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
... 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 has soared to more than $ 30 billion ...
... 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 has soared to more than $ 30 billion ...
Page 7
... less . As a result of this phe- nomenon , it has been estimated that Federal tax revenues increase by approxi- mately 1.65 percent for each 1 percent of inflation . An increasing proportion of the national income is consumed by the ...
... less . As a result of this phe- nomenon , it has been estimated that Federal tax revenues increase by approxi- mately 1.65 percent for each 1 percent of inflation . An increasing proportion of the national income is consumed by the ...
Page 10
... less , not an absolute wall , but a wall of some kind of protection between the special interest groups and the elected officials . I speak respectfully of these groups , and I don't blame them one bit . It's natural that everyone would ...
... less , not an absolute wall , but a wall of some kind of protection between the special interest groups and the elected officials . I speak respectfully of these groups , and I don't blame them one bit . It's natural that everyone would ...
Page 15
... less than the total outlays , then under the amendment the President would be required to determine the percentage rate of income surtax which would be necessary to raise enough additional taxes to eliminate the deficit and transmit it ...
... less than the total outlays , then under the amendment the President would be required to determine the percentage rate of income surtax which would be necessary to raise enough additional taxes to eliminate the deficit and transmit it ...
Page 17
... less than $ 6 million . The estimated cost for fiscal year 1980 is $ 6.9 billion , in spite of repeated attempts to curb and hold down the program . Medicare and Medicaid combined expenditures in fiscal year 1970 were about $ 10 billion ...
... less than $ 6 million . The estimated cost for fiscal year 1980 is $ 6.9 billion , in spite of repeated attempts to curb and hold down the program . Medicare and Medicaid combined expenditures in fiscal year 1970 were about $ 10 billion ...
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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.