On the recordJanuary 25, 2011
Madam President, in recent months President Obama has frequently discussed our Nation's disturbing fiscal situation. He is right to do so. Our yearly deficits and accumulated debt hang over the futures of our children and grandchildren like a sword of Damocles. Though he was late to the table on this issue, President Obama seems to have finally recognized the frustration and anger of the American people over our Federal fiscal policy. Recognizing that you have a problem is an important first step, and I applaud the administration for speaking about our Nation's structural deficits. But this is a critical issue, and any solution will require that those responsible give a full and fair accounting of the policies that led to this crisis. Unfortunately, rather than own up to his administration's complicity in our fiscal imbalance, the President prefers to blame our current and future fiscal problems on the previous administration. For this President, the buck always seems to stop over there. This trope is getting old. Well before citizens began organizing against this administration and its historic spending spree, the President and his Democratic allies in Congress were justifying their stimulus program by blaming the previous administration. Yet trying to pass off the consequences of the last 2 years on a long-retired President and a Congress that ended over 4 years ago is no longer plausible.…





