I know that a number of individuals are concerned that somehow such an amendment will lead to unwise cuts in defense. Obviously, there is no reason why that has to be the case since Congress will still be free to set priorities. And…

As we see from this table, the President's budget lists the following investment spending: $89 billion for physical capital-- the category most analogous to traditional State government practices; $68 billion for research and development…

I think it is clearly incumbent upon the Senator to respond to those. He has now just said he will attempt to do so, and it becomes very important in the final outcome of this whole debate and more importantly to the understanding the…

I use the word ``testimony'' for a very important purpose because the Reid amendment has had no testimony, not 1 minute of committee examination or Member examination beyond its presence here on the floor as it freshly appeared last week…

with all its lack of enforcement, lack of definitions, lack of legislative history, and explicit exemptions, the Reid amendment is more loophole than law. The National Taxpayers Union rapidly put together an analysis of the Reid amendment…

The thing that I find ironic about this is that we spend about $20 billion plus in foreign aid, and we like to think that most of it goes to the poor and the downtrodden, and yet the $40 billion we pay in interest to foreign investors goes…

let me speak briefly to a couple of comments the Senator from Wisconsin has made today as it relates to his concern about a balanced budget amendment to our Constitution. I want to have the Senator's attention for a few moments, if I…

That was a concern about Gramm-Rudman. I voted for it because it was one of those things I could reach for on cuts, and it did for a time. The rate of growth slowed. If you were to graph it, it would have been a slight downward dip in the…

In one of his pithier observations, Winston Churchill once said that "Americans can be counted on to do the right thing, after they have exhausted all other options." The politicians of this country have now exhausted a raft of different…

those economists are representing almost every major economic school in the United States. They are not politicians. They are not legislators. They are not crafters of a constitutional amendment. That is not their business. Their business…

let me also--although I very much disagree with the Senator from Kansas--recognize without question her integrity as a Senator and as a legislator and her commitment to the service to her State in the last good number of years. I would…

let me make a comment to the concerns of the Senator from North Dakota and other concerns that have been brought forth in the last hour on the floor that are significant. And they are important. I do not think there is any question that we…