On the recordOctober 26, 2011
It could not be stated more appropriately. The 99ers and all Americans should speak out and demand a vote on this. Now, the President has pointed out that it should be a three-legged stool. It should be revenues, we need to cut back on other expenditures, and we need to invest in jobs. Right now, we have roughly 15 percent of our GDP is revenues, but our expenditures are roughly 35 percent. The gentleman points out the tax on millionaires and other areas that they were looking at. You have to bring that in balance. You cannot continue with 35 percent of the GDP being expenditures and only 15 percent being revenues. Granted, we do have to cut back, and that's what the supercommittee is working on, but it needs to be a balanced approach. Actually, that's what's always worked in the past. It's always been a balanced approach. That's the only way we can get this country on firm ground to reduce our debt, reduce our deficit, invest in opportunities, innovation, and jobs for the future. You expressed it very well, and I support your efforts here tonight.
