I rise as an original cosponsor of the underlying Simon resolution which requires a balanced budget. I oppose the Reid substitute with reluctance, and do so with my eyes wide open, acknowledging the shortcomings of both proposals. Whatever the outcome today, I will continue to support serious responsible proposals to achieve the goal of a balanced budget. I think it is important that we have been having this debate. If nothing else, this resolution has provided the public focus on the need for long-term fiscal responsibility. I, for one, do not think we have had enough of that. The Reid substitute amendment, is a noble attempt, but I fear that it sounds more effective, than it would prove to be in practice. It will not instill the same fear of God into policymakers that the Simon resolution will and is, in my view, too easy to circumvent. While the Simon amendment may not be perfect, at least it has enough teeth to scare folks into making more responsible decisions.
Editor's note · Context
Robb discusses the importance of the debate on balanced budget proposals in the Senate.
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