Mr. President, let me, first of all, thank the chairman of the committee for her great work in putting together what is this first step toward getting this issue that has plagued this body and plagued this country behind us. This budget, as I have said to her and others, wouldn't have been the exact one I would have drafted. However, it reflects the varying concerns of the Democratic caucus. It is a budget that is credible, that is real, that moves us forward, and that has as part of its core all of the critical ingredients. Anyone who has looked at this problem--I know the chairman of the committee has, I know the ranking member has; many of us have wrestled with this; all of the bipartisan groups have wrestled with this issue-- have all said we have to do three or four things. No. 1, we have to have additional revenues. No. 2, we have to do entitlement reform. No. 3, we do need, yes, smart, targeted cuts on both the discretionary side and the defense side. The Democratic budget, compared to what has now been as I understand in the last hour passed by the House, is the only document, the only budget that has all four of the component parts of any solution that will get this problem of the $16.5 trillion debt that our Nation faces, and a debt that goes up by $3 billion a day, to start putting a realistic, real plan in place to attack this problem in a real way.…
On the recordMarch 21, 2013
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