Political Quotes

“I ask unanimous consent that the reading of the amendment be waived. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: In the nature of a substitute) Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``Cut, Cap, and Balance Act of 2019''. SEC. 2. DEBT LIMIT INCREASE. (a) In General.--Effective on the date described in subsection (b), the limitation in effect under section 3101(b) of title 31, United States Code, shall be increased by $500,000,000,000. (b) Effective Date.--The date described in this subsection is the earliest of the date on which the Archivist of the United States transmits to the States S. J. Res. 3 (116th Congress) in the form introduced on January 4, 2019, S. J. Res. 5 (116th Congress) in the form introduced on January 24, 2019, a balanced budget amendment to the Constitution of the United States, or a similar amendment to the Constitution of the United States if the amendment requires that total outlays not exceed total receipts, contains a spending limitation as a percentage of the gross domestic product, and requires that tax increases be approved by a two-thirds vote in both Houses of Congress for their ratification. SEC. 3. LIMIT FOR ON-BUDGET SPENDING.…”