Mr. President, the parentage of this successful budget resolution is ardently sought by many. Only failure is an orphan. In this case--I hope not to drive the metaphor too far--I believe that many properly may claim parentage of the resolution that is before us here. In the decade and a half during which I have served in the U.S. Senate, this budget resolution marks two firsts. It is the first resolution that genuinely will yield us, when passed and enforced, to a balanced budget, to a situation in which we will no longer be piling debt upon debt on the backs of our children and our grandchildren. It is also, remarkably, the first budget resolution during that period of time that seems likely to pass with significant majorities in favor of it from both political parties. As I look back on the history that has led to this point, I reflect on the fact that members of the Democratic Party and the President of the United States can claim some credit in moving in this direction for the highly controversial resolution that they proposed and passed without any support from the Republican Party some 4 years ago. Our predictions that that resolution would have dire consequences did not, in fact, turn out to be the case.
Editor's note · Context
Discussing the significance of a budget resolution during Senate floor debate.
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