Summary

AS THE NATION FACES AN EVER RISING FEDERAL BUDGET DEFICIT... THE PUSH IS ON BY FISCAL CONSERVATIVES TO REQUIRE A BALANCED BUDGET BY MEANS OF A CONSTITUTIONAL AMENDMENT. MARY MILLER HAS MORE FROM WASHINGTON.

Source CONUS Archive
Record ID 95885
Story Slug BUDGET
Location WASHINGTON, DC
Format PKG
Date 5/5/1992
Archive Time 10:30
TRT 1:49
Supers REP. JOE BARTON, (R) TEXAS REP. DAN BURTON, (R) INDIANA REP. JOE MOAKLEY, (D) MASSACHUSETTS MARY MILLER, STANDUP
Video Description WHITE HOUSE, CONGRESS, MONEY BEING PRINTED, BITES, CONGRESS, HOUSE BANK, RECORDS, STANDUP
Description AS THE NATION FACES AN EVER RISING FEDERAL BUDGET DEFICIT... THE PUSH IS ON BY FISCAL CONSERVATIVES TO REQUIRE A BALANCED BUDGET BY MEANS OF A CONSTITUTIONAL AMENDMENT. MARY MILLER HAS MORE FROM WASHINGTON.
Script FOR THE FOURTH TIME IN THE NATION'S HISTORY... A BALANCED BUDGET AMENDMENT APPEARS HEADED FOR A SHOWDOWN IN CONGRESS. GIVING IT A MAJOR PUSH TODAY IS A BIPARTISAN GROUP OF LAWMAKERS, HEADED BY REPUBLICAN JOW BARTON OF TEXAS. THEY, AND SEVERAL BUSINESS AND TAXPAYER GROUPS, PLAN TO HOLD A NEWS CONFERENCE TO CALL FOR PASSAGE OF THE AMENDMENT, AND RELEASE A STUDY ON THE IMPACT OF THE GROWING DEFICIT. (BITE) IN FACT, IT WAS BARTON'S BALANCED BUDGET AMENDMENT THAT WENT TO THE FLOOR TWO YEARS AGO AND FAILED BY ONLY SEVEN VOTES. THE DEBATE WAS FIERCE. (BITES) BUT THE IDEA APPEARS TO HAVE GAINED MOMENTUM... ATTRIBUTABLE TO TWO THINGS, SAY PROPONENTS: THE BANKING SCANDAL THAT'S LEFT LAWMAKERS TRYING TO CONVINCE CONSTITUENTS THEY'RE REALLY SERIOUS ABOUT BALANCING THE THE NATION'S CHECKBOOK EVEN IF THEY CAN'T BALANCE THEIR OWN... AND REDISTRICTING, WHICH IS EXPECTED TO BRING IN A LOT OF FRESH FACES WHO SUPPORT A FRESH WAY OF DOING BUSINESS IN WASHINGTON. EVEN POWERFUL DEMOCRATS LIKE HOUSE SPEAKER TOM FOLEY AND BUDGET COMMITTEE CHAIRMAN LEON PANETTA, WHO'VE LONG OPPOSED THE AMMENDMENT, HAVE ADMITTED RECENTLY IT'S LIKELY TO PASS THIS TIME AROUND. THE AMENDMENT NEEDS A TWO-THIRDS VOTE IN BOTH THE HOUSE AND SENATE TO GO TO THE STATES FOR RATIFICATION WHERE 30 NEED TO APPROVE IT. THOUSANDS OF CONSTITUTIONAL AMENDMENTS HAVE BEEN PROPOSED, ONLY 26 HAVE BEEN ADOPTED, THE LAST ONE MORE THAN TWO DECADES AGO: A SMALL INDICATION THAT NO MATTER HOW WORTHY THE CAUSE, IT'S NO EASY PROCESS. MARY MILLER, WASHINGTON.
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