Sen. Conrad: 'Cliff' talks lack 'sense of perspective'
By Jonathan Easley - 12/19/12 07:12 PM EST
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.
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.