Political Quotes

“As, by the way, is the case with 49 out of 50 of our States, who either have a similar balanced budget amendment in their constitution or by statute. Mr. McADAMS. Madam Speaker, that is correct. In my own State of Utah that has a balanced budget requirement, and has established a rainy-day fund, as I mentioned, such that when those emergencies arise, they have funds available to account for that. I would urge us to not only have that flexibility built into the language of the amendment, but to plan ahead. While we don't know what the next emergency will be or where it will strike, we know that dark days are ahead of us, and that there will be natural disasters and other emergencies and we should plan ahead for those.”