May 4, 1977
Page 13576
Mr. MUSKIE. Mr. President, before Senators leave the Chamber, I think it might be well to see what the adding machine shows as of this moment. The Senate, by its votes, has added $7.2 billion of budget authority to the budget resolution pending before us. I thought Senators would like to know that before we continue.
I do not know what other amendments are coming, but it is a very interesting trend that I see developing. I think we already have shifted from Fahrenheit to Celsius, and the $60 billion deficit apparently is absolutely zero in the minds of many Senators. We build on that. We do not try to get below it.
That is a personal aside. It may be of interest to Senators.
At this point, I understand that the distinguished Senator from Delaware plans to get some time from the Senator from California.
Mr. McCLURE. Mr. President, will the Senator yield for one comment?
Mr. MUSKIE. I yield.
Mr. McCLURE. One other thing might be noted in regard to the size of the deficit.
For those who are Keynesian in their economics and who are talking about full employment, we are now substantially unbalanced even so far as the full employment budget is concerned, although we were running a substantially full employment budget deficit under the action we had taken already.