On the recordMay 11, 2011
Madam President, a headline in the Hill today reads ``Budgets everywhere, but not [a single] one has votes to pass.'' Well, that is not exactly correct. In reality, there is only one budget that has been presented, publicly debated, worked on in committee, shared with the American people, and passed on the floor in one house, and that is the budget of the Republican House. Paul Ryan led the fight on that, and it is a courageous, serious budget that would restore fiscal sanity and prosperity to this Nation. It deals with our short-term funding crisis and the long-term ability of our financial system. We had another budget presented by President Obama. It was an irresponsible budget. The budget presented by the President to the Senate is about this thick. It is required by law that the President submit one every year. He has around 500 people in the budget office who help prepare that. That budget--analyzed by the CBO, our independent group of analysts--was found to not reduce the debt path we are on but to actually increase the debt over 10 years more than would occur based on the Congressional Budget Office baseline we are already on--substantially, $2 trillion more. It has tax increases in it too. This is not a responsible budget. It was never received responsibly in the Senate and not by the independent commentators. They all said it fails to do the job we have to do.…





