Mr. MARCHANT. Mr. Speaker, today the House is scheduled to consider House Joint Resolution 2. This bill proposes a balanced budget amendment to the Constitution. I am a very proud cosponsor of this legislation.
Earlier this year, the Texas Legislature called on Congress to propose and submit to the States a balanced budget amendment. I am pleased that the House is taking the first step today to fulfill this request by Texas and other States. As a former city council member and mayor and State representative, I was always required to present a balanced budget.
We must act now before we further ruin the economic futures of our children and grandchildren. We cannot ignore our fiscal situation any longer. The Federal Government should balance its budget.
I strongly urge my colleagues to join me today in voting in favor of this resolution.