Speeches and Floor Statements
'We continue to print money and continue to go deeper and deeper into debt'
Washington,
April 12, 2018
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. |