Byron Dorgan: “I agree with that analysis. I sat in that Chamber last evening. A joint session is always a wonderful privilege, to hear…”

“I agree with that analysis. I sat in that Chamber last evening. A joint session is always a wonderful privilege, to hear the President give the State of the Union Address. I was thinking, everyone is sitting here in dark suits and pretty well dressed up for a big occasion. Not one person in that Chamber is going to have their job lost because it was shipped overseas someplace in search of cheap labor. Nobody in this Chamber, nobody in the Senate has ever lost their job because somebody decided to outsource it to China for 30 cents an hour labor. A lot of working people have to come home at the end of the day and say: Honey, I was given notice today. I lost my job because they found somebody halfway around the world who will do it for 20 cents an hour. They told me I can't compete with that. Our family can't live on that. Just talking about the trade piece of this, the President completely ignores that. There ought to be a summit meeting at this point, if you have $1.3 trillion of red ink in 1 year. They say the budget deficit is only $300 billion, $275 billion. It is not. Take a look at the budget policy and find out how much we are going to increase the debt in this year. The debt is going to increase by $600 billion on the budget side and $700 to $800 billion on the trade side. That is $1.3 trillion off the track in one single year, 10 percent of our economic output. The fact is, that is unsustainable and is going to run this country's economy into a ditch.”