On the recordJuly 18, 2012
Madam President, earlier today, we had a colloquy on this floor talking about the devastating effects of sequestration, and I think we covered most everything. One of the significant parts of this is how we got here in the first place. Not many people realize that in our form of government the President of the United States, whether he is a Democrat or a Republican, comes out with a budget each year. Of course, we have not actually passed a budget in the Senate, so that becomes the budget. In his budget, starting 4 years ago, he has had, each year, in excess of $1 trillion of deficit each year. Add them all up and it is $5.3 trillion of deficit. I only mention that in conjunction with the concern we have on sequestration. How did we get here in the first place? This is something that is very much of a concern for us because it seems as if, when we look at all the increases, the deficit increases during this administration since 2008, the only area that has not been dealt with fairly, in terms of keeping up with our obligations, is national defense. I am not too surprised this happened, but it did. In fact, I can remember going over to--let me interrupt myself. Madam President, it is my understanding I have 30 minutes; is that correct? The PRESIDING OFFICER. There is no time allocation.