Our economy, as the Presiding Officer and others know, demands two major priorities from Congress right now: to reduce spending and to foster job creation. Equally important, you cannot do one without the other. We cannot only cut our way to prosperity. They cannot be mutually exclusive goals. We can make sensible reforms that reduce the deficit while promoting job creation. Here is what we should be talking about: first, closing tax loopholes for companies that ship jobs overseas and encourage American job creation. That saves $19 billion over 10 years. It will mean companies choosing to manufacture in the United States instead of China, instead of Mexico, in many cases. My State, Ohio, is the third leading manufacturing State in the country. We produce more than any other State except California, three times our population, and Texas, twice our population. Second, let's give faster access to generic drugs to treat breast cancer and MS and rheumatoid arthritis. That saves $2.3 billion over 10 years. It saves for taxpayers. It saves for insurance companies, meaning insurance rates will go up at a much lower rate. It saves for individuals reaching into their pocket and paying copays. Third, let's strengthen and streamline the farm safety net. That saves $20 billion over 10 years. There is simply no reason that large farmers who have profitable years need to get direct payments, need to get farm subsidies. Establishing a safety net makes sense.…
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