Vice President of the U.S., 1989-1993; Former Republican Senator (IN)
Proposed Balanced Budget Amendment
Sen. Quayle co-sponsored S.J.RES.11 (Introduced by Sen. Strom Thurmond with 31 co-sponsors): A joint resolution proposing an amendment to the Constitution relating to Federal balanced budget.
Prohibit Federal outlays from exceeding Federal
receipts, except with a 3/5 vote of both Houses of Congress.
Prohibits any bill to increase revenue unless approved by a roll call vote.
Authorizes the Congress to waive this article for any year in which a declaration of war is in effect.
Source: Bill sponsorship archives from the Library of Congress
, Jan 6, 1987
Congress, not Fed, should manage economy
The entire Political Establishment sits back while Alan Greenspan lectures the nation on the need to not only subdue economic growth, but also to rein in the stock market. There is nothing that empowers the Fed to both manage our national economy and
regulate the values of equities. This is not just a question of a quarter point on the federal funds rate. We are talking about the Fed assuming powers placed by the Constitution in the hands of the people and their elected representatives.
Source: Press Release on Greenspan’s Jackson Hole remarks
, Aug 23, 1999
Greenspan should lower interest rates, and should retire
There is no sign of inflation, yet Mr. Greenspan threatens even higher interest rates later this year, where instead he should be ending the commodity deflation he has induced. As much as I appreciate the job he has done in keeping inflation under
control, I believe he has in the last few years strayed further & further from his authority. [He] demonstrates the need for term limits for Fed chairmen. Mr. Greenspan [should not] be deified with a 4th term. He should consider taking early retirement.
Source: Press Release on Greenspan’s Jackson Hole remarks
, Aug 23, 1999
Click here for definitions & background information on Budget & Economy.
