The advantage, according to Alan Greenspan with the Federal Reserve, is by having reduced interest costs it will be easier to afford a mortgage, easier to pay for a college loan, easier to pay for a car expense. Those kinds of things are in real dollars going to be decreased in cost if we can in fact pass a balanced budget, and also create about 300,000 new jobs a year. So the overall boost to our economy will be terrific.
Discussing the benefits of a balanced budget during a floor speech.
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