The President says he is going to veto this bill, but the irony is--and the chairman sits on the floor--the Director of the Office of Management and Budget has submitted a budget on behalf of the administration to respond exactly to the questions that this bill wants to ask. For the first time in 41 years, the administration has been refused the opportunity to testify, which The Washington Post called, gratuitously, contemptuous. And then my friends have the audacity to bring a bill on the floor in the same week and ask the Secretary of the Treasury to come down and testify, talk about the debt when we know darn well why the debt is what it is. It is our responsibility, because we incur it, to make sure that we pay our debt. That is our moral responsibility, as well as our constitutional responsibility. This is politics at its most contemptuous level. It is to pretend that somehow the President is responsible. My friends, we ought to reject this bill not because of the bill itself, but we get this information, as has been so often said. We already get this information. You don't need the Secretary of the Treasury to come down here and give it to us. He testifies before the Committee on Ways and Means; he testifies before other committees. Let's reject this bill because it is phony, not because substantively we don't need this information. We have it. It is redundant.…
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