On the recordJune 15, 2022
Mr. President, the United States has the largest economy in the world and also has the largest government apparatus in the world. This year, we will bring in $4.8 trillion and will spend about $5.8 trillion, and yet we will have no budget this year. How inexcusable, how embarrassing it is for a country--the largest country in the world, the largest government in the world, the largest bureaucracy in the world--to have no budget. Is it any wonder that we are $30 trillion in debt? Most small businesses have a budget. Most businesses in our country have a budget and a prediction for what will come in and what will go out for the year, and this year there will be no budget. Not only will there be no Democratic presentation about it, there will be no Republican presentation as a party. So today I will introduce my budget. This is a budget that balances in 5 years. The reason we chose 5 years is that the constitutional amendment to the budget amendment--the constitutional amendment that would balance the budget--balances in 5 years. We voted on that amendment previously in this body, and the Democrats, in unison, opposed it. They were opposed to a balanced budget amendment to the Constitution. The Republicans were unanimous in voting for the balanced budget amendment, constitutional amendment. In that amendment, the text of it would balance the budget in 5 years.…
Source
govinfo.gov




