"I voted against the budget resolution because it projects an enormous increase in spending and would double the public debt in five years. This puts us on a path that could result in adding approximately $1 trillion to the debt each year for the next decade, tripling the public debt in ten years, and producing deficits totaling $9.2 trillion. As a result, our debt would exceed 80 percent of GDP by 2019-the highest level since World War II. In addition, it would increase taxes by $1.5 trillion over the same period.
"While deficit spending is acceptable at a time when our troubled economy needs a boost, the problem with this budget is that it would lead to huge deficits year after year throughout the next decade. That simply is not sustainable and poses a threat to our economy.
"The budget resolution does contain several important provisions that I do support, including an amendment that I authored with Senator Joe Lieberman to provide an additional $550 million for federal agents, investigators, and resources to significantly bolster U.S. efforts to fight violence caused by Mexican drug cartels along the U.S.-Mexican border."