Senate Proceeding on Mar 30th, 2009 :: 3:11:15 to 3:15:45
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3:11:15 to 3:15:45( Edit History Discussion )
Speech By: Kent Conrad

3:12:39 to 3:13:00( Edit History Discussion )

Kent Conrad: quorum call: said the subject to considerable uncertainty. this outlook for econoc activity is subject to considerable uncertainty. one risk arises from the global nature of the slow down. he went on to say "if actions taken by the administration, the congress, and the federal reserve are successful in restoring some measure of

3:13:01 to 3:13:21( Edit History Discussion )

Kent Conrad: financial stability, and only if that is the case, there is a reasonable prospect the current recession will end in that 2010 will be a year of recovery." scwh agai -- and again i want to emphasize very small differences

3:13:22 to 3:13:42( Edit History Discussion )

Kent Conrad: have very big effects overtime. senator gregg himself said in march of this forecasts are very much a guess. very much a that the congress doe

3:13:43 to 3:14:03( Edit History Discussion )

Kent Conrad: budget rather than the ten-year budget -- in fact, the last five budgets done by including three under republican chairman, have been five-year budgets. now, the has been some suggestion by columnists that doing a five-year budget su something. again, i want to emphasize,

3:14:04 to 3:14:24( Edit History Discussion )

Kent Conrad: president obama with a ten-year budget that has been fully scored. nothing being hidden from anybody. that score is out there. it's available. it's so there's nothing being hidden here. nothing being and congress has almost always done five-year budgets jus

3:14:25 to 3:14:45( Edit History Discussion )

Kent Conrad: because of the extraordinary uncertainty o mrpresident, i also w say for just a moment that those who argue that this budget has

3:14:46 to 3:15:07( Edit History Discussion )

Kent Conrad: too much spending are up against the factual record is in this year the spending will be 27% gross domestic product but we bring that down very sharply in the first three years and get done deficit in the fifth year of

3:15:08 to 3:15:29( Edit History Discussion )

Kent Conrad: less than 3% of g.d.p. which the economists tell us is critical to having a sustainable debt. now let me just say in my own view, i believe we've get to better than that. i believe we've get to do better than that. i believe the of the budgets are unsustainable.

3:15:30 to 3:15:45( Edit History Discussion )

Kent Conrad: i believe we have got to have some special process like the one senator gregg and i have proposed and i'm completely open to other suggestions, about how we deal with the entitlement reform and the tax reform we so badly need.