What it amounts to is not only have we failed to pass the balanced budget amendment, we are here in deep debate over whether we can take 1 percent out of it. We saw, by failure to pass the balanced budget amendment, very clearly that the value of the dollar against every other industrialized currency throughout the world took a deep dive. The Senator from Georgia talked about it earlier. Now we are further reinforcing the idea throughout the financial communities of the world that we do not intend to reduce the budget. We are simply going to talk about it.
Duncan Faircloth: “What it amounts to is not only have we failed to pass the balanced budget amendment, we are here in deep debate over…”
Editor's note · Context
Discussing the failure to pass a balanced budget amendment and its impact on the dollar's value.
Share
More from Duncan Faircloth
I commend the Chairman on this bill, and for his attention to providing funding to the Graveyard of the Atlantic Museum, a public, nonprofit, educational institution, designed for Hatteras Island, one of North Carolina's Outer Bank…
I simply want to discuss very briefly an issue that I may later offer an amendment on to this legislation, and it is an issue that I understand you are also interested in, Mr. President. It is concerning the Commodity Futures Trading…
I am shocked that the Senate rejected two prior attempts to limit these attorneys' fees, and I am amazed that we are here to debate whether a four thousand dollar per hour cap is enough for the trial lawyers. Over the past few days, a…
how we vote is not always clear to Americans. For the average citizen it is not easy to keep straight whether a ``yea'' is for or against something--whether it is a vote to pass a bill or table it. It also can be difficult to sort out…





