Fifteen years ago, the BBA passed the House with bipartisan support, only to lose by one vote
in the Senate. Since then, the debt has grown by $9.2 trillion. The BBA is a game-changer, and fighting for its ratification is the ultimate solution to our nationís fiscal crisis.
The time to act is now. Our debt crisis is a legitimate threat to our nationís future, and extraordinary problems call for extraordinary action. America cannot afford to wait any longer.More about the Amendment »
With such an amendment, Americans would be better shielded from excessive spending and excessive deficits which lead to excessive taxes and result in excessive unemployment.
Passing a balanced budget amendment would help inspire renewed confidence among our nationís job creators, many of whom are closing their doors and leaving the country for better business environments and taking job opportunities with them.
In order to restore certainty in our economy to bolster job growth and keep America competitive, we need to stop spending money we donít have. A balanced budget amendment would help ensure that, and save the American dream for future generations in the process.
By Majority Leader Cantor (VA) and Rep. Jordan (OH)
Our Constitution has endured the passage of time with remarkably few changes, being amended just 27 times in 223 years. Unfortunately, Americaís debt limit has not been nearly so stable.
By Majority Whip McCarthy (CA) and Chief Deputy Whip Roskam (IL)
Itís time for Washington to get serious about a balanced-budget amendment.
As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible.
— George Washington, Farewell Address, 1796