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----
Harry Flood Byrd: “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…”
Editor's note · Context
Senator Byrd discusses the implications of a constitutional amendment regarding fiscal policy.
Share
More from Harry Flood Byrd
If this balance is done on the basis of estimates, there is no estimate that will ever be accurate.
When we write this amendment into the Constitution, who is going to decide what reality is? ... It is somewhat ironic for me to think that that little bit of paper is going to make any difference, when it is the same people who are…
I congratulate the majority leader on this agreement. I should state that those of us who oppose the Simon amendment gave up some of our rights, as did those who support it, but I think that this is the best conclusion. I think it will…
I have often wondered how Shakespeare could have come to know and understand human nature as well as he obviously did, probably more so than any other man--any man other than Jesus Christ--who ever walked this planet; and how he came to…





