Balanced Budget Amendment
I thank Senator Johanns very much. I am honored to be here with the other former Governors. There are a handful of us on each side who have had the honor and privilege of serving their States as the chief executive, so it is a real honor…
I thank Senator Johanns very much. I am honored to be here with the other former Governors. There are a handful of us on each side who have had the honor and privilege of serving their States as the chief executive, so it is a real honor to be here, and I bring that experience with me. I think every one of us brings that experience with us. I not only bring that experience, but I did almost three decades in the Idaho State Senate, balancing the budget and, indeed, I was in the leadership, having to do what the leadership does here, as far as bringing the two ends together, because we have a balanced budget requirement in the State of Idaho, as virtually every other State does. Does that create some angst when one is the chief executive or when one is in the legislative process trying to balance the budget? Of course it does. I am sure the Presiding Officer wound up with the same thing in her great State as she tried to balance the budget because no matter how much money one has, it is never enough. As Senator Johanns pointed out, it is a matter of priority. This is not rocket science.
What the States do and, indeed, what businesses do and, indeed, what families do around the kitchen table, either formally or informally, is anticipate how much money is going to come in over the year, sometimes over the month, sometimes over the week. They anticipate how much money is going to come in and then they say: We have priorities. What is our first priority? Of course, in a home, we have to be able to eat, we have to have the utilities paid and a roof over our head, so those become very important. To a government, obviously, if it is a State government, education is the largest expenditure for virtually everyone. For the Federal Government, obviously, the highest priority is national defense. But we make a list. Then what we do is we allocate the money we have to a list. When we are done, nobody ever stands and says: That went very well. We have enough money. We have everything funded. We are able to do everything we want to do.
No, absolutely not. Indeed, around here, in this city, this government is spending $3.8 trillion. I can tell you, there isn't a day that goes by where we don't get hit up with somebody saying: It is not enough. Our agency doesn't have enough money. Why we can't even--blank. Fill in whatever you want, whatever agency it is. Everybody tells you they don't have enough money.
Yes, that is right. Because a balanced budget requirement acknowledges a plain, simple fact of life; that is, there are not enough resources to do everything we want to do. Indeed, a lot of times there isn't even enough money to do what we need to do, but what we have to do is we have to do the best we can with what we have. Without a balanced budget amendment, it becomes the opposite of that--we keep spending.
People say to me: Well, Jim, you have been in public service all your adult life. Has anything in Washington, DC, surprised you? I said: Yes, but only one thing. The stuff that goes on here doesn't surprise me at all, except the cavalier attitude this city has and, indeed, this institution has for the value of money. It astounds me that in this institution they don't stop spending money when they hit the end of the budget or they don't stop spending money when they hit the end of the resources. They stop spending money when they run out of time. That seems to be the only sideboard on how much money is spent. If we look around--and people will criticize us on this--and say: You foolish Republicans, what are you talking about? A balanced budget amendment, that is dumb. You know what I say to them? Look at the States. Look around at the States. There are two, maybe three States that are having very difficult financial situations, and it is because they either don't have a balanced budget amendment or they have done some skulduggery to get around the balanced budget requirement they have. But every other State has its financial house in order. Has it been painful? Of course, it has been painful. It is painful to everyone when they don't have enough money, including American families, but that is simply the way it is.
One of the problems we are having is the basic foundation of the difference between Republicans and Democrats. People who say there is no difference between Republicans and Democrats ought to come and spend the day here. They would find that philosophically we are hardwired very differently. Similar to two brands of computers trying to talk to each other, we are hardwired differently.
