Kent Conrad: “I believe this is a defining moment for this Chamber and for this Congress. The question before the body is will we…”

“I believe this is a defining moment for this Chamber and for this Congress. The question before the body is will we adopt a special process to face up to the debt threat looming over this Nation. We are headed, I say to my colleagues, for a debt 400 percent of the gross domestic product of this country. Senator Gregg and I have proposed, in a bipartisan way, with bipartisan cosponsorship, a plan to look at spending and revenues. The revenues are the lowest they have been in 60 years. The spending is the highest it has been in 60 years. It is time for us to take on this challenge, to do it together, to strengthen our Nation. I urge our colleagues to vote aye.”