It seems to me that is one reason why we need a balanced budget amendment. If there are Senators that will not do that now, then under the balanced budget amendment we are going to have to. We are going to have to raise taxes and reduce spending or have a supermajority vote to spend more.
Orrin Hatch: “It seems to me that is one reason why we need a balanced budget amendment. If there are Senators that will not do that…”
Editor's note · Context
Discussing the need for a balanced budget amendment.
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More from Orrin Hatch
I rise today to introduce the Traumatic Brain Injury Program Reauthorization Act of 2018. I want to thank my colleague, Senator Casey, for working with me once again on important legislation to reauthorize the Federal Traumatic Brain…
I know of no further debate on the bill. The PRESIDING OFFICER. Is there further debate? Hearing none, the bill having been read the third time, the question is, Shall the bill pass? The bill (H.R. 1551), as amended, was passed.
I thank my dear colleague for his kind remarks. I didn't expect them. I didn't realize this was going on until a few minutes ago. So I am grateful to him. Thanks for that. The PRESIDING OFFICER. The Senator from Pennsylvania.
The Congressional Budget Office projects that the PBGC's multiemployer insurance system will exceed resources available to pay claims by $45 billion.





