On the recordFebruary 26, 2013
I thank my colleague from Arkansas for yielding. When we talk about sequestration, when we talk about deficit reduction, it is important to put that discussion in a broader context. The broader context needs to be, No. 1, what is the fairest way to move toward deficit reduction and what is the best approach in terms of economic policy making our country strong and creating jobs. I fear very much the debate we are currently having has very little to do with financial issues. I believe it has a lot to do with ideology. It is all about economic winners and losers in our country. It is all about the power of big money. It is all about the soul of what America is supposed to be. You may have noticed there was a poll done. I can't remember who did it, but it was consistent with all the other polls I have seen. They asked the American people: Are you concerned about deficit reduction? Do you think we should cut Social Security and Medicare? Overwhelmingly, Democrats said no, Republicans said no. Yet here in the Congress, surrounded by lobbyists and campaign contributors who are very wealthy, that is where we are heading. We are heading toward a so-called chained CPI, which very few people outside the beltway understand. This will mean cuts, significant cuts in Social Security and in benefits for disabled veterans. The American people say we think the wealthiest people in this country should help us with deficit reduction, protect the safety net.…





