Mr. BROUN of Georgia. Mr. Speaker, 16 years ago, Congress failed to pass a balanced budget amendment to the Constitution by a single Senate vote. Back then, our national debt was about $5 trillion. Today, our debt stands at nearly $15 trillion, and our Democrat leadership is showing no signs of slowing down their outrageous spending.
Imagine what the state of the economy could look like if it weren't strapped down by that extra $10 trillion worth of debt. Imagine how much brighter the future of our children and grandchildren could be without the threat of having to repay the money that Washington has wasted. Imagine how mom-and-pop shops could be growing, hiring and expanding if looming tax increases weren't a factor in their business plans.
Enough is enough. Missing another opportunity to balance the budget is not a mistake that we can afford to make twice. That's why I authored my balanced budget amendment, so that we can stop the spending and start paying down our debt.
I urge all of my colleagues to become cosponsors of my amendment, which is the most conservative and effective approach to balancing the budget.