Proposed Constitutional Amendment to Balance the Federal Budget: Hearings Before the Subcommittee on the Constitution of the Committee on the Judiciary, United States Senate, Ninety-sixth Congress, First Session ....U.S. Government Printing Office, 1980 - 621 pages |
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Common terms and phrases
achieve American Article V Convention balance the budget balanced budget amendment balanced budget requirement balanced Federal budget balanced-budget believe borrowing budget balance Budget Committee budget deficit budget process budgetary capital Chairman Congressional Budget constitutional amendment Constitutional Convention cost deficit spending economists effect expenditures Federal deficit Federal Government Federal spending financing fiscal policy fiscal responsibility fiscal year 1980 flexibility funds going gross national product growth higher future impact income increase inflation inflationary interest James Dale Davidson KIRKLAND legislative legislatures majority mandate ment national debt national emergency National Taxpayers Union off-budget percent political President problems programs proposed amendments question receipts recession reduce require a balanced restraint revenues RIVLIN S.J. Res Secretary BLUMENTHAL Senate Joint Resolution Senator BAYH Senator HATCH Senator MUSKIE Senator PRYOR Senator THURMOND spending limitation subcommittee surplus taxpayers Thank tion U.S. SENATOR unemployment
Popular passages
Page 553 - To include in our Constitution a balanced budget amendment would mean the enshrinement of a specific economic policy. As Justice Holmes observed, the "Constitution is not intended to embody a particular economic theory, whether of paternalism and the organic relation of a citizen to the state or of laissez-faire.
Page 247 - Constitution is not intended to embody a particular economic theory, whether of paternalism and the organic relation of the citizen to the state or of laissez faire.
Page 71 - provision ought to be made for the amendment of the Articles of Union whensoever it shall seem necessary, and that the assent of the National Legislature ought not to be required thereto.
Page 72 - The underscored clause was rejected by the Committee on the Whole; as Hamilton explained, if the convention process were entirely free of control by Congress, "the State legislatures will not apply for alterations but with a view to increase their own powers.
Page 254 - 42 The Federalist No. 34 (A. Hamilton) at 207 (Mentor Books ed. 1961). PROPOSED CONSTITUTIONAL AMENDMENT TO BALANCE THE FEDERAL BUDGET THURSDAY, OCTOBER 11, 1979 US Senate, Subcommittee on the Constitution of the Committee on the Judiciary, Washington, DC The subcommittee met at 9:45 am, in room 1202, Dirksen Senate Office Building, Hon. Birch Bayh (chairman of the subcommittee) presiding.
Page 55 - A few years ago, Walter Lippman presented a very harsh judgment on the American politician and the factors which influence his decision-making. "The decisive consideration is not whether the proposition is good but whether it is popular—not whether it will work well and prove itself, but whether the activetalking constituents like it immediately.
Page 473 - assembled (two3 thirds of each House concurring therein), That the following 4 article is proposed as an amendment to the Constitution of 5 the United States, which shall be valid to all intents and 6 purposes as part of the Constitution when ratified by the leg7 islatures of three-fourths of the several States:
Page 252 - Print 1976). 22 CRS Report at S2447-48. 23 CRS Report at 2449; Surrey, Federal Income Tax Reform, The Varied Approaches Necessary to Replace Tax Expenditures with Direct Governmental Assistance, 84 Harv. L. Rev. 352 (1970). 24 CRS Report at
Page 26 - they improve their chances by resorting to deficit spending. It enables them to make the benefits of increased spending immediately evident to special constituencies while disguising the costs in the form of borrowing and inflation which are diffused over large numbers of the rest of society. Under such conditions, the
Page 605 - The Congress... on the application of the legislatures of two-thirds of the several states, shall call a convention for proposing amendments which... shall be valid to all intents and purposed as part of this constitution when ratified