Don Nickles: “Again, I just say that there are two sides to the question. We started some new spending programs. We have a program…”

“Again, I just say that there are two sides to the question. We started some new spending programs. We have a program called Kid Care, and the agreement was for it to be $16 billion. It has grown already to $24 billion. Guess what? That additional $8 billion is only for 5 years. We do not even pretend it goes the next 5 years. So what about if that program explodes? My point being, the motion of the Senator from North Dakota is if we do not meet deficit targets we have automatic tax increases, or we will tell people they can have capital gains for 5 years but not beyond, or tell people they can have an IRA this year, but not in the future? I think we should restrain spending, not increase taxes. I urge my colleagues to vote no on this motion. I yield the balance of my time.”