On the recordJanuary 25, 1995
It is time to keep our promise. The deficit today is over $200 billion, and it is as far as the eye can see $200 billion. In fact, by the turn of the century it is not going to be $200 billion, it is not going to be $300 billion. The OMB, the Office of Management and Budget is projecting over $400 billion. I had a town meeting a couple of weeks ago and I had a very activist Democrat stand up and say: Fred, I have been against the balanced budget before because I did not think it would work. I thought we had laws that made it work, but I've given up. When you get back to Washington, please, please, please, for our children and for our jobs, pass a balanced budget amendment. It is time now to keep our promises. It is time to pass a balanced budget amendment, a constitutional one.
Source
govinfo.gov




