WASHINGTON, D.C. – Just days after the United States reached $15 trillion in national debt, I cannot think of a time in our nation’s history when a balanced budget amendment was more necessary—and yet my colleagues on the other side of the aisle have chosen politics over the future prosperity of our country.
This was our chance to finally stop the deficit spending and force Washington, D.C., to live within its means and I am saddened the U.S. House missed this opportunity.
In 1995, a nearly identical version of this balanced budget amendment was under consideration and failed by only one vote in the U.S. Senate.
Today, more than 160 members of Congress voted against a balanced budget amendment that the American people overwhelmingly support.
I wonder then, what will it take for Congress to take this common sense step?
It is clear that our nation’s budgeting process is broken and in need of real reforms: under both Democrats and Republicans, we have deficit spent our way into a sea of red ink.
And for more than 900 days, the Senate has failed to pass a budget – any budget at all.
The state of Tennessee balances its budget, American families and businesses balance their budgets, and so should the federal government.
Today is not the end of the fight for fiscal responsibility, but merely another step toward responsible budgets.
As a member of the Budget Committee, I will continue to forward plans that not only cut spending and pay down our debt, but put America back on the path to prosperity and economic security.