SEN. HARRY REID (D-NV): Democrats believe it is critical that we stabilize the deficit. But it will take more than accounting gimmicks to achieve real deficit reduction. And at a time when corporations are making record profits, the stock market is soaring and wealthy Americans’ income continues to rise, that deficit reduction shouldn’t be come at the expense of middle-class families, senior citizens and the poor.
Americans have demanded a fair approach to deficit reduction that makes sensible cuts, but asks profitable corporations and the wealthiest among us to share the burden. Democrats have been listening. That’s why this week Budget Committee Chairman Patty Murray will introduce a budget that reflects those balanced principles. The Democratic plan will cut wasteful spending and reduce the deficit, close tax loopholes that benefit the rich and invest in what the economy needs to grow. It will encourage a strong middle class.
Congressman Ryan and his Republican colleagues in Congress have taken a different approach – an approach that makes it plain they missed the message of the November elections. Their budget will once again put moneyed special interests ahead of middle-class families. And no amount of rebranding will hide that.
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