The amendment contains a provision that states that you cannot raise the debt limit unless you have a supermajority, and obviously unless you can raise the debt limit and borrow additional funds, you are not going to be able to respond to the disaster, and particularly not respond to it immediately, which is often what is required.
John Sarbanes: “The amendment contains a provision that states that you cannot raise the debt limit unless you have a supermajority, and…”
On the recordFebruary 10, 1997
Source
govinfo.govEditor's note · Context
Discussing the implications of requiring a supermajority to raise the debt limit during Senate debate.
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