U.S. Congressman Mike McIntyre has co-sponsored the Balanced Budget Amendment to the U.S. Constitution.
Congressman McIntyre stated, "Now more than ever, Congress should pass a Balanced Budget Amendment and stop spending money our nation does not have. Our mounting public debt is a clear threat to our economy, job growth, national security and the wellbeing of our future generations, and it must be addressed. I have long and consistently supported a Balanced Budget Amendment in order to ensure that our nation spends only what we take in and that we return to a path of sustainable budgeting."
The Balanced Budget Amendment would require that total federal spending for any fiscal year to be less than total money received, a 3/5th vote for any increase in the debt limit, and that the President's budget to Congress be balanced each year.