On the recordDecember 4, 2010
what this debate is about is whether we continue to take money from the middle class and working families of this country who are struggling in a way they have not struggled since the Great Depression and force their kids to borrow huge sums of money in order to provide $700 billion over a 10-year period to the wealthiest people in this country. I hear my Republican friends, time and time again, coming down to the floor of the Senate, say we have a huge deficit, we have a huge national debt. Yet today what they want to do is to drive that national debt up by $700 billion over the next 10 years in order to give huge tax breaks to millionaires and billionaires. So please, my friends, say what you want, but stop talking about the deficit and the national debt when what you are doing today is driving that debt up by $700 billion over the next 10 years. Secondly, everybody in America knows what is going on in our country today is that the middle class is collapsing, poverty is increasing, but the people on top are doing phenomenally well. In the last 25 years, 80 percent of all new income created in this country went to the top 1 percent. You don't have to worry about the top 1 percent. The millionaires and the billionaires in this country are doing fine. They do not need a huge tax increase. Today, in America, we have the most unequal distribution of income and wealth that we have had in this country since before the Great Depression.





