Because federal spending is unsustainable, potentially ruining the country’s long-term fiscal stability and weakening our economy, the time has come to amend the U.S. Constitution to require a balanced federal budget.
In 1989, federal outlays totaled $1.1 trillion; in 2008, not even twenty years later, federal outlays nearly tripled to $2.97 trillion. Just this month (January 2010), the Congressional Budget Office (CBO) projected "that if current laws and policies remained unchanged, the federal budget would show a deficit of $1.3 trillion for fiscal year 2010." The CBO also projected that the "budget picture remains daunting beyond this year, with deficits averaging about $600 billion annually from 2011 through 2020."
As of January 20, 2010, the United States national debt stands in excess of $12.3 trillion, which is rapidly approaching the newly-raised debt limit of $12.39 trillion. Now, less than one month after the last increase in the debt limit, the United States Senate is currently considering another increase to $14.29 trillion.
President Barack Obama, Senate Majority Leader Harry Reid, and Speaker of the House Nancy Pelosi will continue with their out of control spending until the Constitution clearly and directly mandates a balanced budget.
This unprecedented spending has serious consequences. At some point, a future generation of Americans will be forced to pay the bill for Congress’ reckless spending today. When that time comes, what will tax rates be? How much liberty will we have lost?
It is time to renew the call for a federal balanced budget amendment, and we the undersigned support our conservative state leaders who are fighting for a balanced budget amendment to the U.S. Constitution. We will not stand idly by as the Administration and Congressional majority bankrupt America in the reckless pursuit of a radical agenda.
Please join the members of the Texas Conservative Coalition in their support for a balanced budget amendment to the United States Constitution.
Read the Texas Conservative Coalition letter to Governor Rick Perry.
Updates
Reached 500 supporters
February 17, 2010
February 16, 2010
We are approaching the 500 signature mark. Help us break through this milestone today.
February 1, 2010
The numbers from the CBO keep getting worse. I am working on a memo to send directly to key committee heads.
Reached 100 supporters
January 27, 2010
January 27, 2010
Hitting 100 signatures is the next big goal. Send the link to someone today so we can reach that mark.
6 Comments
CUT THE SPENDING. It is getting absolutely ridiculous how much they take and how much they waste.
common sense for once!! stop spending what we dont have.
About time! Washington needs to manage money just like the rest of us have to do at home.
Finally. My kids are going to be paying for all this debt their whole lives. Time to stop the madness.
Too much debt!! ruin the country if they keep it up.
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Because federal spending is unsustainable, potentially ruining the country’s long-term fiscal stability and weakening our economy, the time has come to amend the U.S. Constitution to require a balanced federal budget.
In 1989, federal outlays totaled $1.1 trillion; in 2008, not even twenty years later, federal outlays nearly tripled to $2.97 trillion. Just this month (January 2010), the Congressional Budget Office (CBO) projected "that if current laws and policies remained unchanged, the federal budget would show a deficit of $1.3 trillion for fiscal year 2010." The CBO also projected that the "budget picture remains daunting beyond this year, with deficits averaging about $600 billion annually from 2011 through 2020."
As of January 20, 2010, the United States national debt stands in excess of $12.3 trillion, which is rapidly approaching the newly-raised debt limit of $12.39 trillion. Now, less than one month after the last increase in the debt limit, the United States Senate is currently considering another increase to $14.29 trillion.
President Barack Obama, Senate Majority Leader Harry Reid, and Speaker of the House Nancy Pelosi will continue with their out of control spending until the Constitution clearly and directly mandates a balanced budget.
This unprecedented spending has serious consequences. At some point, a future generation of Americans will be forced to pay the bill for Congress’ reckless spending today. When that time comes, what will tax rates be? How much liberty will we have lost?
It is time to renew the call for a federal balanced budget amendment, and we the undersigned support our conservative state leaders who are fighting for a balanced budget amendment to the U.S. Constitution. We will not stand idly by as the Administration and Congressional majority bankrupt America in the reckless pursuit of a radical agenda.
Please join the members of the Texas Conservative Coalition in their support for a balanced budget amendment to the United States Constitution.
Read the Texas Conservative Coalition letter to Governor Rick Perry.
Updates
Reached 500 supporters
February 17, 2010
February 16, 2010
We are approaching the 500 signature mark. Help us break through this milestone today.
February 1, 2010
The numbers from the CBO keep getting worse. I am working on a memo to send directly to key committee heads.
Reached 100 supporters
January 27, 2010
January 27, 2010
Hitting 100 signatures is the next big goal. Send the link to someone today so we can reach that mark.
6 Comments
This would force them to actually be responsible. Should have been done years ago.
CUT THE SPENDING. It is getting absolutely ridiculous how much they take and how much they waste.
common sense for once!! stop spending what we dont have.
About time! Washington needs to manage money just like the rest of us have to do at home.
Finally. My kids are going to be paying for all this debt their whole lives. Time to stop the madness.
Too much debt!! ruin the country if they keep it up.
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This would force them to actually be responsible. Should have been done years ago.