Congressman Rob Woodall (R-GA) issued the following statement on the failure of H.J.Res. 2, a bill proposing a Balanced Budget Amendment to the U.S. Constitution:
"As the final vote was cast this afternoon, applause broke out on the Democrat side of the House Floor. For a party whose president continues to trumpet "we can't wait' any longer to take action on fixing America's economic woes, one would think a "yes' vote on today's bill would have been an easy one. The national debt surpassed $15 trillion this week--making the amount of money we owe equal to the size of our national economy. Continuing down the path of borrowing and taxing Americans today and our future generations will only push our country toward the path of Italy and Greece."
"Today's version of the Balanced Budget Amendment is not as restrictive as I would have preferred. Instead, to ensure the best chance of passage, we brought the same version to the Floor today as passed in the House in 1995 with broad bipartisan support. I was proud to cast my vote in favor of this permanent solution to our nation's fiscal irresponsibility."
"The passage of this Balanced Budget Amendment would have marked a significant change in the Washington, D.C., landscape by requiring the government to do as Americans across this great land do every day--live within its means."