Coalition Urges Budget Amendment
Congressional Republicans and Democrats have formed a bipartisan alliance seeking to prevent partisan division over Social Security from defeating the balanced budget amendment. Rep. Jim Kolbe (R-Ariz.) announced formation of the Public Pension Reform Caucus in the Republicans’ weekly radio broadcast. Kolbe and Rep. Charles W. Stenholm (D-Texas) will co-chair the group. Among reasons President Clinton has given for opposing the amendment is that it might force budget writers to cut Social Security retirement benefits in the future to meet the mandate.
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