It seems many prominent Democrats, including former President Bill Clinton, are concluding that the growing debt, weakening of the dollar, downgrading of our creditworthiness and desire to raise taxes has hurt our economy and discouraged businesses from taking risks, expanding and hiring.

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Our budget does not raise taxes.

FORBES: Sen. Kent Conrad Responds

We reject calls to raise taxes, but revenue nevertheless remains steady under our budget because we close special-interest loopholes.

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Because it is not fair to raise taxes on the American people at this time in our economic recovery.

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Furthermore, any attempt to raise taxes, print more money or invent another exotic method of supporting our economy will only lead to even greater inflation or worse, stagflation.

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Let us repeat for emphasis: The crisis we fear, when investors no longer will finance our deficits, doesn't begin with a failure to cut entitlements or raise taxes on the rich.

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Our budget assumes that every effort will be made to raise revenue from these sources, instead of increasing taxes on anyone.

FORBES: Sen. Kent Conrad Responds