Orrin Hatch: “What we need to do for families is to resist the higher interest costs on the mortgages, student loans, consumer…”

“What we need to do for families is to resist the higher interest costs on the mortgages, student loans, consumer purchases, auto loans, et cetera. If Congress can get its fiscal house in order, more jobs will be created and those jobs will be more secure. If Congress stops borrowing so much, we will have a more stable economy, which, of course, can help us to avoid these economic downturns in the first place. The only way we are going to get there is to quit piling the 29th unbalanced budget and the 30th and the 31st on top of each other. The fact of the matter is the balanced budget amendment is flexible enough to respond to most needs--in fact, all needs. Put it that way. But it is serious enough to stop Congress from continuing the pattern of borrowing year after year which has kept the economy from growing as well as it could have. My colleague from Illinois has introduced an amendment that seeks to waive the provisions of Senate Joint Resolution 1 for any fiscal year in which there is an economic recession or serious economic emergency.”