Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee
Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee
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In our eReader you can find the full English version of the book. Read Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee
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And that is precisely it. We are compounding it.
Since you mentioned interest rates, I will enter into the record also a chart showing the real interest rates. By real interest rates, I mean adjusted for inflation, showing that we are not anywhere near the record low in terms of interest rates.
[See chart on page 49. ] Senator SiMON. You mentioned one other point, Mr. Sprague, that I think is important; that is, we have this three-fifths limit on extension of debt so that there can be no games ...played in this proc- ess, that we cannot say this is off budget, this is on budget, so that we are going to have to really pay attention to this thing. And I think that is an important provision. We are likely to have some amendments knocking out something like that, for example, and I think they have to be resisted.
I really appreciate your coming here. We are going to have 2 more days of testimony. In another hearing room, they are having testimony that is very different going on right now. But I hope that in the process the American people can become educated as to where we are and the dire consequences of just continuing this present trend unimpeded.
What to read after Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On the to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
And that is precisely it. We are compounding it.
Since you mentioned interest rates, I will enter into the record also a chart showing the real interest rates. By real interest rates, I mean adjusted for inflation, showing that we are not anywhere near the record low in terms of interest rates.
[See chart on page 49. ] Senator SiMON. You mentioned one other point, Mr. Sprague, that I think is important; that is, we have this three-fifths limit on extension of debt so that there can be no games ...played in this proc- ess, that we cannot say this is off budget, this is on budget, so that we are going to have to really pay attention to this thing. And I think that is an important provision. We are likely to have some amendments knocking out something like that, for example, and I think they have to be resisted.
I really appreciate your coming here. We are going to have 2 more days of testimony. In another hearing room, they are having testimony that is very different going on right now. But I hope that in the process the American people can become educated as to where we are and the dire consequences of just continuing this present trend unimpeded.
What to read after Balanced Budget Amendment to the Constitution Hearings Before the Subcommittee?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On the to read onlineMoreLess
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