Mr. President, this has been a very interesting debate. It really gets to the heart of the larger amendment on Capitol Hill and in the minds of all Americans. How are we going to close this budget deficit, annual deficit, and how are we going to substantially reduce the national debt? I am pleased this discussion is taking place on this bill because the intention of this legislation is to close that gap by creating jobs. Some Senators actually believe we can accomplish that by cutting discretionary spending alone. The Senator from Kentucky, Mr. Paul, was arguing along that line, that if we just accept his amendment, which I will strongly object to, and cut $200 billion out of the discretionary side of the budget, that will get us in the direction we need to go. All that will do is eat the seed corn this country needs to invest in important things such as infrastructure and education to secure the future for our children and grandchildren. I remind Senators that since 1982, military discretionary spending has never dropped below 5.5 percent in any given year. The Paul amendment, if adopted--and I doubt it will be--would propose a 50- percent reduction in the discretionary funding of Education, Energy, Housing and Urban Development. It is a drastic cut that would not support a foundation for growth and expansion.…
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