David Perdue: “as an outsider to this process in this body, when we get to a major issue like this, I really become very troubled. What…”

“as an outsider to this process in this body, when we get to a major issue like this, I really become very troubled. What we are trying to do today is historic. What we have been trying to do all year--this process has been under debate all year--is historic. I agree with my colleagues across the aisle, but I am going to use another word, a six-letter word, that I believe characterizes it the best. We absolutely have a debt crisis. There is no doubt about it. In the year 2000, the last year under President Clinton, this country had a $6 trillion Federal U.S. debt. At the end of George Bush's Presidency, we had a $10 trillion debt. Now, at the end of President Obama's administration--we added $10 trillion to the debt, such that today we end up with $20 trillion of debt on about a $19 to $20 trillion economy. Now, Mr. President, there are countries under World Bank fiscal watch that have stronger balance sheets than we do today. My concern is this. It is that both sides fight each other over this issue depending on who is in the White House and who has the majority in this body. The American people are fed up with it. But I have to say that this bill, what we are talking about doing today, is a con on the American people. Let's talk about what a con is. Over the last 100 years, we have had three political supermajorities. That is where one party or the other has a 60-vote majority in this body, where they can do basically what they want.…”