Today Rep. Ralph Hall (TX-04) voted with a House majority to pass H.R. 444, The Require a PLAN Act, a bill that would require the President to submit a supplemental balanced budget by April 1st if his initial budget request for fiscal year 2014 does not balance within 10 years. The Require a PLAN Act would also require the President to identify when and how his proposed balanced budget is reached. H.R. 444, which Hall co-sponsored, passed, 253-167.
"Each year the President is required by law to present, by the first Monday in February, a budget for the upcoming fiscal year," said Hall. "On Monday, for the fourth time in five years, the President failed to meet this responsibility. That is why, as a co-sponsor of The Require a PLAN Act, I am pleased the House passed this important bill to hold the President accountable for how he plans to balance the budget, if ever."
Hall continued, "The President and Washington Democrats continue to believe, year after year, that increased spending and higher taxes will revive our economy, but this view has clearly been proven false. Currently, the government spends $1 trillion more than it takes in each year, yet the American people and our economy continue to struggle. In fact, we are losing ground. The effects of government overspending is evident in the recently released numbers: our economy shrank in the 4th quarter of 2012; the unemployment rate rose 0.1% in December 2012 to 7.9%; consumer confidence continued to drop to 58.6% - the lowest level since November 2011; and labor force participation, at 63.6%, is the lowest it's been since President Jimmy Carter left office."
"While the President continues to fail to present a timely budget and the Democrat-controlled Senate has refused to pass a budget in four years, House Republicans are doing everything we can to get Senate Democrats and the White House to join us in addressing much-needed spending cuts by once again making actual hard choices and not just talking about it."
"We must begin to rein in government spending and address the national debt, and balancing the budget is a vital step in that process. A balanced budget is important to seniors who rely on the promise this government has made, it is important to Americans who are struggling under a weak economy, and it is important to our children whose future is dependent on the decisions we make today. I hope that the Senate and White House join Republicans in this effort."