Shared Sacrifice In Resolving The Budget Deficit--Motion To Proceed
Mr. President, I ask unanimous consent that the quorum call be rescinded. I ask unanimous consent that Senator Kirk and I speak in succession for up to 15 minutes and that the Democratic side then have two speakers. Mr. President, I rise…
Mr. President, I ask unanimous consent that the quorum call be rescinded.
I ask unanimous consent that Senator Kirk and I speak in succession for up to 15 minutes and that the Democratic side then have two speakers.
Mr. President, I rise again to urge all of us, Democrats and Republicans, to come together and put serious deficit reduction proposals on the floor for full debate, an open amendment process, a constructive debate and votes and action. That is the way we can move forward and resolve this greatest threat we face as a country, out-of- control Washington spending and debt.
We are making a little bit of progress in that regard. After months and months of the distinguished majority leader putting every other issue under the Sun on the floor but spending and debt, we finally forced this central issue to come and be debated.
Last week, many of us banded together, conservatives who were pushing for this debate, and said: Enough is enough. We should cancel the July 4 recess, we should block it so we stay and debate the central issue. That is what we did, and we successfully did that. Unfortunately, the majority leader then proposed that we stay here--yes, because we had blocked the recess--but did not put the central issue on the floor and moved yet another topic. We said: No; we are staying to get to this debate, this important issue, the greatest challenge we face right now as a country, and we successfully defeated his move to another topic.
Finally, with this little bit of progress, we are on the floor at least talking about the right issue. But we don't yet have a strong, meaningful, underlying proposal to act on. We have a sense-of-the- Senate resolution. That is a good basis for debate, I suppose. But, of course, we need more than that. We need serious proposals to debate and amend and vote on and act on. That is the important next step.
When I made these remarks yesterday, the distinguished Senator from New York, Senator Schumer, was in the Chamber and suggested that Republicans, including myself, had not gotten behind a serious, credible proposal. Specifically, he said: Wait a minute. The Ryan budget, which you voted for, doesn't reduce the deficit at all. I said at the time that is incorrect, but I didn't have the numbers in front of me. In fact, I looked it up, and the Ryan budget does significantly reduce the deficit from $1.4 trillion this year to $391 billion at the end of 10 years. That is a major reduction.
As I said to the Senator from New York at the time, my preference even ahead of that is the Toomey budget, which we produced on the Republican side in the Senate. That reduces the deficit from $1.4 trillion right now to zero over 10 years. It balances the budget over 10 years--obviously, major progress.
Again, going back to the Ryan budget, which Senator Schumer brought up, it contains $6.2 trillion in spending reductions compared to spending in President Obama's budget. It adds
total deficits that are $4.4 trillion lower than that in the President's budget. It brings total Federal spending to below 20 percent of the economy. The President's budget is always above 23 percent in that figure. So it puts us on a path to balance. Again, the Toomey budget, my first choice, actually achieves that balance within the 10-year budget window.
In contrast to that, I have to say it is very unsettling that the distinguished majority leader and the majority in this Chamber have not even tried to meet our mandated budget responsibilities. Section 300 of the Congressional Budget Act of 1974, which is the Federal law that controls the budget process, says that by April 15 of every year, a budget resolution is supposed to be passed. We are 83 days and counting past that deadline and no serious attempt to even try to meet that legal mandate has been made by the majority or by the distinguished majority leader. We have had a few budget votes, three Republican budget proposals, and President Obama's budget. The Obama budget got zero votes on the Senate floor. The majority, the majority leader produced no budget proposal. The Finance Committee, led by the majority, produced no budget proposal, not even trying to meet our responsibility, an actual legal mandate under the law.
Through the Chair, I would ask Senator Schumer: Where is your proposal? Where is your attempt? Yes, we have put forth specific proposals that dramatically cut the deficit. When is the majority going to even try? Again, 83 days and counting this year past that deadline. Of course, last year this body, under the same leadership, produced no budget. So we are 448 days and counting in total under the Budget Act. In that time, by the way, our debt has increased $3.2 trillion.
That is why we need serious proposals on this Senate floor to debate, to amend if necessary, to vote on, to act on. At least we are to the topic, but we need serious proposals before us to act on.
Again, I urge all of my colleagues to embrace a three-tier approach, cut and cap and balance: passing a budget resolution which we are mandated to do that includes immediate meaningful real cuts--that is cut; cap, structural budget reform to cap spending in every major category of the budget to ensure we stay on that path to a balanced budget; and balance, a requirement in the U.S. Constitution that we have a balanced Federal budget through the balanced budget amendment to the Constitution. I support that. All Republicans in this body have coauthored that. That is the third crucial tier of this three-tier approach: cut, cap, and balance.
I hope we get to consideration of those and other important proposals. I hope we not only have a debate around a sense-of-the- Senate resolution, I hope we have real meaningful proposals on the floor, an open amendment process, an open debate and votes and action on this most critical issue. I have endorsed specific proposals. I mentioned two of them. They dramatically reduce the deficit. I have coauthored the balanced budget constitutional amendment that enforces discipline, the straitjacket we need. I support the cap concept for the medium term to get us on that path. But we need to act on that on the floor in a bipartisan way. I urge that as the next necessary step.
I suggest the absence of a quorum.