[Congressional Record Volume 140, Number 23 (Monday, March 7, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 7, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                     THE BALANCED BUDGET AMENDMENT

  (Mr. SOLOMON asked and was given permission to address the House for 
1 minute.)
  Mr. SOLOMON. Mr. Speaker, a couple of weeks ago over in the other 
body, after a lot of arm-twisting by the White House, the other body 
failed to pass something the American people have been asking for, for 
weeks and years and months, and that is a balanced budget amendment so 
the States would have the opportunity to ratify it. At that time there 
was a lot of rhetoric that we do not need a balanced-budget amendment, 
what we need is a Congress with the guts to balance the budget.
  Well, ladies and gentlemen, on Wednesday of this week a bipartisan 
group of us will be offering this body as well as the other body a 
balanced budget for the first time in the history of this Congress 
since we got onto these unbalanced budgets back in the late 1940's and 
early 1950's. We are doing so without touching the Social Security 
trust funds. We are doing so without touching the earned veterans' 
benefits which are a contractual agreement to the people that have 
served in our armed services.
  I hope you will all pay attention to it. It is a budget that is 
fiscally responsible. It will lower the interest rate debt service by 
$80 billion over that 5-year period.
  I would invite all of you to cosponsor that substitute balanced 
budget which I will be offering in the Committee on Rules on Tuesday.

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