"Never before has our nation needed a budget and a long-term financial plan as badly as it needs one now. . . . The Congressional Budget Office stated . . . that the federal government is on track to run another trillion-dollar deficit this year and our debt will continue to explode with this continued lack of leadership. In addition to huge deficits, we face a $4 trillion tax increase at the end of this year and a sequester that Defense Secretary Panetta said will ‘do catastrophic damage to the military.’ Responsible and moral leadership requires the Senate to meet its legal obligation to pass a budget and to begin to address the fiscal crisis that is fast approaching our nation.”



