On the recordJuly 12, 2011
We all know this debt isn't just going to go away. We all know we can't just close our eyes and click our heels and wish our debts away. In their report, the National Commission on Fiscal Responsibility and Reform wrote that ``every modest sacrifice we refuse to make today only forces far greater sacrifices of hope and opportunity upon the next generation.'' And they are right. A relatively small industry such as ethanol is willing to put two-thirds of its tax breaks on the table for deficit reduction immediately. The much larger and much more profitable oil industry can certainly afford to do the same, if not more. I thank the Chair, and I yield the floor. The ACTING PRESIDENT pro tempore. The Senator from Alabama. ____________________





