On the recordOctober 9, 2013
I thank the Chair. I truly thank my colleague. He is a great colleague to work with. People are always telling stories about how people don't work together. I can tell my colleagues that the Senator from Delaware Mr. Carper and I work together. He is my chairman, and I am the ranking member on the Homeland Security and Governmental Affairs Committee, where most of this information came from, and he helped dig it up. What I say is we have an opportunity to do that. We have an opportunity for Democrats and Republicans to come together, forge a compromise, make major changes that are necessary and absolutely required if we are going to have a secure future. I think we ought to look at it. So we put together a plan that has $3 trillion--that is $300 billion over 10 years--in discretionary spending; that is nonmandatory. It has $1 trillion in defense spending, which is about what we already have. Health care entitlements is $2.7 trillion, and we can go into the details of that. Tax Code simplification, $1 trillion to come back to the Federal Government. Interest payment savings of $1.3 trillion, and Social Security reform that says it will be healthy for the next 75 years. That comes to $9 trillion that our kids aren't going to have to pay back. That is $9 trillion in money we are not going to borrow.…





