Video archive of the US Congress

Senate Proceeding on Apr 13th, 2011 :: 2:24:55 to 2:26:10
Total video length: 9 hours 11 minutes Stream Tools: Stream Overview | Edit Time

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Max Baucus

2:24:51 to 2:25:11( Edit History Discussion )

Max Baucus: we have a hard time dealing with these big numbers -- i think they approach $3.8 trillion in spending and $2.2 trillion in money coming in, so we're adding -- we're at $44 billion a day. we're borrowing $4 billion a day. so in the time when we had a continuing resolution for ten days to try to decide how we cut

Max Baucus

2:24:55 to 2:26:10( Edit History Discussion )
Speech By: Max Baucus

Max Baucus

2:25:12 to 2:25:32( Edit History Discussion )

Max Baucus: spending, we borrowed more money in that ten days than w in that ten days. and then people say well, that's draconian, it's terrible. we can't spend this much money and continue to do it. and if we don't know what -- if your family was bringing in in $22,000 a year and spending spending $38,000 a year and you had already borrowed way more

Max Baucus

2:25:33 to 2:25:54( Edit History Discussion )

Max Baucus: money than any bank should lend you, as you just suggested, you would know that that was a problem you couldn't sustain very long. if your business was bringing in in $2.2 million a year and spending $3.8 million a year, you know you're not going to be in business very long. and those are the kind of real-world situations we have

Max Baucus

2:25:55 to 2:26:10( Edit History Discussion )

Max Baucus: multiplied by thousands of times, but it has to be solved, and the blueprint to solve that is the budget. we don't have one. your significant responsibility for the country is to be in that budget fight, and i know you're

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