On the recordMarch 17, 1994
Mr. Chairman, we have four constitutional amendments before us for consideration today. There are three that are roughly fairly similar. There is one that is different, and that is the Wise-Price-Pomeroy-Furse amendment that is before us today. All of the amendments, as I recall, would basically require a balanced budget by the year 2001, and so would ours. However, ours only has two grounds to waive those constitutional requirements: In the case of war or imminent military conflict or in case of recession measured by two quarters of negative economic growth. Now where are the differences that come though, because ours has two unique features? First of all, we take Social Security off budget and say nobody needs to argue about whether or not Social Security would be affected under any of the constitutional amendments.
Source
govinfo.gov
