On the recordJuly 26, 2011
Madam President, throughout the course of this debt ceiling debate, the American people have watched in utter disbelief of what they have seen. They understand we need to get our fiscal house in order; they see what has gotten us into this mess; and they want it stopped before they agree to give us blanket authority to raise the debt limit. What they are saying is we must spend within our means just as they have to do. We have a way to do that. It is the cut, cap, and balance plan. It has already passed the House. The companion bill, with 39 cosponsors, has the support so it should be considered in this Chamber as well. I am proud to say I am one of those 39 cosponsors of the Senate bill. I signed onto the cut, cap, and balance bill because the American people--and more specifically the people of Arkansas--have demanded that we address this crisis now, not later. They know Washington is not good with remembering to follow through on the things they promise to do later. Some will say this is too simple an answer. They say the fiscal mess in which we find ourselves is a complex problem. It is not though. Just look at the numbers. This year alone we will spend $3.7 trillion while collecting only $2.2 trillion. We borrow 40 cents of every dollar we spend. President Obama and the Democratic majority in this Chamber will say the way to fix this problem is to raise taxes.…





