A balanced budget is a way forward in improving on everything from Economic policy, planning, and reform, job creation, tax reform policy, entitlement reform the list goes on. A balanced budget amendment to the Constitution is a must. A balanced budget would require the Federal Government to live within its means.
A balanced budget amendment would not prohibit the Federal Government from borrowing in times of emergency but it would eliminate the need to raise the debt ceiling whenever the government needs more money to operate with. A balanced budget amendment would provide for a stable platform in which the government would have limits on spending based on a budget.
A balanced budget would eliminate the soaring deficits and would require that the National debt be paid down. These two things cost this country billions every year just in interest. A balanced budget would increase our potential leverage with crucial trading partners around the world.
Having a balanced budget would provide for true accounting practices like any other business or family is required to do in their financial planning process. A balanced budget would eliminate most fraud and would eliminate the current baseline budgeting practice which allows the Government to spend our money year after year recklessly on an annual basis.
All but one of the 50 states in the U.S. has some form of a balanced budget amendment in their state Constitutions or state statutes. If the states have adopted this or operate under a balanced budget then the Federal Government can too. In order to get federal funding, many states need to prove that their budgets are balanced. This is done for obvious reasons. If this is a requirement of the Federal Government, they should operate under their own rules.
As your Congressman, I would support a balance budget amendment to the Constitution and I would make sure that every constituent has an opportunity to make their voice heard in the process.