If there is anything irrational--and he will disagree with my next statement--if there is any illustration that shows why we need a balanced budget amendment, we would not be considering tax cuts right now in both political parties. If we had a balanced budget amendment, we would be focusing on balancing the budget. But I agree 100 percent with my colleague that this is not the time to be moving in the direction of tax cuts.
Discussing the need for a balanced budget amendment in relation to tax cuts.
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