Political Quotes

Cord Byrd: “On that point--Mr. President, I have the floor--on that point about the States, the States do not balance their budgets…”

On the recordMarch 10, 1995
On that point--Mr. President, I have the floor--on that point about the States, the States do not balance their budgets in the sense that we are talking about balancing the Federal budget. The States have operating budgets. The States have capital budgets, and the Senator knows that. And to use that old canard is to fool the American people. The American people know that the States do not balance their budgets. The States borrow money, the States are in debt, the States are going more and more into debt every year.
Said by
Cord Byrd
Florida
Source
govinfo.gov

Editor's note · Context

Discussing the differences between state and federal budget balancing.

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