On the recordDecember 14, 2010
Mr. President, for a moment, I also want to note the passing of Richard Holbrooke, a distinguished ambassador, somebody who has played a key role in working on the policy towards Iraq and Afghanistan. Richard Holbrooke was a giant in American diplomatic history. Richard Holbrooke was a friend. I actually was with him the Sunday before he passed away and was shocked to learn that he had been stricken; even more shocked to learn that he passed away on Monday. Richard Holbrooke leaves an extraordinary legacy of working for peace and for advancing the interests of this country. Richard Holbrooke will be missed. Mr. President, I have come to the floor to discuss the tax extension package before us. I support this package because it will provide, I believe, a significant boost to the economy next year. It is necessary because the alternative would be a significant tax increase on millions of middle-class families in just a matter of weeks. I recognize this package will increase the deficit over the next 2 years, but we need to distinguish between what is the right economic policy short term and longer term. Short term, I don't think there is any question that this economy remains weak, unemployment stubbornly high, and that means we need to do more to provide liquidity in the short term. That does not mean that we should ignore the growing debt that is all around us. That is a longer term challenge, but it requires our urgent attention.…





