Charles E. Grassley: “I support, along with Senator Simon, the chief sponsor, Senate Joint Resolution 41, the balanced budget amendment to the…”

“I support, along with Senator Simon, the chief sponsor, Senate Joint Resolution 41, the balanced budget amendment to the Constitution. I think it is very vital that Federal deficit spending be controlled. Of course, we always put this argument in an economic context, saying that an unbalanced budget is not good for the economy. And I think deficit spending has gone on long enough now, 25 years in a row. Even more essentially, there are very good moral reasons that we ought to have a balanced budget. I think those override even the economic arguments for a balanced budget amendment. We are borrowing from our future, and that of our children and grandchildren, when we deficit spend. I think we must put an end to this practice. And because every other means has failed to produce a balanced budget, we must enact an amendment to our U.S. Constitution, just as well over 40 States have for their individual constitutions. A balanced budget amendment fits appropriately within the design of the original document.”