On the recordMarch 22, 2013
I thank Senator Murray. She has been a great person to work with. She is firm, clear, and tough, and has moved us forward. I always felt that when she made a decision, it was justified. She kept us under control and let us fuss and complain a bit. The content of the plan that the majority has moved forward I think explains why they have had difficulty revealing it from the beginning. It is because it is not the kind of budget that can be defended effectively. Honest people can disagree on policy, but there can be no disagreement, I believe, on the need to change our Nation's debt course. A singular truth that no one can escape is that the House budget changes our debt course while the Senate budget does not. The Senate budget increases taxes, increases spending, and during that 10-year period another $7.3 trillion will be added to the debt. There will be no real deficit reduction, and it never balances. Republicans have given opportunity after opportunity, through votes, to produce a balanced budget, but that has been rejected. The massive debt we racked up to finance our wasteful government is pulling down economic growth today. This is so important for us to understand. Gross debt--over 90 percent of GDP--weakens growth; not tomorrow, it is weakening growth today. In other words, continuing to borrow to bail out the government, and keep checks flowing, creates debt that pulls down wages, jobs, and job creation.…
Source
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