The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
States, virtually all of them, have a constitutional requirement to operate on a balanced budget.
The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation. We fought a war over that issue and we won that war.
Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
I served at a time when we had a strong economy, when we had deficits that we would die for today. I was able to propose a balanced budget, not over ten years, but over five years. I'm proud of that record.
In my political career, I'd like to see a constitutional balanced budget amendment.
Our state has a balanced budget. We have to live within our means in the state of Wyoming. I was in the state senate. This country needs a balanced budget amendment to the Constitution.
It's all right to agree or disagree on the balanced budget amendment. It's all right to talk about how we're going to appropriate.
Of course, tax revenues have ended up being substantially higher than they were at the time these dire projections were made, and we are very close now to having a balanced budget. All that has been very helpful.
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
You know, the Democrats want to balance the budget by raising spending and raising taxes. The Soviet Union had a balanced budget.
I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.
It is time we passed a balanced budget amendment and return this government to limited spending.
Fourth, to assure every entrepreneur and every job creator that their investments in America will not vanish as have those in Greece, we will cut the deficit and put America on track to a balanced budget.
My views on everything from welfare to a balanced budget to affirmative action can be traced to what Buddy and Helen Watts taught me as a young boy growing up poor but proud in Eufaula.
People must again learn to work, instead of living on public assistance.
The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.
If congress refuses to obey its own rules. If congress refuses to pass a balanced budget. If congress refuses to read the Bills. Then I say, sweep the place clean, limit their terms, and send them HOME!
You can't get to a balanced budget and begin to pay down debt and thus create jobs in this country if you don't have specific plans to make it work.
Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt.
On Bill Clinton: I have a simple question: Who's the last President to give you a balanced budget?
In his 16 years in the Senate, John Kerry has fought against government waste and worked hard to bring some accountability to Washington. Early in his Senate career in 1986, John signed on to the Gramm-Rudman-Hollings Deficit Reduction Bill, and he fought for balanced budgets before it was considered politically correct for Democrats to do so. John has worked to strengthen our military, reform public education, boost the economy and protect the environment.
Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.
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