84R7794 RMA-D
By: Burton S.C.R. No. 12
CONCURRENT RESOLUTION
WHEREAS, Year after year, the federal government has failed
to make fiscally responsible choices, and Washington must now take
aggressive steps to address our national deficit; and
WHEREAS, The United States Congress routinely passes budgets
leading the government to spend more than it receives in revenue; in
order to finance the resulting budget deficit, the U.S. Treasury
must sell bonds and the government must pay interest on those bonds;
this cycle of deficit spending leaves less money for new programs or
tax cuts, and it could prove detrimental to the future stability of
our country; and
WHEREAS, United States indebtedness to governments of
foreign nations continues to rise; costly federal programs that are
essentially unfunded or underfunded mandates to states threaten the
ability of state and local governments to continue to balance their
budgets; moreover, future generations of Americans inevitably face
increased taxation and a weakened economy as a direct result of the
bloated debt; and
WHEREAS, A federal balanced budget amendment will ensure that
Congress uses taxpayer dollars wisely, and it is vital that we take
this step to avert fiscal calamity and eliminate future deficits;
now, therefore, be it
RESOLVED, That the 84th Legislature of the State of Texas
hereby respectfully urge the Congress of the United States to
propose and submit to the states for ratification an amendment to
the United States Constitution requiring that, except during a time
of national emergency, the total of all federal appropriations made
by Congress for any fiscal year not exceed the total of all
estimated federal revenue for that fiscal year, together with any
related and appropriate fiscal restraints; and, be it further
RESOLVED, That the Texas secretary of state forward official
copies of this resolution to the president of the United States, to
the president of the Senate and speaker of the House of
Representatives of the United States Congress, and to all the
members of the Texas delegation to Congress with the request that
this resolution be entered in the Congressional Record as a
memorial to the Congress of the United States of America.