We have a huge debt at the moment. I think if you look at the major contributing factors of that debt, they would include tax cuts that were unpaid for, supported strongly by the Republicans, which went dramatically to the richest Americans, and two wars that have been unpaid for. In fact, I think in a few weeks we are going to have to consider another supplemental Defense budget which at this point I do not believe is paid for and which I do not feel will engender any objection by the Republican side. It will include, given the nature of counterinsurgency operations, monies that will be used, ironically, to help develop productive jobs and build clinics and do things our soldiers must do to secure the peace in Afghanistan and Iraq. Yet at the same time we can't find that kind of money here without on offset to help Americans. So there is a question of priorities. There is a question of the deficit. Again, repeating something my colleague said, I too recall when we had a surplus. That was under the leadership of President Clinton. There were tough votes by my colleagues and myself. That surplus has dissipated. We are now in a severe situation with the deficit. The compelling priorities of Americans who need to work and can't find it yet are extremely persuasive and should be responded to by the success of the bill.
Editor's note · Context
The speaker addresses the national debt and its contributing factors, emphasizing the need for prioritizing American jobs.
Share
More from Jack Reed
When President Trump cuts military exercises to flatter a dictator or punishes South Korea for declining to join a war he started, all of our allies – and adversaries – think that America’s commitments are negotiable.
requiring all Department of Defense communications with Congress to be controlled by Secretary Hegseth's office raises serious questions about transparency and the timely flow of information that lawmakers need to conduct oversight.
This is good news for our fishermen, our climate, and our researchers.
today, I am introducing the Building Resilience and Stronger Communities Act, along with Senator Murkowski of Alaska. Our bipartisan bill would reinstate the Building Resilient Infrastructure and Communities, BRIC Program at the Federal…





