On the recordNovember 15, 2011
I thank my colleague from Kansas. And I couldn't agree with you more. The passage of a balanced budget amendment will legally prevent us from spending more than we take in. It is the only method guaranteed to control our spending. By controlling our spending, we will lower the deficit, which will lower interest rates, which will contribute to greater economic growth. The passage of a balanced budget amendment will provide job creators with a better understanding of the economic environment in which they can expect to do business--that's called certainty--thereby encouraging investment and expansion. I could go on and on. I will now turn to my good friend from Florida because I want to hear your thoughts on this balanced budget amendment.
