Texas Senate Bill SCR12

Texas 2015 - 84th Regular

Caption

Urging Congress to propose an amendment to the U.S. Constitution to provide for a balanced federal budget except during a time of national emergency.

Impact

If adopted, this resolution could lead to significant changes in federal budgeting practices. By requiring that federal appropriations do not exceed revenue, unless in times of national emergency, the resolution aims to prevent excessive government borrowing and its accompanying burdens, such as increased interest payments and national debt. For states, this could translate into more predictable financial environments, as they may face fewer federal unfunded mandates, allowing for better state budget planning and fiscal health.

Summary

SCR12 is a concurrent resolution from the Texas Legislature urging the U.S. Congress to propose a constitutional amendment that would mandate a balanced federal budget. This resolution addresses the continued deficit spending by the federal government, emphasizing its negative implications on future economic stability and the ability of state and local governments to manage their own budgets effectively. The proponents of this resolution argue that a balanced budget requirement would compel Congress to utilize taxpayer dollars more wisely, which they believe is critical to averting fiscal crises and ensuring sustainable economic growth.

Contention

Notably, there may be contention surrounding this proposed amendment. Critics could argue that such a federal mandate may limit the government's ability to respond flexibly to unforeseen emergencies or economic downturns. Furthermore, opponents may express concerns about how a balanced budget requirement could impact federal support for social programs and state initiatives, especially in times of crisis, where increased spending is often necessary. Therefore, while SCR12 seeks to promote fiscal accountability, the practical implications of such a constitutional change could lead to significant debates.