on Friday of last week there was a press conference held. That press conference was to talk about an important event, important because for the first time in the history of our country we know there are enough people in the House of Representatives who are committed to vote for a balanced budget amendment to ensure that a balanced budget amendment can be passed. This press conference was among the Democratic Caucus, and some 66 members of our Caucus signed a letter to our Speaker. The Speaker was notified that 66 Democrats were prepared to vote for a balanced budget amendment this week, and the 66 Democrats, along with the Republican Caucus, would give you enough votes for the required two-thirds' majority or the 290 votes to pass this balanced budget amendment. I think this is good news in that we have a bipartisan agreement now so that Democrats and Republicans alike can do what is best for America. This comes at a time when our debt is now $4.7 trillion, when our interest payments will equal $300 billion as a nation; $300 billion we paid last year alone as interest on our national debt. This is money that, had we not had debt and we balanced our budget for many years before this, we would have had that same $300 billion to use to cut taxes. We could have used that money for other purposes such as fighting crime, such as improving education.
Editor's note · Context
Discussing bipartisan support for a balanced budget amendment during a House press conference.
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