Political Quotes

On the recordFebruary 23, 1994
Any flexibility. But ``This provision gives Congress an appropriate degree of flexibility * * *'' What is an appropriate degree? ``* * * in fashioning necessary implementing legislation. For example, Congress could use estimates of receipts or outlays at the beginning of the fiscal year to determine whether the balanced budget requirement of section 1 would be satisfied, so long as the estimates were reasonable * * *'' What does that mean? ''* * * so long as the estimates were reasonable and made in good faith.'' Again, let me refer to the all-knowing, omniscient, omnipresent, omnipotent God. Only God knows what we are saying--what is in good faith. I cannot tell whether the Senator is acting in good faith. He does not know whether I am acting or speak in good faith. But so long as they are reasonable and made in good faith, Congress, then, could say that the requirement is satisfied. ``In addition, Congress could decide that a deficit caused by a temporary, self-correcting drop in receipts or increase in outlays during the fiscal year would not violate the article.'' So Congress can say that the article is not violated. Congress could say that it is all right to violate it. ``Similarly, Congress could state that very small or negligible deviations from a balanced budget would not represent a violation of section 1.'' How much is small? In a budget this year of $1.474 trillion, how much is small? Fifty billion dollars? Five billion dollars? Ten billion dollars?
Said by
Harry Flood Byrd
Virginia

Editor's note · Context

Senator Byrd discusses the implications of flexibility in budget legislation and the criteria for good faith estimates.

Share

More from Harry Flood Byrd

Feb 24, 1994

I congratulate the distinguished Senator from Louisiana on the statement that he has just made and also on the stand that he has taken. He mentions the danger, the utter folly of doing something here that would allow the courts, that would…

govinfo.gov
Mar 17, 1994

the Senate has confirmed Mr. Michael Walker, who resides near Charles Town, WV, to be Assistant Secretary of the Army. I was pleased to see that President Clinton nominated Mike Walker to become Assistant Secretary of the Army and I…

govinfo.gov
May 12, 1994

we should take a minute to examine exactly what the Senate has done today in passing both the amendments offered by the distinguished majority and minority leaders. The amendments offer a rather different approach to the question of…

govinfo.gov
Apr 13, 1994

The Administration supports the payment in lieu of taxes (PILT) program to compensate units of local governments of losses to their real property tax base due to Federal lands within their boundaries. The Administration, however, cannot…

govinfo.gov

Other voices in this conversation