WASHINGTON, D.C. – Today, Representative Steve Stivers (R-OH) voted in support H.J.Res. 2, Proposing a balanced budget amendment to the Constitution of the United States.
“Every citizen in this country, including our children, is responsible for over $64,000 of our national debt – and that number is only growing,” Stivers said. “We are stealing from the next generation, and that is not acceptable.”
The bill, sponsored by Chairman Bob Goodlatte (R-VA), prohibits total expenditures for a fiscal year from exceeding total revenue for that fiscal year unless Congress authorizes the excess by a three-fifths vote in each chamber. Additionally, the bill requires a majority vote to increase the public debt limit and requires the President to submit a balanced budget to Congress each year.
“In every Congress I have had the privilege to serve in, I have introduced Balanced Budget Amendment legislation to combat the dysfunction that surrounds our budgetary process,” Stivers continued. “While the bill did not pass, the bipartisan support it received highlights the necessity of this amendment. Both sides of the aisle share a goal in balancing fiscal solvency with protecting programs that many members of our society depend on.”
As outlined in Article V of the United States Constitution, to pass the House, the measure would have needed to receive a super-majority of votes, or 290 yeas. It would then be sent to the Senate, where it must also receive a two-thirds majority vote. It then must be ratified by 38 states in order to be adopted. To date, 28 states have expressed support for a balanced budget amendment; those states have submitted an application to call for a Constitutional Convention on the matter. A Constitutional Convention represents the second method for amending the Constitution, again, as outlined in Article V.