I thank my good friend from Florida. As I said a moment ago, a balanced budget amendment will legally prevent us, tie our hands from spending more than we take in. It's the only method available to control spending in Washington, and it will lower our interest rates which will contribute to economic growth. This balanced budget amendment is a job creator because it puts certainty back into the marketplace. It will remove legislative gimmicks--you know, the kind of accounting gimmicks that say we've cut when we really haven't--from the budgeting process because it will be just like what this woman is doing with her checkbook, how much in, how much is going out, are we in the black or are we in the red. Since the passage of a balanced budget amendment, or the attempt to pass a balanced budget amendment in 1995 by a bipartisan House and its subsequent failure by one vote in the Senate, the national debt has grown by $9 trillion. You know, if we just had that courageous person in the Senate in 1995 to say yes, I dare say we wouldn't be in the position we are in today. The passage of a balanced budget amendment would be a key step to rebuild, restore, and regain the American public's trust and confidence in the United States, and not just the confidence for the Americans to have in us, but the confidence for our creditors around the world. This resolution does a couple of things.…
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