Barney Frank: “First I was interested to hear my friend say that he was going to vote on this contrary to his philosophy. That is a…”

“First I was interested to hear my friend say that he was going to vote on this contrary to his philosophy. That is a precedent in his case I would urge him to follow more often. I think that would have a good effect on the body. But beyond that he made an interesting point. His view is that the President, as he sees it now, is less committed to budget balancing than Members of Congress. I differ with him factually, but let me make a point. The President is term limited and we are not. So the gentleman's point is that the term limited President is not as committed to balancing the budget as the nonterm limited Congress, and I do not think that is a great argument from his standpoint for term limits.”