Printer Friendly

AFL-CIO: A REALITY CHECK ON BALANCED BUDGET AMENDMENT

 AFL-CIO: A REALITY CHECK ON BALANCED BUDGET AMENDMENT
 WASHINGTON, May 12 /PRNewswire/ -- The following is a statement by AFL-CIO President Lane Kirkland on the WEFA Group study showing that the proposed balanced budget amendment would seriously damage the American economy:
 This study should serve notice to the president and Congress that they cannot duck their fiscal responsibilities with a Constitutional mandate for a balanced budget. These projections of drastic economic consequences should serve as a reality check on what is perceived by many as the politically expedient thing to do.
 As the numbers show, this amendment would gut the U.S. economy. State and local governments would be left holding bigger bills, with even fewer resources than they have under current austere conditions.
 Ultimately, working families would suffer the most, as millions of jobs would be lost and vital government services drastically reduced or eliminated.
 Congressional passage of a balanced budget amendment would amount to our leaders throwing up their hands in surrender at precisely the time when we need our leaders to roll up their sleeves and provide for a healthy economy in the years to come.
 -0- 5/12/92
 /CONTACT: Michael Byrne of the AFL-CIO, 202-637-5010/ CO: AFL-CIO ST: District of Columbia IN: SU:


DC -- DC034 -- 9233 05/12/92 15:02 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1992
Words:216
Previous Article:PEOPLE FOR THE AMERICAN WAY JOINS WITH TIME WARNER TO PROMOTE RACIAL HARMONY
Next Article:CYGNUS ANNOUNCES NEW SCIENTIFIC AFFAIRS VP FORMERLY WITH CHIRON, BEECHAM, SYNTEX IN SENIOR REGULATORY POSITIONS
Topics:


Related Articles
AFL-CIO URGES SANCTUARY FOR HAITIAN REFUGEES
AFL-CIO CONDEMNS PERUVIAN CRACKDOWN
AFL-CIO PRESIDENT LANE KIRKLAND ISSUES STATEMENT ON COMMITTEE'S VOTE TO ENDORSE CLINTON
VOLKMER BILL IS UNREALISTIC, SAYS OREGON LABOR LEADER KOPETSKI AMENDMENT A 'SHELL GAME.'
AFL-CIO'S KIRKLAND ISSUES STATEMENT ON PACKWOOD AMENDMENT
CLINTON ECONOMIC PLAN GETS MTD SUPPORT
Labor leaders foresee better days for unions, workers.
Rush to compromise: labor hits the canvas for Clinton.
'SWEENEY TAX' WILL HURT SMALL BUSINESS AND JOB CREATION SAYS SMALL BUSINESS GROUP
School of the Americas foes score with Congress, union.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters