On the recordMay 8, 2013
Mr. President, while it is not unexpected, I am disappointed. The nub of this issue, as commentators from left to right, Democrat and Republican, pointed out, is if we are going to avoid the path we are on, the path of sequestration, which was set up to be literally the worst possible option--which right now is seeing cuts made in the most unsophisticated, unplanned, and inefficient way possible, plans that, if we continue on the path we are on, would so dramatically cut back this country's investments in education, infrastructure, research and development, that I don't believe, as a former business person, that America will be able to compete with the kind of economic growth we need to maintain our economy. If we are going to avoid those kinds of Draconian cuts, if we are going to have a rational business plan for our country, I think most of us, or at least an overwhelming majority of the Senate, would recognize we have to generate both some additional revenues and--while there may be some on my side who disagree--we have to find ways to reform entitlement programs to make sure Medicare and Social Security are going to be there 30 years from now. The only way to get that done is to take the House product, which focuses particularly on entitlement reform, combine it with the Senate product that makes reasonable increases in revenues and starts us on a path on changes in some of our entitlement programs but also puts in place a more reasonable and balanced approach on cuts.…
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