We Need A Constitutional Balanced Budget Amendment Now

Floor Speech

Mr. BUCHANAN. Mr. Speaker, this weekend I had an opportunity in my community, Sarasota, Florida, to talk to a couple hundred people, working families and small businesses. They've had to cut their expenses 20, 30 percent, but yet Congress is incapable of cutting its own expenses.

First 206 years, the history of our country, we accumulated a trillion dollars. The last 9 months we accumulated a trillion dollars. Last year was a trillion and a half dollar deficit. You would think after last year we would cut the expenses, no. But this year, another trillion and a half dollar deficit. Next year they're projecting another trillion and a half dollar deficit.

You can talk about Greece. We're the next Greece. We have to have a constitutional balanced budget amendment. It's a bill I introduced my first year here. It just says simply you can't spend more than you take in. We need a constitutional balanced budget amendment now.

Source