Mr. MARCHANT. Mr. Speaker, in the last few weeks as I traveled across my district, the 24th District of Texas, it became very obvious to me that the number one issue on the minds of my constituents is out-of-control Federal spending.
In the last legislative session in Texas, my former colleagues in the Texas legislature passed a resolution addressing this out-of-control Federal spending. The resolution requested that the Congress pass a balanced budget amendment to the Constitution and send it to the States for ratification.
This is the resolution I have in my hand that was sent to me by the State representatives and the senators in my district that I represent. By overwhelming votes in both houses, the house and the senate, the Texas legislature passed this resolution that I'm holding right here in my hand. The Texas House of Representatives approved this bill by a vote of 115-17 on April 13, and the Senate adopted the bill on May 19 by a vote of 28-3.
This resolution calls on Congress to enact the best measure to stop runaway Federal spending. We can best ensure our future prosperity by passing a balanced budget amendment. I would like to personally thank the members of the Texas legislature that represent parts of my district, the 24th District of Texas. I applaud them for sending this resolution urging us to take action. My sincere thanks go to State Senator Jane Nelson, State Senator Chris Harris and State Senator John Carona, and to State representatives Vicki Truitt, Burt Solomons, Linda Harper-Brown, and Todd Smith. These brave men and women have taken a courageous stand on this issue, and I feel it's my obligation to follow through with their request.
The Federal Government must end sustained deficit spending. In fiscal year 2010, the Federal Government accumulated a deficit in excess of $1.3 trillion, an annual deficit that exceeds the entire gross State product of Texas. In order to finance our current deficit, we borrow 40 cents of every dollar we spend--40 cents on the dollar--money that could easily go to pay our national debt down.
The longer we wait only results in more debt, debt that we will pass along to our children and to our grandchildren. Our national debt currently stands at $14.7 trillion, which equals a debt per taxpayer of $131,288. This is a problem we can no longer ignore.
I urge my colleagues to join me in supporting the Texas legislature's request for prompt passage of a balanced budget amendment.
The State of Texas House of Representatives
House Concurrent Resolution No. 18
Whereas, the gravity of federal debt and federal obligations was established early in American history, with deficit occurring only in relation to extraordinary circumstances, such as war; yet for much of the 20th century and into the 21st, the United States has operated on a budget deficit, including the 2010 budget year, which surpassed an astounding $1.3 trillion, an annual deficit that exceeded the entire gross state product of Texas; and
Whereas, the federal debt is greater than $14 trillion, a sum that if shared equally by each person in America would be a burden of over $45,000 per person, and yet the federal government continues to accrue debt; and
Whereas, the higher the deficit, the more the government must spend on paying interest on the debt; compounding the problem is the use of deficit spending, which becomes a responsibility for future generations of Americans to assume without their consent; and
Whereas, Congress has attempted to set budgetary restraints for itself in the form of a balanced budget amendment; the proposal won wide support in 1995, failing by only one vote in the senate; and
Whereas, many states have previously requested that Congress propose a constitutional amendment requiring a balanced budget, but Congress has proven to be unresponsive; and
Whereas, this growing burden of public debt is a threat to the nation's economic health, and action must be taken to restore fiscal responsibility; a balanced budget amendment would require the government not to spend more than it receives in revenues and compel lawmakers to carefully consider choices about spending and taxes; by encouraging spending control and discouraging deficit spending, a balanced budget amendment will help put the nation on the path to lasting prosperity; Now, therefore, be it
Resolved, That the 82nd Legislature of the State of Texas hereby respectfully urge the Congress of the United States to propose and submit to the states for ratification an amendment to the United States Constitution providing that except during a war declared by the Congress of the United States pursuant to Article I, Section 8, Clause 11, United States Constitution, or other national emergency, the total of all federal appropriations for a fiscal year may not exceed the total of all estimated federal revenue for that fiscal year and providing for a spending limitation; and, be it further
Resolved, That the Texas Secretary of State forward official copies of this resolution to the president of the United States, to the speaker of the house of representatives and the president of the senate of the United States Congress, and to all the members of the Texas delegation to the congress with the request that this resolution be officially entered in the Congressional Record as a memorial to the Congress of the United States of America.