Edolphus Towns: “Let me just sort of set the record straight and explain things. When President Obama came into office, we were in debt…”

“Let me just sort of set the record straight and explain things. When President Obama came into office, we were in debt, and we were also involved in two wars. And when President Clinton left office, there was a surplus. So we need to make certain that we keep our facts in line. So I stand here this morning with the Out of Poverty Caucus to voice my opposition to the Cut, Cap, and Balance Act passed by this body yesterday. Furthermore, I'm very disturbed that many of the policies being promoted by some of my colleagues are unjust and they are just plain wrong. Cutting back on Medicare and Social Security is unfair to the senior citizens who have worked hard all of their lives and should not have to worry at this point whether they can afford to go to the doctor or buy the medicine that they need. Let me add, I am baffled at times by the fact that many of my colleagues refuse to even consider how unjust their proposals are. Yes, we must reduce our debt burden. I agree with that. But it is unjust to balance the budget on the backs of the poor and most vulnerable citizens in our Nation. The wealthy must join in the sacrifice. They must be included. According to a report by the Center on Budget and Policy Priorities, two-thirds of the income gains in the United States from 2002 to 2007 went to the top 1 percent of the income earners. Many of my colleagues are saying give them more tax breaks. They're not even asking for more. But they're saying give them more.…”