Only God can say, prior to the end of a fiscal year, what the outlays are finally going to be and what the receipts are going to be. What does section 6 mean, then? The Judiciary Committee reported this constitutional amendment which says two things, balance the outlays and receipts in section 1; balance the estimates of outlays and receipts in section 6. So there has to be some explanation. Well, what does section 6 mean? Reading from the report. ``This provision gives Congress an appropriate degree of flexibility * * *'' Section 1 did not give----
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Senator Byrd discusses the implications of a constitutional amendment regarding fiscal policy.
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