On the recordMarch 16, 1994
Mr. Chairman, we have an extraordinary opportunity before us today, and when we vote on these measures tomorrow. We have a breath of fresh air that has entered into this debate, and that breath of fresh air is the Wise substitute that says that it is time that we stop rehashing the tired old balanced-budget-amendment debates year after year, session after session of Congress, and decide instead that we are going to fundamentally reform the budget process in this country, and we are going to start by telling the Federal Government in Washington that it has to start looking at its budget like every successful business in America looks at its budget and every successful household looks at their budget across the country, and that is simply to recognize the fact that there is a fundamental difference between capital investment for growth and economic productivity and strength on the one hand, and an operating budget to meet your day-to-day, week-to-week expenses on the other hand.
Source
govinfo.gov




