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.
Cord Byrd: “If an excess of outlays over receipts were to occur, Congress can require that any shortfall must be made up during the…”
Editor's note · Context
Discussing the implications of a constitutional amendment to balance the budget.
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