Dick Durbin: “I respect all of those people, but I respectfully disagree with them when it comes to the specific language of this…”

“I respect all of those people, but I respectfully disagree with them when it comes to the specific language of this amendment. There is a reason why the Secretary of the Treasury, Mr. Rubin, after 26 years on Wall Street, came before our Judiciary Committee and testified that absent an amendment, such as the one I am offering today, this procedure that we are enshrining in the Constitution will tie our hands in times of economic emergency and recession. It will turn recessions into deeper recessions or even depressions. We can't justify that, in the name of clinging to the old school language of the balanced budget amendment.”