My answer to that is it depends on your definition of success. I happen to think that the fiscal stabilizers in the post- World War II period have been a success. And I think it is a consequence of a combination of fiscal and monetary…

No. I think we have a problem, but I think we have made progress and I hope we can continue to make progress. I do not think the recourse, as the GAO indicated, is this amendment to the Constitution.

But, by definition, Mr. President, the extension of the unemployment benefits is a crisis response to the fact that we find ourselves in a fairly serious recession. The fact of the matter is that we start running deficits related to the…

I think at the moment we have a certain stabilizing benefit that comes automatically. For instance, the unemployment insurance plan. But it is limited. Then we go into a downturn, and we say we have to extend the unemployment insurance…

In part. What I would say to my distinguished colleague is you could have shown me a chart far worse than that one if you had done it before August 1993 and the adoption of the deficit reduction package.

That is a good question. I do not think the amendment fully answers that question. I think one might well go into court and assert if we had taken measures to incur a deficit, that in effect would end up violating this provision and ought…

I think the assumption of the projection is a no-change scenario, just like an assumption of the GAO study which has been cited was a no change. GAO then, literally in less than 2 years from the time they made this projection, based on a…

If I could interject, I think the impact of this would not be on fine-tuning. It would be on rough-tuning. In other words, I do not even think you would be able to do rough-tuning, let alone fine-tuning.

I was proud to cast my vote for the National and Community Service Trust Act of 1993 when the conference report came before the Senate for final approval last September. This was important legislation intended to marshal the Nation's best…

I would like to take this opportunity to rise in observance of March 25, 1994, a day when millions of Greeks around the world join in celebrating the 173d anniversary of Greece's independence. Indeed today we pay tribute to Greek and…

I rise to speak in favor of S. 1299--the Multifamily Property Disposition Reform Act of 1994. The Senate first passed S. 1299 last November on a unanimous vote. On Tuesday this week, the House also passed S. 1299, with amendments, by an…

The law governing HUD's disposition of multifamily housing properties--that we are amending today--can be found in section 203 of the Housing and Community Development Amendments of 1978. S. 1299 amends and rewrites section 203 in its…

I wish to quote a short release today put out by the Federal Reserve. They have taken an action of which I am very strongly critical. This is the release: Chairman Alan Greenspan announced today that the Federal Open Market Committee…

I rise in very strong opposition to the amendment offered by the Senator from Mississippi which would prohibit assistance--not only military assistance but economic assistance or ESF, as well, as I understand it--to any country whose U.N…

You have to look at what these votes are. Morocco, on important votes, was 54.5 percent; on overall votes, it was 21 percent. Cyprus was 22 percent on overall votes; on important votes, it was 58 percent. So there is a big gap between…

I very much wanted to address this issue this evening in order to get into the Record, for the benefits of our colleagues and their staffs, the importance of this issue. This amendment has consequences that are not apparent upon first…

I want to address what seems to be a central premise of the argument he makes here on the floor, because I disagree with it very sharply. He said that with the end of the cold war, the purposes of the National Endowment for Democracy no…

Reform of U.S. foreign aid programs is indeed a vitally important undertaking, involving a number of complex issues that need to be addressed. I know there is a great deal of interest in the aid-for-trade issue in particular, and I would…

And not first class. First class is now prohibited. There was a time earlier when this was a problem. But now it has been eliminated. They do not permit first-class travel--there is a flat, absolute prohibition against it. I heard my other…