Skip to Content

Speeches and Floor Statements

'We continue to print money and continue to go deeper and deeper into debt'

Rep. Barry Loudermilk (R-GA) House Floor speech on the balanced budget amendment (H.J.Res 2) sponsored by Rep. Bob Goodlatt (R-VA).

Summary of the balanced budget amendment (H.J.Res. 2):

• The federal government cannot spend more money than it takes in without a three fifths vote of each chamber of Congress.
• Requires a three-fifths vote of each chamber to increase the debt limit.
• Congress is authorized to waive these requirements when a declaration of war is in effect.