On the recordMarch 17, 2011
Mr. President, we will soon be voting on a continuing resolution to continue funding the U.S. Government for 3 weeks. I believe that will reduce spending over that 3-week period by $2 billion a week, which is far less than the debt we are incurring in each of those weeks, but it is significant progress. Add it to the $4 billion we did in the previous 2-week CR. I will support this continuing resolution. It keeps us on track to achieve a $61-billion reduction in Federal spending this fiscal year, which ends September 30. It is important we take action. It is a matter that is important financially to American business interests and foreign business interests that may be thinking of investing in the United States and people who might buy our huge number of Treasury bills that we sell each week and are purchased by people all over the world. They want to know if we have our house in order, if this is a safe place to invest their money. We need to do something now. When our majority leader, Senator Reid, proposed not $61 billion but that we reduce spending only $4 billion throughout the rest of this fiscal year, I said then and believe now that is only a product of being in the Washington bubble. We are in denial of the reality of the crisis we face. I do not want to talk down the American economy. I believe the American worker is willing to work, is competitive, but we cannot burden that worker with excessive debt. How does that happen?…





