I rise today in opposition to the amendment pending offered by my distinguished colleague from Nevada, Senator Reid. As we reflect on the issue of a balanced budget, Mr. President, I can not help but recall in 1986 unloading the mail on the Capitol steps with a number of other colleagues. That mail was a public outcry concerning the merits of a balanced budget. Today we are addressing that same issue, as it remains unresolved. Just a few days ago, we had an opportunity to see another truckload of mail come in from all over the country with regard to the balanced budget and the necessity of recognizing that, indeed, what we are faced with is a fiscal crisis. While I listen to my distinguished colleagues consider various criticisms regarding the balanced budget amendment, I cannot help but reflect on the bottomline reality, and that is that we are now borrowing in excess of $200 billion--as a matter of fact $212 billion-- to pay interest on our accumulated 4.5 trillion dollars' worth of debt.
Editor's note · Context
Senator Murkowski opposes an amendment related to the balanced budget and discusses the ongoing fiscal crisis.
Share
More from Frank Murkowski
Regarding the amendment offered by Senator Bennett concerning the backlog of land acquisitions facing the Department of the Interior, this amendment is not only responsible in its effort to address a responsibility that we all share, but…
I think it is quite appropriate that we go all the way and address the concerns that we all anguish about. And one of them, of course, is the continued contributions of political action committees and the influence of lobbyists, as well…
The question is, I do not know whether the floor manager was invited to the dinner that the Senator from Maine has gone to, but the Senator from Alaska was invited to that dinner and, in the interest of full disclosure, rejected the…





