the budget conferees are working to reach agreement on the fiscal 2014 budget, and I compliment Senator Murray for the great work she has done. I want to join those who have expressed strong support for their efforts. We all know what the consequences will be if they do not reach agreement on a budget. We will have draconian cuts to defense acquisitions and readiness, to social safety net programs, to infrastructure, to public schools, and to police. Every Federal program is going to suffer, and every American in my State and in the other 49 States, will feel the impact. Having been in the Senate a long time, I know that anything that gets done around here happens as a result of compromise. Nobody gets everything he or she wants. When it comes to a budget agreement, it means you have to have additional savings, but you also need increased revenues. There is no other way. You have to do both. I think back to the time when we not only had balanced budgets, but we also had a surplus; in the last Democratic administration, for example. We did not have these kinds of specialized tax cuts to those in the highest bracket. Ironically, those in the highest bracket made more money during that time because the whole economy was better. Those who think it can be done by only cutting spending, or by only closing corporate tax loopholes, but not by doing both together, are legislators in name only.…
On the recordNovember 6, 2013
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