Mr. President, today the Senate passed disastrous legislation that I opposed, which increases spending by $322 billion with few offsets and suspends the debt limit for 2 years with absolutely no reforms to bring fiscal sanity to Washington. According to the Congressional Budget Office, in 2029, the net interest on our debt will near $1 trillion. The cost of our debt is a pending crisis but current rules for scoring the cost of legislative proposals do not tell the full story, like how much the bills will increase the debt and the subsequent cost of interest on that debt. This bill would require that information be included, which in turn would increase transparency for taxpayers, who will eventually foot the bill for this reckless spending. I urge my colleagues to join me in this commonsense proposal. ____________________
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