[Congressional Record Volume 156, Number 166 (Wednesday, December 15, 2010)]
[Senate]
[Pages S10279-S10280]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
OMNIBUS APPROPRIATIONS
Mr. ISAKSON. Mr. President, I commend the Senator from California on
her remarks. As a member of Foreign Relations, I voted to bring the
treaty to the floor. However, there is another pressing matter I wish
to discuss this evening.
The Senate now has before it the START treaty, but on a parallel
track we have before us the question of financing the government
through the end of the fiscal year next year. There are three
alternatives available to us. One of them is a continuing resolution
through the end of next year. One of them is a continuing resolution
that is modified with an Omnibus appropriations that is put on top of
it which I understand is the plan. There is a third option which is the
short-term CR. It is that question I rise to address for a few moments.
Forty-three days ago, I ran for reelection to the Senate. For 2
years, I traveled the State of Georgia campaigning for my reelection.
Throughout that campaign, there were three guiding issues on which I
focused. One was tax policy. At a time of economic recession and high
unemployment, the worst thing for us to do is to raise taxes of the
American people and, in particular, small business, which hires the
majority of the people. That is No. 1.
No. 2, I campaigned on the fact that we didn't have a revenue problem
nearly as much as we had a spending problem; that we needed to ask of
ourselves, as Senators, what every American family has had to ask of
themselves at home. They have sat around the kitchen table, looked at
what their income was, looked at what it now is, looked at priorities
and reprioritized. Times have been tough, and they have been difficult.
They did that because they had to.
They don't have the luxury of credit and borrowing as our government
has, which takes me to the third point I ran on in the campaign; that
is, that unsustainable debt will make this democracy an unsustainable
country.
One of the things I understand a little bit about from having been in
the real estate business is leverage. Leverage is a powerful thing to
be able to do things, but too much can destroy even the best of people
or the best of ideas. We are rapidly approaching a time where we owe
entirely too much money.
I love to tell the story about a lesson I learned in good politics. I
know the Presiding Officer has had the same kind of lessons he has
learned.
I was in Albany, GA, making a speech in November of 2009. I kept
talking about 1 trillion this and 1 trillion that. This farmer at the
back of the room said: Senator, I only graduated from Dougherty County
High School. I don't understand how much 1 trillion is. Can you
explain.
I oohed and aahed and I babbled. I finally said: Well, it is a lot. I
couldn't think of a way to quantify 1 trillion.
I got home that night. My wife took one look at me and said: What in
the world is wrong with you?
I said: I got stumped today.
She said: What was the question?
I said: The question was, How much is 1 trillion?
She said: What did you say?
I said: I said it is a lot.
She said: That was a bad answer.
I said: I know that, but I just couldn't think of anything.
She knows better than I a lot of times. She said: Why don't you just
figure out how many years have to go by for 1 trillion seconds to pass.
I said: That is a terrific idea.
So I pulled my calculator out and multiplied 60 seconds times 60
minutes to get the number of seconds in an hour.
I multiplied that 24 times for the number of seconds in 1 day. I
multiplied that times 365 for the number of seconds in 1 year. Do you
know how many years have to go by for 1 trillion seconds to pass? It is
31,709 years. I put an asterisk by that because I didn't count leap
years and every fourth year has an extra day. I know that will throw
the number off a little bit.
We owe $13 trillion of those dollars, not just $1 trillion. It is an
astronomical amount of money. It is an amount we must quantify and
begin to lower over time in two ways. One is expanding the prosperity
of the American people, because as their prosperity goes up, revenues
come back to the government. First and most important, we have to get
our arms around spending. I am deeply opposed to putting an Omnibus
appropriations bill on the CR that is coming to the Senate and passing
12 appropriations bills in a short-time debate without the transparency
we need.
I am not a Johnny-come-lately to this particular position. In the
House of Representatives, when President Bush brought an omnibus budget
to the House, I voted against it. I voted against it last fall on a
number of occasions when we had Omnibus appropriations bills matched up
coming to the
[[Page S10280]]
Senate floor under President Obama. It is a bad way to do business. By
rolling all those things together, you don't have the scrutiny, the
oversight or the understanding of where the money is going, and the
tendency to push spending beyond your limits actually becomes a
reality. I am one who subscribes to the fact that we have to change the
way we do business. We have to make hard decisions. We have to execute
some tough love. We have to have some shared sacrifice, and we to have
do it quickly.
Time has run out on the American Government and our American budget
process without substantial reform, which is why it would be a tragic
mistake for us sometime this week or this weekend to pass an Omnibus
appropriations bill.
There is an underlying reason why I don't support that, and it is
because I think a short-term CR makes a lot more sense. A short-term CR
will put the Senate in the position of debating the rest of next year's
spending or this fiscal year's spending under the cloud of the debt
ceiling which is going to confront us in April or May or maybe as soon
as the middle of March. If we pass a CR or an omnibus that goes beyond
that date to the end of next year, September 30, we have no leverage to
address the subject of raising the debt ceiling. It is time we stopped
borrowing to spend more money we do not have.
I come at a time when I know the pending business is the START
treaty, which I will address on another occasion, but to point out why
I am so deeply disappointed that we are rushing to judgment on an
Omnibus appropriations spending bill at a time when the American people
want us focusing on spending, on the deficit, and on improving the way
we do business.
I will vote against an Omnibus appropriations bill. I will vote
against cloture on the bill. I will support a short-term CR. That is
the best way for us to set up an occasion next year where we address
our priorities in the right order and at the right time.
I yield the floor and suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The bill clerk proceeded to call the roll.
Mr. REID. Mr. President, I ask unanimous consent that the order for
the quorum call be rescinded.
The PRESIDING OFFICER (Mr. Begich). Without objection, it is so
ordered.
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