On the recordJune 28, 2011
Madam President, the last thing we need when we are trying to get back on track is a default crisis that would grind our economy to a halt and bury us under even more debt. Yet the latest round of Republican politicians threatening to default on our debt has made their priorities clear: They would rather stop paying our men and women fighting overseas, force deep cuts to Social Security and Medicare, and throw even more Americans out of work than tell big oil companies and corporate jet owners to pay their fair share. Clearly our Republican colleagues are serious about politics, not deficits. You cannot be serious about deficits and at the same time recklessly jeopardize our economic standing in the world in order to protect tax breaks for the wealthiest few. Yet that is what leaders such as Mitch McConnell seem to be saying. Yesterday my Republican colleague drew a line in the sand on cutting wasteful spending in the Tax Code, calling elimination of special interest giveaways politically impossible. Politically impossible? Really? Just two weeks ago 34 Senate Republicans joined Democrats in passing the repeal of subsidies to ethanol companies. Politically impossible? The landmark budget agreements of the 1990s brought us into balance and ushered in surpluses that took a balanced approach and created prosperity and job creation such as we have not seen in this decade. Politically impossible?…
Source
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