Jerry Moran said "The deal that Republican Senate leader Mitch McConnell was able to get his colleagues to pass last night is a bad deal for America and a worse deal for our children's future. It's the largest increase in public debt that this body will have ever passed-- more than $5 trillion from today's current law. Our deficit this year alone is likely to be about $1.3 trillion. This would reduce it down to $1.24 trillion with $60 billion of new revenues that it gains. Most importantly, it sets up three more fiscal cliffs over the next 3 months when appropriations spending expires on March 27, when the debt ceiling has to be increased at the end of February, and when the sequester has to be dealt with at the very same time. So all we've done is to stumble forward into an even less predictable situation with far fewer resources to invest in our Nation and our children's future. ___________________

On the recordJanuary 1, 2013

The deal that Republican Senate leader Mitch McConnell was able to get his colleagues to pass last night is a bad deal for America and a worse deal for our children's future. It's the largest increase in public debt that this body will have ever passed-- more than $5 trillion from today's current law. Our deficit this year alone is likely to be about $1.3 trillion. This would reduce it down to $1.24 trillion with $60 billion of new revenues that it gains. Most importantly, it sets up three more fiscal cliffs over the next 3 months when appropriations spending expires on March 27, when the debt ceiling has to be increased at the end of February, and when the sequester has to be dealt with at the very same time. So all we've done is to stumble forward into an even less predictable situation with far fewer resources to invest in our Nation and our children's future. ____________________

Said by

Jerry Moran

Republican · Kansas

Source

govinfo.gov

Share on X Share on Facebook Email this quote