On the recordJune 30, 2011
I thank Senator Johnson, and I too yesterday watched the President's lecture on television. I watched it again this morning just to make sure I was well informed before I came here. My reaction is twofold. One, I am disappointed, and the other is I was alarmed. First, I am disappointed because America does not have a tradition of class warfare. It has never been a part of our Nation. In fact, one of the things that distinguishes us from the world is Americans have never believed that somehow we have to take money away from somebody else in order to be better off. On the contrary, we have always looked to advance the cause of everyone in the belief we can all be prosperous and in the hopes of growing our economy that way. That is the American tradition, and that has served our Nation well. Unfortunately, you wouldn't know that from the speech yesterday--the rhetoric that, quite frankly, was deeply disappointing. The idea that if we raise taxes, as the President said yesterday, on millionaires and billionaires, raise taxes on oil companies, raise taxes on owners of private jets, that will somehow make a difference in America's debt in terms of having a real impact, is not only misleading, it is, quite frankly, disappointing. It is class warfare and the kind of language you would expect from the leader of a Third World country, not the President of the United States. I am also alarmed and worried about the speech because I think from it you can take only two things.…





