Byron Dorgan: “As you know, we have a Federal budget deficit that will be in this fiscal year the largest in the history of this…”

“As you know, we have a Federal budget deficit that will be in this fiscal year the largest in the history of this country, by far. They say now there will be over a $530 billion Federal budget deficit in this fiscal year. I think everyone understands that saddling our children and their children with debt they must pay because this President and this Congress has decided we will spend money we don't have--we will borrow it and saddle someone else with the responsibility to pay it--is wrongheaded fiscal policy. It is bad for this country; it doesn't represent a value system that we should embrace, and, second, in the long-term it retards economic growth and crushes opportunity in the future for our children and those who follow them. My hope is we will begin to address this issue of fiscal policy.”