Today, Congressman Steve Rothman (D-NJ) released the following statement on his opposition to H.J.Res. 2, the Balanced-Budget Amendment to the Constitution:
Today, I voted against this Balanced-Budget Amendment to the Constitution because it is an unnecessary and draconian measure that would be very harmful to our nation's economy and cause deep cuts to Medicare, Social Security, and benefits for veterans.
What America needs is a common sense approach to our budget that reflects the values and views of the American people: spending cuts, closing tax loopholes, ending subsidies for big oil and big agriculture, and, where necessary, shared sacrifices to address our debt and deficit. Americans do not need another political gimmick. Congress already has the necessary tools to balance our budget through hard choices that address both spending and revenue. Previous Congresses have balanced the budget without this damaging and dangerous constitutional amendment -- and Congress can do it again.