Sen. Conrad: 'Cliff' talks lack 'sense of perspective'

Speaking at the National Press Club’s Newsmaker Forum, the outgoing Senate Budget Committee Chairman said the president wasn’t seeking enough new revenue in the “fiscal cliff” negotiations. 

“What seems to be lacking to me is any sense of perspective in these discussions,” he said. “[The White House proposed] $1.6 trillion in revenue and people say, ‘Oh my god, $1.6 trillion, that’s a huge tax increase.’ The latest number is in the $1.2 trillion range, but how much are we going to raise over the next 10 years? Over $37 trillion with no change, so that’s 3.2 percent of what we’re going to raise. 

Read more on The Hill's On The Money Blog.