I rise today as a cosponsor of the pending resolution and as a Senator who believes that amending the Constitution to require a balanced budget is simply the last remaining option that we have to contain and ultimately begin to reverse the spiral of red ink that has been hemorrhaging from Washington for more than 30 years now. Mr. President, I think if we allow this opportunity to pass, if we are unable to garner the two-thirds majority necessary to adopt this resolution, we will have lost a singular opportunity to move this country in the direction of long-term fiscal responsibility. Without this amendment, one thing is certain. The Federal deficit and the national debt will continue to erode our capacity to respond to the economic and social challenges of the 21st century. Mr. President, as a former banker, it just astounds me to see this continued budget process where, after financing various Federal programs, year in and year out, we find ways to spend more and just add to the deficit and debt.
On the recordFebruary 23, 1994
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govinfo.govEditor's note · Context
Senator Murkowski discusses the need for a constitutional amendment to require a balanced budget.
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