[Congressional Record Volume 157, Number 107 (Monday, July 18, 2011)]
[Senate]
[Pages S4624-S4625]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BUDGET NEGOTIATIONS
Mr. McCONNELL. Mr. President, let me echo the initial remarks of the
majority leader with regard to the decision, which in this particular
instance I think we would agree is a mutual decision, that we need to
stay in every day until we resolve this crisis confronting our country.
So I concur with what the majority leader has said. We will stay in
every day, Monday through Sunday, and get this problem fixed for our
country.
Mr. REID. Mr. President, if I could interrupt my friend and through
the Chair say this: I would hope the Republican leader noted the tone
and content of my statement where I did not lump all Republicans in one
big bundle.
Pardon the interruption.
Mr. McCONNELL. I thank my friend, the majority leader.
This is a pivotal week for America. Two years of reckless spending
and debt have brought us to the point of crisis, and this week
Americans will see how their elected representatives decide to resolve
it.
On the one side are those who believe that failing to rein in
spending now would be calamitous, and that a government which borrows
42 cents for every dollar it spends needs to sober up. Washington needs
strong medicine to heal its spending addiction now, not a false promise
to do it later.
On the other side are those who want to pretend the status quo is
acceptable, that everything will be fine if we freeze current spending
habits in place, raise job-killing taxes on small businesses, and do
nothing about the long-term fiscal imbalance that imperils our economy.
Republicans have tried to persuade the President of the need for a
course correction, but weeks of negotiations have shown that his
commitment to big government is simply too great to lead to the kind of
long-term reforms we need to put us on a path to balance and economic
growth.
So we have decided to bring our case to the American people. That is
why this week Republicans in the House and in the Senate will push for
legislation that would cut government spending now, cap it in the
future, and which only raises the debt limit if it is accompanied by a
constitutional amendment to balance the Federal budget.
The cut, cap, and balance plan is the kind of strong medicine
Washington needs and the American people want, and Republicans in both
Houses of Congress will be pushing it aggressively this week.
I heard one of my Democratic colleagues say yesterday that the votes
simply do not exist to pass any bill in the Senate that balances the
budget. My question is, Why in the world not? If you cannot vote for a
bill that says you will live within your means, then you have given up
and you agree that the unsustainable path is the only one we have, and
that is really completely unacceptable.
Every single Republican in the Senate supports a balanced budget
amendment. All we need is for 20 Democrats to join us. By my count, at
least 23 of them have led their constituents to believe they would
actually fight for it.
So my message to Senate Democrats this week is this: I would suggest
you think long and hard about whether you will vote for the cut, cap,
and balance legislation the House is taking up tomorrow. Not only is
this legislation just the kind of thing Washington needs right now, it
may be the only option we have if you want to see the debt limit raised
at all.
The White House has called for a balanced approach in this debate.
Well, a bill that actually balances our books is coming to the Senate
floor this very
[[Page S4625]]
week. I strongly urge my Democratic friends to join us in supporting
it. Some have said they think this bill goes too far. With all due
respect, I think most Americans believe Congress and the White House
have gone too far in creating the fiscal mess we are in right now.
It is time for real action. It is time to show the American people
where we stand. It is time to balance our books.
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