Byron Dorgan: “I think it suggests that there is false advertising involved here. In the commercial sector, we have the Federal Trade…”

“I think it suggests that there is false advertising involved here. In the commercial sector, we have the Federal Trade Commission that regulates that kind of thing, but in politics it cannot be regulated. It seems clear to me that you have a $1 trillion increase in gross indebtedness. If anybody comes to the floor of the Senate--and if they would, I would love to spend time with them, and I will be available--to talk about indebtedness and whether the liabilities incurred by Federal agencies and programs that we must meet--whether those are real liabilities--and I think they are--then we have an increase in gross indebtedness by $1.1 trillion in the next 10 years. At the same time, we have people advertising that there is so much money that we need to create a huge tax cut, the bulk of which will go to the top 1 percent of the taxpayers, and that is fine because we are paying down the debt at the same time. That is fundamentally untrue. Gross debt will increase by over a trillion dollars. That is the bottom line.”