On the recordJuly 27, 2011
March 2, 1995, was a pivotal day in the history of our country. On that day, the United States Senate failed by one vote to send a balanced budget amendment to the States for ratification. The amendment had passed the House by the required two- thirds majority previously, and the Senate vote was the last legislative hurdle before ratification by the States. If that amendment had passed, then we would not be dealing with the fiscal crisis we now face. If that amendment had passed, then balancing the budget would have been the norm rather than the exception over the past decade and we would have nothing like the annual deficits and skyrocketing debt that we must address today. The good news is that, like 1995, this Congress is again standing at a crossroads at this very moment. The decisions we make this week could steer the direction of the country for many years to come. We have an opportunity now to take action to ensure that our children will face a much brighter fiscal picture. We must not allow ourselves to miss this opportunity. And while, yes, we definitely need to deal with the debt limit squarely in front of us and take the opportunity to make significant cuts in government spending, we also must have a long-term solution to this problem. And that long-term solution is a balanced budget amendment to the United States Constitution. We will, I hope, have the opportunity to vote on such an amendment this week.…





