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.
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