back next year and redress it.
Dale Bumpers: “the Senator from Arizona's amendment is not the worst amendment in the world. But it simply does not address the…”
Editor's note · Context
Discussing the implications of selling government assets during Senate debate.
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