Thursday, March 11, 2010

Congressman Boyd seeks constitutional amendment to require balanced federal budget

Congressman Allen Boyd has introduced legislation that he hopes will force the federal government to balance the budget.

Congressman Boyd’s legislation would amend the United States Constitution to require the President to submit and Congress to approve balanced budgets for the country. Congressman Boyd said he has supported enacting a balanced budget amendment throughout his years of public service.

The proposal is part of a 15 point plan that Blue Dog Democrats are pushing called the Blueprint for Responsible Fiscal Reform designed to reduce the US deficits, pay down the national debt, and balance the nation’s checkbook.

Last month, two key components of this plan came to fruition. In February, Congress passed and President Obama signed pay-as-you-go (PAYGO) legislation back into law. The President also established a bipartisan fiscal commission to recommend ways to balance the budget and reduce the deficit that has been growing since 2002.

Congressman Boyd said “It is imperative that we get our fiscal house in order so that we can effectively confront the other critical challenges facing our country. Taken together, these accomplishments will help build a stronger economic future for our country and secure a more prosperous future for our children and grandchildren.”


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