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Congress Must Pass Balanced Budget Amendment

Floor Speech

Date: Nov. 15, 2011
Location: Washington, DC
Issues: Constitution Government Budget and Spending

Mr. WILSON of South Carolina. Madam Speaker, on Friday, Congress will have the opportunity to vote on the balanced budget amendment. This legislation will limit Congress from spending more than it receives in revenues unless both the House and Senate agree with a three-fifths vote.

Under the current President, the national debt has increased at 34 percent and grown to almost $15 trillion. With the Federal Government borrowing 42 cents for every dollar it spends, it is past time to take action fulfilling the first bill, introduced by my predecessor, the late Chairman Floyd Spence, for a balanced budget amendment.

The passage of the balanced budget amendment will help grow the economy and create jobs. I hope both parties will come together and pass the balanced budget amendment, which will put America back to work and promote small business job creation.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.


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