On the recordMarch 4, 1997
in this debate on the balanced budget amendment, I believe the Senate has lived up to its reputation as the greatest deliberative body in the world, bar none. We have spent nearly a month debating this measure and I want to especially commend the distinguished chairman of the Judiciary Committee, Senator Hatch, for his stamina and intellect in managing this measure. Now as the time for debate draws to a close, I hope all of my colleagues will reflect on the simple principle that we are attempting to incorporate into our Constitution. It is simply that one generation of Americans has no right to mortgage future generations to finance our daily spending habits. Think about it. There is one thing for certain, Mr. President. When the clock strikes midnight on December 31, 1999, and we enter the new century, America will have run deficits for 31 consecutive years and we will have a national debt of more than $6 trillion. If we are ever going to reverse that endless tide of red ink, if we are going to ease the economic burdens on our children and grandchildren, then as a matter of moral responsibility, we will adopt this constitutional amendment. If we don't pass the amendment this will truly be an American tragedy.
Source
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