Bill Nelson: “I think it is budget fakery and that, although it has certainly been employed on both sides of the aisle over the years…”

“I think it is budget fakery and that, although it has certainly been employed on both sides of the aisle over the years in the history of this Republic, particularly at a time now where the numbers are getting so large, where the annual deficit--that is spending more than we have coming in in revenue--is getting so large, if you believe the figures the Senator from South Carolina has just spoken about from a budget document that was just released--upwards of $500 billion on one page and upwards of $700 billion on another page-- that is spending that much more in this fiscal year than we have coming in in revenue--that is not a way to get our economic engine purring again. That is not a way of stopping the economic recession. Because if there are more people chasing the available dollars that we need to borrow, then there is more demand on the money. What is going to be the result on the cost of the money? The cost of the money is going to go up. That is going to be the interest rates that are going to go up, and that is all the more going to stall us trying to get out of the recession.”