On the recordJuly 21, 2010
Mr. President, my high school English teacher always used to say: All right, let's review things. So let's review things just for a moment. I have listened to some of this debate in the Senate today, and as best as I can tell, we have people standing, saying the deficit is a bad thing. I think there is general agreement about that in the Senate, and we have to do something about it. There is general agreement about that. They say: We are going to make our last stand here on this deficit with respect to those who are out of work and who need extension of unemployment benefits. We were quick to give help to the wealthiest Americans, to the biggest investment banks that needed help. We gave hundreds of billions of dollars to those interests at the top of the economic ladder, who nearly ran the country right into the ditch. But those at the bottom of the ladder, who are out of work, who are unemployed, and who are having trouble, that is where they say they are making their last stand on deficits. So let me try to understand this with a review. We are told the deficit is too high; that we cannot give help to the unemployed in the manner we used to give help to the unemployed. We always did that when there was an economic downturn. We have always done that. But, oh, by the way, what we need to do is to repeal the estate tax for the wealthiest individuals in America. I don't know. I took mathematics in a high school senior class of nine students, and I passed it at least.…





