Mr. President, I rise today to express my disappointment that the administration and my friends on the other side of the aisle continue to avoid making the hard decisions to address our Nation's significant debt and annual deficits. Instead, they are turning the Nation's attention to a talking point, a shell, a sham, a political hoax designed to distract this country from our real financial problems and the real solutions we will need to get us out of this mess. The Paying a Fair Share Act of 2012, dubbed the Buffett rule, that they describe as restoring tax fairness does nothing to address the fiscal disaster we are facing. The Buffett rule is, by President Obama's own admission, a gimmick. My friends, our country can no longer afford photo-op governance. The national debt has risen to over $15 trillion, or nearly $48,000 per person in the United States, and this figure keeps rising under an administration that consistently fights spending cuts of any kind. We must make spending cuts if we are going to solve our fiscal problems. Remember the President's debt commission, the Simpson-Bowles debt commission the President appointed then summarily ignored? Not everyone has ignored it. I continue to work with my colleagues on legislation to get the country back on track financially. I have introduced a bill called the one cent solution. It is also known as the penny plan or the 1-percent solution.…
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