On the recordFebruary 14, 2012
I would say to the Senator from Alabama that it was interesting to me because at the White House Fiscal Responsibility Summit in February of 2009--this is in the context of discussing our unsustainable budget deficits--President Obama said the following: Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences to the next budget of the next administration or the next generation. That is exactly what he has been doing now for 4 years, literally-- every budget, every year. We think, OK, maybe this year the President is going to get serious because we have serious problems and these are serious times in which we are living and we have to get the situation turned around or we are headed for certain disaster. Yet, last year, as was noted, the President's budget when it was put on the floor of the Senate did not garner a single vote here--not a single vote. It was 97 to 0. It was unanimously rejected by the Senate, Members on both sides voting against it. This year one would think, OK, the situation has gotten much worse. Our fiscal situation has deteriorated even more. The amount of debt we have racked up is continuing to accumulate.…





