[Congressional Record Volume 161, Number 89 (Thursday, June 4, 2015)]
[Senate]
[Pages S3765-S3766]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMENDMENT NO. 1521
Mr. WHITEHOUSE. Madam President, one other thing I wish to speak in
favor of is the amendment of Senator Reed, my senior Senator--Senator
Jack Reed of Rhode Island--to cut the so-called OCO budget gimmick from
the Defense bill.
I am on the Budget Committee, and I have heard very passionate
protestations from my colleagues on the Budget Committee about the
importance of reducing the deficit, not dealing with the national debt,
reducing borrowing, deficit spending, and all of that. Well, when it
comes to this particular bill, suddenly all of those concerns have gone
completely out the window. They are funding a significant portion of
this Defense authorization with imaginary money, with an account that
is not intended to support ongoing, continuing, baseline defense
expenditures, and that is reserved for overseas contingencies and that,
therefore, doesn't have to be paid for. So it would be a clear increase
to the debt and the deficit to go down this road, and we would very
much prefer that instead of using the so-called OCO gimmick to fund
this authorization with deficit spending, we sit down and have a mature
and consequential discussion between the White House and the Senate and
the House on where our spending is going to go and with what accounts
we are going to be able to do it. Before we start going account by
account through the appropriations process, we have a plan in mind so
that we don't find that certain favored accounts get dealt with first
and then the rug gets pulled out from under the others.
I think that is a reasonable way, and I support Senator Reed's
amendment and his notion that we should have a bipartisan plan to
replace the arbitrary sequester cuts with a balanced deficit-reduction
strategy that includes, among other things, closing some wasteful tax
loopholes.
With that, I yield the floor.
I suggest the absence of a quorum.
[[Page S3766]]
The PRESIDING OFFICER. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Ms. MURKOWSKI. Mr. President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER (Mr. Cassidy). Without objection, it is so
ordered,
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