Political Quotes

“as I have heard my friend from Florida and the Senator from California make their arguments on this balanced budget amendment, if there is ever an argument that they have made that has been powerful it is this one, but it is an argument why we should have a balanced budget amendment so these trust funds can stay viable, so we can live up to our obligations. It was a wonderful argument for them. And I do not think we should lose the spirit of just exactly why we have to have it. If we go far back in our history to the ratifying of our Constitution and read the argument that was made then, when we formed this country, there was a very deep concern from the Framers of this Constitution about our ability to create national debt. I think it was Thomas Jefferson himself who made the statement that still was one of his concerns when the Constitution was ratified. I know it was a concern of the first President of this United States, George Washington. If we read our history, those concerns have lasted as long as our Constitution has lasted. So the argument they make is a very persuasive one for, and a good reason why we need, a balanced budget amendment at this time. I yield the floor.”