On the recordJune 23, 2011
Mr. President, we heard an announcement today that the so-called ``Biden talks'' have broken down. It is not something that surprises me terribly. I have always said that I didn't think this was the right approach--to negotiate in secret some of the most important decisions this Nation has to make. In truth, we have never been in a more severe financial condition than we are today. Many remember the government shutdown in the 1990s and the fact the Nation ended up, out of that difficult contentious time, balancing the budget in 3 years. Well, I serve on the Budget Committee--the Presiding Officer is an able member of the Budget Committee--and we know it is not going to be easy. It is going to be very difficult to get this country on the right financial course. So I think the decision of the House majority leader and Senator Kyl to withdraw from the negotiations over the debt ceiling underscores the inherent problems with this kind of nonpublic meetings, designed to come up with some global, comprehensive settlement of apparently all our financial difficulties. It is just not easy. I think it underscores additionally a very important fact: that a President cannot lead from behind in dealing with the most pressing crisis our Nation faces--our exploding debt and the increasing damage that the debt is doing to the American economy right now.…





