Political Quotes

Cord Byrd: If an excess of outlays over receipts were to occur, Congress can require that any shortfall must be made up during the…

On the recordFebruary 9, 1995
If an excess of outlays over receipts were to occur, Congress can require that any shortfall must be made up during the following fiscal year. That is an ``option,'' the Senator says. The American people out there who are reading do not see that option. In the plain, simple English words of the constitutional amendment to balance the budget: Total outlays for any fiscal year shall not exceed total receipts for that fiscal year . . . It does not say anything about an option.
Said by
Cord Byrd
Florida

Editor's note · Context

Discussing the implications of a constitutional amendment to balance the budget.

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