On the recordApril 14, 2011
I yield myself such time as I may consume. Mr. Chairman, everyone in this Chamber loves America and everybody in this Chamber wants to preserve the dynamism of this country and American exceptionalism. We also all agree that we have to reduce our deficits in a steady and predictable way. The question is how we do that, and we have very different views of how we should do that. Later this evening and tomorrow, we will debate a Democratic alternative budget which will strengthen our economy, promote job growth, and decrease the deficit in a steady, predictable and responsible way, but the Republican budget is the wrong choice for America. I urge every American to read this budget because if you do, no amount of spin can hide the fact that this is a wrong turn for America. It is a yellow brick road for the already prosperous, but it's a dead end for the rest. Just today, we had an analysis come out from the former economic adviser to John McCain when he was running for President, Mark Zandi, the chief economist at Moody's Analytics, who said that the Republican plan will cost Americans 1.7 million jobs by the year 2014, with 900,000 jobs lost next year. And the Republican budget violates the warning from the bipartisan commission that we need to do the cuts and the deficit reduction in a responsible way.…
