Carl Levin said "I oppose the amendment of the Senator from Illinois. I believe the current amendment of the Senator is a mistake. I feel either it will give the minority too much power or, what is more likely, in my view, is that loopholes in the amendment will be used to evade what its intent is. The Senator from Illinois has indicated that there is a backup to the misuse of those estimates, that if rosy scenarios were used, as they were in the eighties, to create fictitious surpluses or to show that there will be no deficits that as a matter of fact then you have the backup of a debt limit which then must be voted by 60 percent of the Senate to be increased. But very quickly let me say how easy it is to evade it." @ PoliticalQuotes.com

On the recordFebruary 28, 1994

I oppose the amendment of the Senator from Illinois. I believe the current amendment of the Senator is a mistake. I feel either it will give the minority too much power or, what is more likely, in my view, is that loopholes in the amendment will be used to evade what its intent is. The Senator from Illinois has indicated that there is a backup to the misuse of those estimates, that if rosy scenarios were used, as they were in the eighties, to create fictitious surpluses or to show that there will be no deficits that as a matter of fact then you have the backup of a debt limit which then must be voted by 60 percent of the Senate to be increased. But very quickly let me say how easy it is to evade it.

Said by

Carl Levin

Democratic · Michigan

Source

govinfo.gov

Editor's note · Context

The speaker opposes an amendment proposed by a Senator from Illinois regarding deficit reduction.

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