On the recordApril 12, 2018
Let me read a couple of paragraphs from this letter from AFSCME. ``The proposed constitutional amendment is a draconian and unwise proposal that would damage the economy, result in huge job losses, and weaken vital public services that all Americans depend on. It unwisely requires outlays to match receipts each year regardless of economic conditions, a supermajority vote of three-fifths to increase the debt ceiling, with limited exceptions for outlays to exceed receipts only in times of war, but not during recessions or disasters.'' This is a false attempt to claim fiscal responsibility on the heels of a reckless tax cut projected to cause the deficit to skyrocket to $1.9 trillion over the next decade. Mr. Speaker, let me read from the AARP letter. This is, as we know, AARP, the largest nonprofit, nonpartisan organization dedicated to empowering Americans over 50 on how they choose to live as they age. And here is what they had to say: ``A balanced budget amendment would likely harm Social Security and Medicare, subjecting both programs to potentially deep cuts without regard to the impact on the health and financial security of individuals. It would also likely diminish the resources available for programs assisting Americans who are least able to provide for themselves--services such as meals or heating for those who are too poor or physically unable to take care of their basic needs without some support.'' {time} 1630 Mr.…





