I follow my colleague who mentioned our need to prevent default. The need we have--the reason we are here and why there will be a vote in the House and the Senate tonight--has to do with the need of our Nation to prevent default, and also, of course, the need to cut spending. Our problem is that we spend too much. Americans all around the country are calling in to Members of the House and Senate and saying: Hey, let's get things under control and let's cut the spending. My friends on the other side of the aisle, I am happy to see with the proposals being brought forth, are beginning to understand what my constituents in Wyoming have known from the very beginning: Americans are not taxed too little, Washington spends too much. But the President seems to be more concerned about the next election than about the next generation of Americans. I was astonished last week when the President was addressing the Nation and he talked about what his bottom line was in this whole debate. He said: The only bottom line I have is that we have to extend this debt ceiling through the next election, into 2013. This was the President of the United States saying this: The only bottom line I have is that we have to extend this debt ceiling through the next election, into 2013. Since 1962, the debt ceiling has been raised 74 times. On average, the debt ceiling is usually for about 8 months.…
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