Rep. Loudermilk Introduces Balanced Budget Amendment to Rein-in Reckless Spending

Statement

Rep. Barry Loudermilk (R-GA) today moved to require the federal government to live within its means by introducing a balanced budget amendment to the U.S. Constitution.

"Instead of steamrolling American families with heavy tax and regulatory burdens every year, the federal government must change its reckless ways, and stop the vicious cycle of spending that risks our nation's long-term fiscal stability and buries our next generation under an unsustainable mountain of debt.

"Many states, including Georgia, operate under a balanced budget, and do not spend more than they take in. This responsible approach to budgeting should be mandatory at the federal level as well, especially as our national debt continues to climb toward $20 trillion. That is why I, and other conservatives, have joined together in proposing a much-needed balanced budget amendment to the U.S. Constitution. This ten-year plan gives Congress the time it needs to get its financial house in order and come up with long-term solutions to tackling our out-of-control spending. The time to turn the page on Congress' reckless spending is now -- not later, when our grandchildren are handed the bill."

Source