it is superpart safnl superpart. it is totally done on one side of the ledger. and, mr. not become law, and it should not. now, let's understand the context within which we're operating. first of all, as a country, we are borrowing 41 cents of every dollar that we spend. our gross debt is now 100% of our gross domestic product. the best economists in the country have warned us that once you get to a debt that's more than 90% of our gross domestic product, your future economic proces-- futureeconomic prospec danger. that's, why mr. president, i have been deeply involved in every serious bipartisan attempt to reduce deficits and debt. but this proposal that has come over from the house, not having had a single hearing in this body -- not one, is truly radical. mr. president -- again, i say to my colleagues, we have an urgent need to act. but we shouldn't panic. and, unfortunately, i think that's what the house did when they sent us this half-baked concoction of ideas that don't hold together, that don't add up, and that would actually further threaten the economic recovery

it is superpart safnl superpart. it is totally done on one side of the ledger. and, mr. president, it will not pass, it will not become law, and it should not. now, let's understand the context within which we're operating. first of all, as a country, we are borrowing 41 cents of every dollar that we spend. our gross debt is now 100% of our gross domestic product. the best economists in the country have warned us that once you get to a debt that's more than 90% of our gross domestic product, your future economic proces-- futureeconomic prospec danger. that's, why mr. president, i have been deeply involved in every serious bipartisan attempt to reduce deficits and debt. but this proposal that has come over from the house, not having had a single hearing in this body -- not one, is truly radical. mr. president -- again, i say to my colleagues, we have an urgent need to act. but we shouldn't panic. and, unfortunately, i think that's what the house did when they sent us this half-baked concoction of ideas that don't hold together, that don't add up, and that would actually f