130 years ago, President Lincoln, in addressing a troubled nation, said, ``The dogmas of the quiet past are inadequate for the stormy present. As our problems are new, we must think anew.'' The unprecedented deficits that this government has incurred year after year in the last 1 rac{1}{2} decades have created a national debt of staggering proportions. The balanced budget amendment is a new approach to the stormy financial burden afflicting this Nation. We have a firm, respected bipartisan balanced budget amendment which the Congress came close to passing 6 months ago. It is the Stenholm-Simon proposal. Let us act promptly to pass this bipartisan amendment in 1995.
David Minge: “130 years ago, President Lincoln, in addressing a troubled nation, said, ``The dogmas of the quiet past are inadequate…”
Editor's note · Context
Discussing the need for a balanced budget amendment in light of national debt.
Share
More from David Minge
If my colleague would allow me to interrupt for a moment, he referred to the energy costs and tax cuts. I had a very interesting experience just this last week. I visited a small trucking company, and the founder of the trucking company…
There is a fair amount of cynicism and I would say even despair among young people. They feel they are paying in, it is about 12.4 percent in payroll tax for Social Security and that this is a benefit that is for their parents, their…
The Fairness Caucus is committed to ending the regional disparities that exist with respect to Medicare today. The fact that seniors in some parts of the country are already receiving prescription drugs as a part of Medicare, at no premium…
Returning to the crop insurance subject, I certainly am pleased that the Republican budget does allow $6 billion for the first 5 years of the budget cycle, but I would point out that it is a 10-year budget and there is nothing for crop…





