the language of the draft which I hope will appear before us states a simple principle, and that is, first, we must balance the Federal budget and, second, future tax increases will require a super majority. It is built around the premise that I think Paul Harvey best elocutes, and that is simply that self-government without self-discipline won't work. The sad truth is that what we are doing now is we are voting ourselves benefits, but passing the bill on to our children, our grandchildren, and our great grandchildren. However, more than that, because we are creating that debt, we are also creating an interest burden, which means we have fewer and fewer dollars to pay for today's services because we are paying the interest on the debt we are creating, because we simply refuse the discipline to say no to extra spending. The super majority or three-fifths requirement would institutionalize that discipline which is so critically needed, so we do not continue the policies of tax and spend and tax and spend and tax and spend, to the point where we are today creating an underground economy where people no longer are willing to pay the onerous tax burden we are imposing on them because they simply understand they are not getting their dollar's worth.
Editor's note · Context
Discussing the need for a balanced federal budget and super majority for tax increases.
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