Texas House Bill HCR18

Texas 2011 - 82nd Regular

• Introduced: 11/8/10
• Refer: 2/18/11
• Report Pass: 3/9/11
• Engrossed: 4/14/11
• Refer: 5/3/11
• Report Pass: 5/13/11
• Enrolled: 5/20/11
• Passed: 6/17/11

Caption

Urging Congress to propose and submit to the states an amendment to the United States Constitution providing for a federal balanced budget.

Impact

If passed, HCR18 could pave the way for significant changes in how federal budgetary policies are structured. The proposed amendment would require the federal government to carefully assess its spending and revenue generation to avoid operating with a deficit, except in emergencies or during wartime. This could lead to a greater emphasis on prudent financial management at the federal level, which proponents argue is essential for the economic stability of the nation. Additionally, it would reflect a shift in legislative priorities towards long-term fiscal responsibility.

Summary

HCR18 is a House Concurrent Resolution introduced in the Texas Legislature, urging Congress to propose an amendment to the United States Constitution that requires the federal government to maintain a balanced budget. The bill highlights the serious concern over escalating federal debt, which has surpassed $14 trillion, resulting in a significant burden on American taxpayers and future generations. By advocating for a balanced budget amendment, the resolution aims to ensure that federal appropriations do not exceed the estimated federal revenue for a fiscal year, thereby promoting responsible fiscal practices.

Contention

While HCR18 garners support for its goal of reducing national debt, there are concerns about the feasibility and implications of such an amendment. Critics argue that a balanced budget requirement could severely limit the federal government's ability to respond to economic crises and other urgent national needs, potentially hindering economic recovery or leading to cuts in essential services. The debate centers around the balance between fiscal discipline and the flexibility needed for effective governance, highlighting the tension between conservative financial management and necessary government intervention during challenging times.