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 12
... reduce that figure , but without a great deal of success . Now , here's something that's close to the people and I know what it is something about these medical bills , medicare and medicaid . These items alone have gone up in the last ...
... reduce that figure , but without a great deal of success . Now , here's something that's close to the people and I know what it is something about these medical bills , medicare and medicaid . These items alone have gone up in the last ...
Page 16
... reduce , the extravagant waste of the financial resources of the government . It would absolutely force the Congress ... reduction in Federal spending would have the very desirable effect of slowing or reducing inflation . This is ...
... reduce , the extravagant waste of the financial resources of the government . It would absolutely force the Congress ... reduction in Federal spending would have the very desirable effect of slowing or reducing inflation . This is ...
Page 28
... reduce " crowding out . " When deficit spending leads government to borrow massive amounts of money , it soaks up available capital , raising interest rates and reducing stock prices . A balanced budget would lower borrowing costs ...
... reduce " crowding out . " When deficit spending leads government to borrow massive amounts of money , it soaks up available capital , raising interest rates and reducing stock prices . A balanced budget would lower borrowing costs ...
Page 35
... reduce the deficit , and perhaps to support new initiatives which may be in the national interest as we come to them . Mr. Chairman , we must retain the resources and flexibility to cope- with a wide variety of economic circumstances ...
... reduce the deficit , and perhaps to support new initiatives which may be in the national interest as we come to them . Mr. Chairman , we must retain the resources and flexibility to cope- with a wide variety of economic circumstances ...
Page 40
... reduce these deficits under the present circumstances . The real problem , however , is not particularly whether you are right or wrong here . The real problem is that we are likely to have a call by 34 States , pursuant to the ...
... reduce these deficits under the present circumstances . The real problem , however , is not particularly whether you are right or wrong here . The real problem is that we are likely to have a call by 34 States , pursuant to the ...
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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.