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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Page 3
... annual deficit in this country was less than $ 2 billion . During the 1960's , the war in Vietnam included , the average deficit was less than $ 6 billion . During the 1970's - and there is bipartisan responsibility - the average debt ...
... annual deficit in this country was less than $ 2 billion . During the 1960's , the war in Vietnam included , the average deficit was less than $ 6 billion . During the 1970's - and there is bipartisan responsibility - the average debt ...
Page 6
... annual basis . Such a budget has been achieved by the Federal Government only eight times in the past 50 years , and only twice in the past 23 years . What is currently considered off - budget spending is to be included in this ...
... annual basis . Such a budget has been achieved by the Federal Government only eight times in the past 50 years , and only twice in the past 23 years . What is currently considered off - budget spending is to be included in this ...
Page 17
... annual basis . In view of this , and as a guage for the future , I believe it would be helpful to look at the past growth of a few of the existing programs . The food stamp program was started as a pilot or experiment in 1961. The cost ...
... annual basis . In view of this , and as a guage for the future , I believe it would be helpful to look at the past growth of a few of the existing programs . The food stamp program was started as a pilot or experiment in 1961. The cost ...
Page 18
... annual cost of military retired pay under this system could reach over $ 36 billion by the year 2000. I have proposed that we put in an additional system , but I merely point to the problem now . Outlays for training , employment and ...
... annual cost of military retired pay under this system could reach over $ 36 billion by the year 2000. I have proposed that we put in an additional system , but I merely point to the problem now . Outlays for training , employment and ...
Page 32
... created . Even if we ended the practice of fully funding multiyear projects , this formula would still require substantial annual surpluses which would severely slow economic growth . The next option would not only balance the budget , 32.
... created . Even if we ended the practice of fully funding multiyear projects , this formula would still require substantial annual surpluses which would severely slow economic growth . The next option would not only balance the budget , 32.
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Common terms and phrases
American annual appropriate balance the budget balanced budget amendment balanced Federal budget balanced-budget billion borrowing budget balance budget deficits budget process budgetary capital Chairman Congress constitutional amendment Constitutional Convention consumption costs deficit spending deflator dollars economic economists effect Federal budget Federal deficit Federal Government Federal spending finance fiscal policy funds going gross national product growth rate higher future House impact income inflation rate inflationary interest issue legislative majority mandate ment Milton Friedman money supply national debt national emergency National Taxpayers Union off-budget percent period political President problems programs proposed amendment public sector question ratification receipts recession reduce require a balanced restraint revenues S.J. Res Senate Joint Resolution Senator BAYH Senator HATCH Senator MUSKIE Senator THURMOND spending limitation subcommittee Table taxpayers tion total outlays transfer outlays U.S. SENATOR unemployment United
Popular passages
Page 227 - It is made for people of fundamentally differing views, and the accident of our finding certain opinions natural and familiar or novel and even shocking ought not to conclude our judgment upon the question whether statutes embodying them conflict with the Constitution of the United States.
Page 200 - Constitutions of civil government are not to be framed upon a calculation of existing exigencies ; but upon a combination of these, with the probable exigencies of ages, according to the natural and tried course of human affairs.
Page 64 - Such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government.
Page 75 - ... or, on the application of the legislatures of two-thirds of the several states, shall call a convention for proposing amendments, which, in either case, shall be valid to all intents and purposes, as part of...
Page 448 - English language. 1 Resolved by the Senate and House of Representatives 2 of the United States of America in Congress assembled 3 (two-thirds of each House concurring therein), That the fol4 lowing article is proposed as an amendment to the Constitu5 tion of the United States, which shall be valid to all intents 6 and purposes as part of the Constitution...
Page 454 - IN THE SENATE OF THE UNITED STATES JANUARY 3, 1985 Mr. MATTINGLY (for himself, Mr. EVANS, Mr. THURMOND, and Mr. ARMSTRONG) introduced the following joint resolution; which was read twice and referred to the Committee on the Judiciary JOINT RESOLUTION Proposing an amendment to the Constitution of the United States to allow the President to veto items of appropriation. 1 Resolved by the Senate and House of Representatives...
Page 74 - Resolved that 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 466 - IN THE SENATE OF THE UNITED STATES MAY 15 (legislative day, MAT 13), 1987 Mr. ROTH introduced the following joint resolution; which was read twice and referred to the Committee on the Judiciary JOINT RESOLUTION Proposing an amendment to the Constitution of the United States relative to limiting campaign expenditures. 1 Resolved by the Senate and House of Representatives...
Page 74 - The State Legislatures will not apply for alterations but with a view to increase their own powers. The National Legislature will be the first to perceive and will be most sensible to the necessity of amendments, and ought also to be empowered, whenever two thirds of each branch should concur to call a Convention.
Page 340 - Chairman, may I thank the chairman and the members of the committee for their consideration.