On the recordJuly 30, 2011
the Senator from Alaska is here to finish out this segment, which is focusing on the difficulties that businesses are going to have. I thank the Senator from Minnesota for joining us for this segment. I just want to get something in the Record before yielding to the Senator from Alaska. I said the spending is high, 25 percent of GDP. Everyone acknowledges that. We are working hard to get it down. But I want to put in the Record that revenues coming into the Treasury are the lowest since World War II, at 14 percent. We do not have revenues in this solution because Democrats have compromised and conceded on this point, which is a very difficult compromise for us to make when faced with the truth of the situation. But in trying to compromise, we have done that. We have not been met halfway. I hope the minority leader will reengage with the majority leader--having said last night he did not believe he wanted to engage with the majority leader to try to come to a compromise--because businesses are depending on it. Finally, I ask unanimous consent to have printed in the Record an excellent column in the Washington Post today to capstone my remarks. There being no objection, the material was ordered to be printed in the Record, as follows: [From the Washington Post] (By Colbert I.…