Republicans believe this Nation was founded with the idea we would have a limited central government. It was founded by people who, indeed, feared a central government. By the way, their fear, as we now see every day, is very well founded. We believe in a limited government. We believe in individual responsibility. We believe in the responsibility of the States. It is hard to find people in this town who actually believe the States are sovereign, that it was the States that created the Federal Government and kept a leash on it and said you can only have the powers we are specifically putting into this Constitution. Now the courts over the years have expanded that dramatically, but nonetheless, the vision the Founding Fathers had, the American people had when they put together the country that created the most successful, the wealthiest, the culture that enjoyed the best quality of life anyone on the face of this planet has ever enjoyed before, the Founding Fathers said: Look, we are going to create a government for the individual, to give the individual the ability to prosper, to give the individual opportunity.
That is what they said. They didn't sit around the table and say: You know what we need is a nanny State. We need to create a government that is going to take care of every American from the time they are born until the time they die just as in Europe.
In Europe, the government pays for your birth. In Europe, the government pays for your funeral and, indeed, it pays for a whole lot of everything in between including every dime you spend after you retire. That is not what America was founded to do. They did not sit around and say: How can we take care of the whole society? They said: How can we defend this country? How can we make sure no enemies come into this country? How can we make sure people have the opportunity to succeed? Yes, some will fail. Yes, some will succeed. Yes, we are going to have poor people, and, yes, we are going to have rich people because that is what a free society is all about, but everybody is going to have the same opportunity. Everybody who is born into this country or becomes a naturalized citizen in this country is going to have the opportunity to succeed in a greater fashion than anyone on the face of this planet has ever succeeded before, and they are going to do it without government interference.
My goodness. How far we have come from those days and not in a good way. They couldn't conceive they needed a balanced budget amendment because the numbers we are talking about they never heard of. If a guy sitting around the table said: By the way, do you know the country is going to be over $1 trillion in debt someday, they would have said: What is $1 trillion? How many zeros is that? They couldn't even conceive of that, so they didn't put that in the Constitution. But this isn't difficult to do. It is how much comes in and how much comes out and they need to equalize each other.
I will be the first to admit our two parties don't understand each other. As I said, we are hardwired differently, and I have a lot of good friends on the other side of the aisle. We have good conversations. They don't understand how I can possibly think we could have a balanced budget, and I guess I don't understand how they think we can
spend ourselves into prosperity. We are, indeed, hardwired differently than each other.
I watched one of the leaders the other day come out onto the floor. He was carrying on about how bad the balanced budget amendment was. He said it would be an admission of the failure of this institution to be able to do its job. It would be abdicating our ability to do our job. Look around. We are $14.3 trillion in debt. Do you think the American people think we are doing our job, when we are at $14.3 trillion in debt and now debating adding another $2.4 trillion to that? If a person comes and spends a little bit of time here, they will understand this institution cannot budget and do so responsibly. Given the opportunity, it will spend and spend and spend and the only way this can be changed is if we have a balanced budget provision in the Constitution just as virtually every State in America has. We are going upside down at a rate of $4 billion to $5 billion a day. We are borrowing new money, $4 billion to $5 billion a day. That is about 12 hours of the entire annual budget for the State of Idaho. This can't go on. The way to fix it is with a balanced budget requirement that puts a new rule in place, and we need rules, we need sideboards when it comes to spending money.
I wish to thank the Senator for providing us with this opportunity. Those of us who have actually lived in the real world where we could not print money, we could not borrow the kind of money we are talking about here, where we had to make responsible decisions--it is time this government did that, and the only way it is going to do that, regardless of flowery speeches given during campaigns--oh, send me to Washington; I will take care of this; I will see we balance the budget; I won't overspend--they come here and do it. The only way this can be done is to balance the budget. Without a balanced budget amendment to the Constitution, we can't do this.
The American people have to do this. We can vote to ask the American people: Do you think we should have a balanced budget amendment to the U.S. Constitution? Let's find out. Let's find out. There can't be anything wrong with giving the American people the ability to do this. It takes three-fourths of the States to ratify this. Let's give them the opportunity. Let's have the debate. Let's pass this and give it to the States and see if they want to do it.
Thank you very much. I appreciate the opportunity.