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
Source
govinfo.gov

Editor's note · Context

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

Share

Share on XShare on FacebookEmail this quote

More from Cord Byrd

Sep 10, 2024

Eternal vigilance is the price of liberty.

congress.gov
Jul 19, 2007

I opposed the Ensign and Stabenow amendments regarding Social Security and illegal immigrants, because those amendments violated section 313 of the Budget Act--the Byrd Rule--which prohibits extraneous matter on budget reconciliation…

govinfo.gov
May 17, 2010

I oppose the Crapo amendment because of the limitations that it would impose on Fannie Mae and Freddie Mac. These institutions have been very helpful to homeowners in West Virginia who are seeking home loan modifications. I do not believe…

govinfo.gov
Nov 8, 2007

Every day that the Defense appropriations conference report is delayed, it delays a $40 billion increase for the Department of Defense, delays $11.6 billion for mine-resistant vehicles for our troops in Iraq and a $2.9 billion increase for…

govinfo.gov
View all Cord Byrd quotes

Other voices in this conversation