Kent Conrad is a Democratic Senator from North Dakota. He is the top Democrat on the Senate Budget Committee.
Kent Conrad"We're borrowing 40 cents of every dollar we spend."
"The American people say, don't touch Social Security, don't touch Medicare, don't cut defense. That's 84 percent of the federal budget."
Federal spending is "the highest it's been as a share of our economy in 60 years (and) revenue is the lowest it's been as a…