Balanced Budget Constitutional Amendment
Mr. BRIGHT. Mr. Speaker, last Tuesday I introduced a constitutional amendment bill to balance the Federal budget. I am proud that 36 of my colleagues have joined me in cosponsoring H.J. Res. 78, and I urge all Members of Congress who believe that government should live within a budget join me and my colleagues to pass this bill.
Balancing the budget is a simple concept that Alabama families follow every day. Without question, there are many steps that must be taken to improve our financial situation, but balancing the budget on a yearly basis is the only way to ensure that we don't repeat the mistakes of our past.
We know we can achieve this goal because we have done so in the past. From 1998 to 2001, our country achieved balanced budgets through adherence to PAYGO. Forty-nine States currently require an annual balanced budget. Passing a constitutional amendment is a long process but is absolutely necessary to ensure America remains strong for generations to come.
I urge the entire Congress to join me in this effort. I want to thank you for your support.