On the recordDecember 14, 2010
I wish to commend Senator Warner and Senator Chambliss in particular for their important work, and tomorrow it will be even more important given that this agreement will pass tonight. There is always another election around the corner, a big array of special interest groups that need to be satisfied, and the constant scream of public opinion polls that politicians live and die for. Why take action that could offend a group today if you can put it off for a while? In my view, the agreement that will pass tonight is a victory for the politics of procrastination. At a time when Americans are swimming in debt, more water will be put into the pool. Instead of taking steps to fix the market-distorting, job-killing Tax Code--last overhauled a quarter of a century ago when China and India were blips in the global economy--this vote, tonight, will prop up our broken Tax Code. Millions of Americans are out of work, small businesses are closing their doors, and instead of finding permanent solutions to the problem, the agreement is smiling like Scarlett O'Hara and saying: Fiddle-dee-dee, I will think about it tomorrow. The agreement doesn't come close to what is needed to get our economy back on track. In many ways, this deal will make the problems worse. For one, it adds more to the deficit than TARP, more than the 2009 stimulus bill--858 billion more dollars will be added to the national debt.





