On the recordMay 16, 2012
the fundamental question we as a Nation have to ask is: What are we going to do now? What are we going to do for the future? What is our plan for the future? The problem we have in this Senate is that the Democratic majority steadfastly and adamantly refuses to lay out their vision for the future while investing a considerable amount of time and effort in attacking anybody who does. They even voted down their own President's budget, as bad as it is--the most irresponsible budget ever submitted here, in my opinion. This is an odd situation we are in, and I will say that our country has never been in more danger financially. Erskine Bowles and Alan Simpson--Senator Conrad served on their committee--came before the Budget Committee, of which I am the ranking member, and told us in a signed statement--that this Nation has never faced a more predictable financial crisis. In other words, the course we are on today is unsustainable. They told us that. They told us it could happen within as little as 2 years, and that was over a year ago that they gave that testimony. We are in the danger zone financially. I know a lot of people would like to say it is not so, but it is so. Look at this chart. This chart shows the total debt of the eurozone, including the U.K., and the United States. Our debt exceeds that of the eurozone. We have a larger debt than they do.…
Source
govinfo.gov




