I rise briefly to commend the work of the Gang of 6 and what they have done for our country in what is a complicated proposal with details forthcoming but largely reflecting the actions of the bipartisan deficit commission and what could be between a $3.5 trillion and $4.5 trillion reduction in the borrowing needs of the United States. Specifically, so often we do not thank our colleagues here, but I want to thank especially Senator Coburn, Senator Crapo, and Senator Chambliss on the Republican side, Senator Warner, Senator Conrad, and Senator Durbin on the Democratic side, because I think they are creating a vital center on what is the most important issue facing the country. I believe the outlines of the plan, as I understand it tonight, will dramatically reassure the American people, our markets, and especially our allies overseas that a free people and their elected representatives can kick their spending habit over time. At the meeting this morning we had 43 Senators attending, 23 Republicans and 20 Democrats. In this age of very complicated and tight schedules, that is a mass meeting of the Senate. I conclude by saying this may be the rise of the policy wonks as opposed to partisans of either side, to actually address the solid details of what is the most difficult financial problem facing the country.…
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I am dismayed that... not once did the Administration ever share that this was a pending item and/or that it was in the midst of a potential negotiation.
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