On the recordMay 16, 2012
Madam President, like the previous three Republican budgets, this budget is silent on student interest rates. Anyone who asserts otherwise for good political theatre should know that it is untrue. This budget has nothing to do with student interest rates. I think we should have a debate on a little higher plane. We are borrowing $50,000 a second. We are borrowing $4 billion a day, over $1 trillion a year. While America burns through a century of wealth, the President fiddles. The President's friends fuss and they produce no budget. This budget balances in 5 years. It saves Social Security. It saves Medicare. It reforms and simplifies the Tax Code. I urge my colleagues to act now and vote for a budget that balances. Do something to save America from this looming debt crisis. I yield the floor. The PRESIDING OFFICER. The Senator from North Dakota is recognized.
Source
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