Balance the Budget

  • 16 January 2015
  • NormanL
Balance the Budget

virginia">Virginia Rep. Bob Goodlatte wasted no time in introducing two constitutional amendments that would require the federal government to balance its books:

H.J. Res. 1 is a four-part balanced budget amendment. It contains a requirement for a balanced annual federal budget, places a spending cap on annual federal spending, imposes a three-fifths supermajority vote requirement to increase the debt limit, and a three-fifths supermajority requirement to raise taxes. The same resolution was introduced last congress">Congress and gained 91 cosponsors.

H.J. Res. 2 is identical to the balanced budget amendment considered in the House of Representatives in the 112th Congress, which received 261 bipartisan votes when it came to the House floor. This resolution requires that Congress not spend more than it receives in revenues. It also requires a true majority of each chamber to pass tax increases and a three-fifths majority to raise the debt limit. Last Congress, 142 cosponsors signed onto the resolution.

We need to push these measures over the top. With republicans">Republicans enjoying their largest House majority in decades, there is no reason these proposed Amendments should not be able to garner the 270 votes needed for approval.

Time to start calling your congressmen, folks...