On the recordJune 5, 1996
My question is this: Is it not true that if we were successful in passing a balanced budget amendment to the Constitution requiring balanced budgets, there would be immense benefits for the present, that interest rates would drop, job lines would be shorter, there would be new businesses, and that the net effect would be that an average family in my State and yours would have the equivalent of making $3,000 to $5,000 of immediate new income in their checking accounts in the form of reduced home mortgages and loans, so that they could get about the business of getting America up, getting it housed and fed and ready to be the leaders of the future?
Source
govinfo.gov
