The President. The Vice President and these Senators—these Members, these Representatives in the House are here with me today for an announcement. And let me warn you now, there won't be any questions. I just wanted to make this announcement. Nearly 3 months ago, I told the American people that we'd made dramatic progress in reducing the growth of Federal spending, but that we need more time to get the job done. For too long the legislative process has simply been overwhelmed by the powerful and relentless pressures for more spending. So, I asked the Congress to pass, as soon as possible, a constitutional amendment requiring that it balance the Federal budget. Today, I have met with these key leaders pushing this bipartisan initiative in the House and Senate. On behalf of the public and our administration, I express to them our gratitude, the urgency we feel, and my eagerness to do everything I can to ensure their success. Senate debate on the proposed resolution will begin ...read full document |