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Stivers Introduces Bipartisan Balanced Budget Amendment, Testifies at House Judiciary Committee

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Washington, July 27, 2017 | comments
WASHINGTON, DC – As the national debt quickly approaches $20 trillion, two bipartisan Members of Congress are taking action. This week, Representative Steve Stivers (R-OH) testified before the House Judiciary Committee regarding the benefits of the Balanced Budget Amendment he recently introduced with Representative Henry Cuellar (D-TX). This bipartisan bill, House Joint Resolution 110, would require the federal government to balance its budget and spend no more than it receives.
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WASHINGTON, DC – As the national debt quickly approaches $20 trillion, two bipartisan Members of Congress are taking action.  This week, Representative Steve Stivers (R-OH) testified before the House Judiciary Committee regarding the benefits of the Balanced Budget Amendment he recently introduced with Representative Henry Cuellar (D-TX).  This bipartisan bill, House Joint Resolution 110, would require the federal government to balance its budget and spend no more than it receives.

“I am glad to be partnering with Congressman Cuellar to introduce this bill, because this is truly a bipartisan issue.  From keeping our nation from bankruptcy and ensuring fiscal solvency, to protecting programs that many members of our society depend on, both sides of the aisle will see the necessity of this resolution,” Stivers said.

The exception to the proposed resolution would be following a declaration of war or a national emergency, during which Congress could waive the balanced budget requirement; however, such a decision would require a majority vote in both Chambers of Congress, and any debt incurred must be repaid within 10 years, without exception.  This provision allows for flexibility in responding to emergency situations, while ensuring the federal government takes seriously its Constitutional authority to effectively and responsibly manage revenue and expenditures.

The proposed resolution represents one of two ways the United States Constitution can be amended, the second being a Constitutional Convention at the request of the states, as outlined in Article V.  The resolution requires a two-thirds majority of both the House and the Senate to approve it, and then must be ratified by 38 states in order to be adopted.  If accepted, the Balanced Budget Amendment (BBA) would take effect 10 years after ratification.

“Each U.S. citizen currently owns over $61,000 of the national debt.  We cannot place this burden on our children and grandchildren, and we owe it to them to get federal spending under control,” Stivers said.  “We are taking away economic opportunity from tomorrow’s generations and threatening our national security today by borrowing money from other countries, like China, and we must address the issue now.  Whether the first steps are taken by Congress or the states is not important – one way or another, action must be taken.”

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