Congressman Lee Terry today voted in favor of H.J.Res 2, a Balanced Budget Amendment introduced by Rep. Goodlatte (R-VA). The resolution was supported by a majority of House members, with a final vote count of 261 to 165. However, H.J.Res 2 was rejected by the House, because it did not gain the two-thirds majority needed to amend the Constitution.
Terry has long championed adopting a balanced budget amendment --amending the U.S. Constitution to prohibit the Federal Government from disbursing more funds than it receives in tax revenues. Terry has introduced his own balanced budget amendments in both the 111th and 112th Congresses and is a member of the House Balanced Budget Amendment Caucus.
Terry spoke on the floor of the House of Representatives earlier in the week, in support of a balanced budget amendment:
"Before us this week is probably one of the most important votes that congress will take this year -- that is to pass an Amendment to our Constitution, forcing the Federal Government to end deficit spending, balance the budget, and get our country out of debt.
"The Balanced Budget Amendment is a simple concept. We cannot spend more than our revenues. That's what most state constitutions have. That's what the Nebraska State Constitution has. It's what the U.S. Constitution needs. On something as simple as saying that the Federal Government can't spend more than it brings in -- I ask for all my colleagues' support," Terry said.