I am pleased and proud to follow my colleague from Idaho. What we are hearing about is all the challenges that face our Nation, and there are many of them right now. This massive set of budget deficits and overall debt we face--it is a crippling debt--requires probably the most serious and difficult effort we are facing right now as a people. A strong country--I heard Senator Wyden say this, in effect--is a solvent country. Conversely, a broke country is a weak country. I can't help but remember Erskine Bowles, the Cochairman of the Commission we are talking about today. He was asked: Why are interest rates still low? Why are our bonds still desirable? He said: Don't let's fool ourselves. Senator Chambliss would appreciate this because he used a Southern turn of phrase. He said: Look, we are still the best looking horse in the glue factory. That is the only reason that our interest rates and our bonds are still strong. What do we do about that? There is a way forward. The bipartisan commission has put in front of us a plan. None of us agree with every single item. It is a way forward. It is important to note of the 11 votes, 5 of those votes were Senators from our body. Five of the six Senators who represented us on this Commission voted to move forward. That is the way forward--for us to join together, Democrats and Republicans alike.
Editor's note · Context
Senator Udall addresses the challenges of national debt and the need for bipartisan solutions.
Share
More from Mark Udall
The 1872 mining law continues to allow mining corporations to take hard rock minerals from public lands without paying any royalties.
General Shelton, does the Air Force currently have a need for those satellite launches?
I rise today to speak about a piece of commonsense legislation the Senate is preparing to consider this week. The bill, which is called the Bring Jobs Home Act, sets out to do just what that name implies--bring good-paying jobs back to…
before I start my remarks on the historic day which was yesterday--when it comes to the publication of our long-in-the-making report on the CIA's torture program--I wish to thank the chairman for his leadership, his mentorship, and his…





