Political Quotes

“Now, Mr. President, we know all the statistics and have heard all the arguments for and against an amendment requiring a balanced Federal budget on numerous occasions over the years. It appears, however, that this body will finally get its best chance yet to draw upon the potential of this Nation and finally adopt a balanced budget amendment resolution and send it to the States for ratification. The 104th Congress has seen a confluence of political and fiscal developments that makes the amendment's chances of passage this year by both Chambers of the Congress better than ever before. The House has already acted, and has said emphatically that this is the discipline we need. The intense concern to do something about the deficit has become part of the national psyche: It is on the mind of every person who thinks and cares about the future of America. This resolution enjoys broad bipartisan support. For most of our history, a balanced budget at the national level of government as an unwritten part of our Constitution. A balanced or surplus budget was the norm for the first 100 years of the Republic. In recent decades, however, Americans have witnessed a continuing cycle of deficits, taxes, and spending.”