Sending Office: Honorable John Ratcliffe
Become an Original Cosponsor of the Toughest Balanced Budget Amendment in Congress
Current Originals: Brian Babin, Ron Wright
For far too long, Congress has kicked the can of fiscal sustainability down the road for the next generation to deal with. Today, the U.S. Treasury confirmed that the gross U.S. national debt topped $22 trillion for the first time in history. Meanwhile,
OMB recently announced that the White House will once again miss their statutory deadline for submitting a budget proposal to Congress no later than the first Monday in February. The time is now for us to act, and it starts with putting the federal government
on a balanced budget. That is why I encourage you to support my Balanced Budget Amendment to the U.S. Constitution.
My amendment will amend the Constitution to:
- Prohibit total outlays from exceeding total receipts for any fiscal year;
- Limit outlays each fiscal year to no more than 18% of GDP;
- Prohibit new taxes or tax increases unless two-thirds of both bodies of Congress agree;
- Require approval by three-fourths of both bodies of Congress to increase or suspend the debt limit;
- Withhold pay from the President if he or she fails to approve and transmit to Congress a budget for that fiscal year in which total outlays do not exceed total receipts; and
- Withhold pay from members of Congress if they fail to consider and approve a budget
Making meaningful changes in Washington doesn’t happen often and is hard. Too often, Members of Congress and the President don’t want to make the tough decisions that we were elected to make. My amendment will finally put politicians’ feet to the fire. If
the President fails to submit a balanced budget or Congress fails to adopt a balanced budget, my bill will cause both the President and Members of Congress to lose their pay.
It is time to get serious about the fiscal challenges facing our nation. If we expect the American people to balance their budgets, the people’s representatives should be able to do the same thing. If you are interested in cosponsoring this legislation,
please contact Robert Peters (Robert.firstname.lastname@example.org) in my office.
Member of Congress
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