Monday, October 27, 2014

Sam Graves: The time for a balanced budget amendment is now

(From Sixth District Congressman Sam Graves)

In a 1982 speech, Ronald Reagan said, “We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.” That was more than three decades ago, and unfortunately, it’s still the case. In Washington, basic budgeting is all too often ignored in order to leave the tough decisions for future generations to solve. This is unacceptable.

A budget is a fiscal blueprint for the future. It is an outline of one’s priorities based on the resources available to them. Families all across America routinely sit down at the kitchen table, look at the money coming in, money that needs to be paid out, and then make the difficult decisions needed to balance their budget. There is no reason why Washington shouldn’t be expected to do the same.

That is why I support a constitutional amendment that would require the federal government to balance its budget. In this day and age of out-of-control government spending, we need a stronger mechanism to force fiscal accountability from our elected officials. With annual deficits between half a trillion and a trillion dollars, we must take action to rein in the growth in federal spending and pay down the debt. A constitutional amendment would do just that.

As the national debt nears $18 trillion dollars, it is far past time to address the out of control spending in Washington. I will continue to take the fight to big-government liberals in Washington so that we can reduce the national debt, and keep politician’s hands out of your pockets once and for all.

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