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Senate Proceeding 12-14-10 on Dec 14th, 2010 :: 2:22:30 to 2:25:40
Total video length: 7 hours 8 minutes Stream Tools: Stream Overview | Edit Time

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Saxby Chambliss

2:22:27 to 2:22:48( Edit History Discussion )

Saxby Chambliss: with that, mr. president, i yield the floor. the presiding officer: the senator from georgia. mr. chambliss: mr. president, i rise today to talk on a matter with my colleague, senator warner. i understood that senator warner and i had the sometime from 4:15

Saxby Chambliss

2:22:30 to 2:25:40( Edit History Discussion )
Speech By: Saxby Chambliss

Saxby Chambliss

2:22:49 to 2:23:09( Edit History Discussion )

Saxby Chambliss: from senator sanders. unfortunately senator harkin used some of senator sanders time. i know senator kirk is coming down to give his maiden speech at 5:00. we have a number of folks that are going to speak quickly today on an issue of major importance to america. our fiscal house is in disarray. our budget process is broken and

Saxby Chambliss

2:23:10 to 2:23:30( Edit History Discussion )

Saxby Chambliss: future generations will end up paying the price if we continue to ignore the difficult decisions required to fix things that this grave threat to this country's fiscal stability. recently the national commission on fiscal responsibility and reform has worked in a bipartisan manner to produce recommendations on how to best address our current levels of debt.

Saxby Chambliss

2:23:31 to 2:23:53( Edit History Discussion )

Saxby Chambliss: while these recommendations may not reflect the beliefs of all members of this body, i commend the commission's members for having the courage and the open minds to tackle the problems. at the very least their recommendations can serve as a starting point for serious debate on how we can ensure a better life for our children and our grandchildren.

Saxby Chambliss

2:23:54 to 2:24:14( Edit History Discussion )

Saxby Chambliss: today spending has reached almost 24% of america's gross domestic product while our revenues were at their lowest levels last year in 60 years. not too long ago the debt ceiling was increased by the largest amount in history: $1.9 trillion. nearly twice as large as the

Saxby Chambliss

2:24:15 to 2:24:35( Edit History Discussion )

Saxby Chambliss: previous record of $984 billion. our current statutory limit on the public debt is now set at $14.24 trillion and is expected to require an increase again sometime this spring. now, mr. president, with that backdrop, senator warner and i began talking this summer about this grave issue that's facing

Saxby Chambliss

2:24:36 to 2:24:56( Edit History Discussion )

Saxby Chambliss: america and about the fact that if 2003 don't address it now then it's going to be too late and it was incumbent upon us to try to educate ourselves as well as educate other members of this body about the seriousness of this issue and what is the way forward. so we began talking among ourselves. we expanded our group, expanded

Saxby Chambliss

2:24:57 to 2:25:17( Edit History Discussion )

Saxby Chambliss: and expanded and we now have a significant number of senators who are prepared to come forth and say we've got to address this and we've got to address it next year. some of the members of that group are going to be here today to give their thoughts on it. we're going to be joined by several republicans and democrats to pledge our commitment to addressing this issue and addressing it in the

Saxby Chambliss

2:25:18 to 2:25:38( Edit History Discussion )

Saxby Chambliss: right way. i want to thank my friend, senator warner, for his leadership, for his commitment to do this. it's been a pleasure to work with him. as we move forward next year, this group is going to provide the momentum to carry the ball to make sure that we address the issue of reductions in spending

Saxby Chambliss

2:25:39 to 2:25:41( Edit History Discussion )

Saxby Chambliss: as well as major tax reform to get the fiscal house of the

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