last November the people of the 3rd District of South Carolina sent me to Washington in hopes of changing the direction of the country. My constituents expect me to display courage in making tough decisions. I will not let them down. I will vote for the balanced budget amendment, the Barton version, with a tax limitation provision. Now I am going to put my speech up. There has been a lot of talk tonight about what the consequences of a balanced budget would mean to different groups in this country. There is one thing I think we have in common, whether you are young or old, black or white, rich or poor. If we don't do it, it is a bad deal for everybody. The thing that I think has been overlooked that I would like to comment on for a minute or two is what does it mean when you are $4.5 trillion-plus in debt? The honest answer is I cannot even imagine that money in real terms. The real serious consequences of spending that much money more than you have is that over time you ruin the character of your people. Over time, everybody in the country begins to look to the Federal Government to solve every problem they have. I am 39 years of age, and I would say that my generation always looks outward instead of inward; that there is somebody to blame, there is some Federal program, some State program, to make it right. When you can be everything to everybody, in my opinion, eventually you will ruin everybody.
On the recordJanuary 25, 1995
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govinfo.govEditor's note · Context
Addressing the need for a balanced budget amendment and its implications for American society.
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