Let me just add, in terms of amending the Constitution and on financial things, Thomas Jefferson, of course, favored an absolute prohibition against Federal borrowing, and Alexander Hamilton later-- Thomas Jefferson and Alexander Hamilton did not agree on much but they agreed that it would have been wise to have done this.
The speaker discusses historical perspectives on federal borrowing and constitutional amendments.
Share
More from Sen. Paul Simon
first I respect the sincerity of the President pro tempore and his careful work in this body. I also respect my friend from Oklahoma, Senator Nickles. Let me point out, to just reinforce what Senator Kennedy had to say, that it is those of…
I will yield myself 1 minute simply to commend my colleague from Maine for his excellent, logical remarks. And particularly, he is a wordsmith. When he comes up with a phrase, 'fiscal child abuse,' that is precisely what we are doing. We…
The answer is that it would, and that is why we have that flexibility. We do not go as far as Thomas Jefferson wanted to go. He wanted to absolutely prohibit any Federal Government borrowing.
first, two points made by my friend--and he is my friend--from Nevada, Senator Reid, on the language of our amendment. We have gone over this carefully in all kinds of hearings. The only language change is the Danforth language on judicial…
Other voices in this conversation
