On the recordJuly 6, 2011
there is no question that we are at a point where we have to take substantial and painful steps to get our Nation's fiscal house in order. That is why we are rightfully working to tighten our Nation's belt at a time when American families are doing the same. I am here to talk about one major difference in the way Republicans have proposed to go about addressing our budget and the way American families, who understand shared sacrifice and equal burden, have done it. I will point out one glaring omission in the Republicans' plan amid all their tough talk about fiscal responsibility. I am here to ask Republicans why they are asking everyone to sacrifice except those who can afford it the most? I am here to ask them why they are willing to risk not only defaulting on our Nation's debt but also the health care and benefits our veterans rely on, pay for our troops, Social Security benefits, and the Medicare system our seniors are counting on--all to defend tax breaks for oil and gas companies, sweetheart deals for corporations, and the most generous tax rates wealthy Americans have enjoyed in 60 years. Sometimes it is hard for me to listen to some of my Republican colleagues talk at length about their newfound fiscal sensibilities on the Senate floor and in the press. It is difficult because, like many of them, I was here in 2000. I remember when President Clinton left office. We were on a course to completely pay down the $5.6 trillion debt by 2012.…





