Requiring Congress to Balance the Budget

Requiring Congress to Balance the Budget was a good panel discussion.

Cong. Louis Gohmert hit a home run with the crowd at the 10th Amendment Town Hall.

33 states have petitioned the federal government for a balanced budget, said St Rep Linda Harper-Brown (Irving). And Fed Govt should meet only every 2 years!

St Rep Ken Paxton said the framers probably never realized we would be as irresponsible as we have been the last 75 years. TX called for a balanced budget amendment in the 1970’s, and TX has a state limit which has not worked well. In 1975, the TX budget was $10 billion – and was $30 billion in10 years – in 10 more years $70 billion and $140 Billion in We’d have an extra $35 billion if we had enacted a TABOR, and could eliminate local school property taxes. A nation can’t spend its way into prosperity.

Michael Quinn Sullivan – today is Constitution Day and we ratified our state constitution 134 years ago. Balanced budget amendments force prioritization. Force gov’t to only spend the dollars that are coming in.

Greg Coleman, Partner in Yetter Warden & Coleman L.L.P., we had become a nation of debtors. If you compare the national debt vs the amount we bring in on taxes, we owe 4-5 times what the gov’t brings in. We spend most of it on interest and entitlements.