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Senate Proceeding on May 8th, 2008 :: 3:05:41 to 3:07:11
Total video length: 8 hours 11 minutes Stream Tools: Stream Overview | Edit Time

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Byron Dorgan

3:05:26 to 3:05:41( Edit History Discussion )

Byron Dorgan: withdrawn. -- the amendment is withdrawn. there will be two minutes of debate equally divided on the motion to waive.~ mr. dodd: mr. president, let me first of all say on this motion by our colleague

Christopher Dodd

3:05:41 to 3:05:54( Edit History Discussion )

Christopher Dodd: from oklahoma, senator shelby and i -- and i believe most of us here -- don't have a philosophical disagreement here. we all i think appreciate the fact that we've got ourselves in a situation where

Christopher Dodd

3:05:41 to 3:07:11( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

3:05:54 to 3:06:03( Edit History Discussion )

Christopher Dodd: we've got massive deficits that are growing by the hour. we've seen it in a number of areas. this is one where we're actually forgiving a debt, and obviously to do so is going to require at some point

Christopher Dodd

3:06:03 to 3:06:18( Edit History Discussion )

Christopher Dodd: us to pay for this debt and obligation. senator coburn that says we ought to be doing that under the pay-go rules. as someone who's over the years authored, in fact, legislation requiring pay-as-you-go

Christopher Dodd

3:06:18 to 3:06:29( Edit History Discussion )

Christopher Dodd: proposal, i'm very sympathetic to this idea. i'd like to see us apply it more uniformly in many ways. senator shelby and i are doing our best here to take this program, which is absolutely critical

Christopher Dodd

3:06:29 to 3:06:47( Edit History Discussion )

Christopher Dodd: and to put it on a sound actuarial footing and by doing so move us forward. we can't do that if we don't have an excuse, if you will, on this debt that's out there today would raise the cost of

Christopher Dodd

3:06:47 to 3:06:59( Edit History Discussion )

Christopher Dodd: premiums to a prohitive level. and so i'm -- i'm moving to waive this point of order that the senator from oklahoma is making with the full understanding that there's a legitimate point he's making.

Christopher Dodd

3:06:59 to 3:07:11( Edit History Discussion )

Christopher Dodd: but if we're going to succeed with this program and get it done, i can't do it otherwise. weebd stuck with a program that would be far -- we'd be stuck with a prm that would be far too costly and

Byron Dorgan

3:07:11 to 3:07:19( Edit History Discussion )

Byron Dorgan: would cause more difficult. i ask our colleagues to supportous the motion to waive. the presiding officer: the senator from oklahoma. mr. coburn: mr. president, this is a great choice. we get to prove

Byron Dorgan

3:07:11 to 3:08:15( Edit History Discussion )
Speech By: Byron Dorgan

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