Applying to the Congress of the United States to call a convention to propose an amendment to the United States Constitution to require a balanced federal budget.
The adoption of HJR60 could lead to substantial changes in how federal financial policies are structured. If a balanced budget amendment were to be enacted, it would require the federal government to limit its spending to the amount of revenue it collects, which could reshape budgetary priorities and fiscal policies at the national level. This resolution also enables a sustained call for action until a sufficient number of states (two-thirds) join in, demonstrating a serious commitment among Texas lawmakers towards promoting fiscal responsibility and reducing government debt.
HJR60 is a joint resolution introduced in the Texas Legislature that calls for Congress to convene a convention aimed at proposing an amendment to the U.S. Constitution mandating a balanced federal budget. The resolution argues that the current Constitution does not impose any restrictions on the federal government's ability to incur budget deficits. By invoking Article V of the Constitution, this resolution seeks to mobilize state legislatures across the country to join Texas in this effort, potentially leading to significant constitutional changes concerning federal fiscal management.
General sentiment regarding HJR60 appears to skew towards fiscal conservatism, aligning with viewpoints that advocate for reduced government spending and strict budgetary constraints. Supporters of this resolution believe that a balanced budget amendment is essential to prevent future generations from bearing the burden of national debt. Conversely, critics may argue that such limitations could hinder the federal government's ability to respond effectively in times of economic downturn or national emergencies, where additional spending may be necessary.
The contention surrounding HJR60 primarily revolves around the implications of implementing a balanced budget requirement. Proponents argue that it would foster a culture of fiscal discipline among federal lawmakers, while opponents raise concerns about the rigidity it would impose during economic crises. The requirement to maintain a balanced budget could lead to cuts in essential services or hinder the government's ability to invest in key areas such as infrastructure, education, and healthcare, particularly during periods when increased spending might be warranted.