On the recordApril 7, 2011
And I would say to my friend, look, I wish we were not here. I wish that, going back to 2001, 2002, I wish President Bush hadn't had the country take a voluntary pay cut. We were on the road to a surplus. We were almost done getting rid of the debt. But, no, we are just the opposite right now because we took a voluntary pay cut to this country. Then we prosecute two big wars, to the tune of a trillion dollars. And under the Bush administration, they had those wars on a whole set of different books. They didn't really account for it as part of the debt of this country. Now, under President Obama, we have real accounting, so we know how bad the books look. And then we had this crash on Wall Street. Now those things all add up to a lot of debt. There is no doubt about it. And when the country hit the crash, the income to the country dropped and the expenses went up. I don't think we should ever forget how we got here, but we are here, and we have to deal with it. So I respect people who want to confront this, but the values and the priorities that are being expressed by the Republican Party in how to deal with this are just so misplaced. They want to maintain the tax cuts for millionaires and billionaires. They want to maintain tax cuts that encourage people to send jobs overseas. And they want to maintain tax cuts for oil companies when we are at $105 or $106 a barrel, for goodness sake. You don't need much encouragement to start drilling at that high a price.…





