On the recordJune 14, 2012
I thank my colleague for those insights because this is a bit disappointing. It is more than disappointing. The President said, again, that he has a plan, and he has a vision ``of how to create strong, sustained growth,'' and ``how to pay down our long-term debt.'' He does not have such a plan. His plan comes nowhere close to balancing the budget. In 10 years, the lowest single deficit he would have is $488 billion, according to the Congressional Budget Office--not me, the independent Congressional Budget Office. His statement is not accurate. How can we have a bipartisan discussion on how to solve the sustained debt threat we have in this Nation if the President goes around saying his plan will help pay down our debt? It does not pay down the debt. It does not come close to paying down the debt. He said that last year, and I grilled his Budget Director at a Budget Committee hearing. He could not defend that statement because it is indefensible. Nobody can defend that statement. And I say to any Member of this Congress, this Senate--a Democratic Member--I urge you to come down and tell me if the plan laid out by the President of the United States--the only plan we have seen, his budget--pays down the debt. It does not. He goes on to say in this speech: I've signed a law-- Forgive me if this is distressing to me, but we have been involved in the discussion a good long time. We have the U.S.…
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