Expressing support for a balanced budget.

This resolution opposes raising the debt ceiling without significant fiscal and spending reforms that would put the United States on a path to a balanced budget.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 818 Introduced in House (IH)]

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116th CONGRESS
  2d Session
H. RES. 818

               Expressing support for a balanced budget.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 30, 2020

  Mr. Budd (for himself, Mr. Meadows, Mr. Rouzer, Mr. Murphy of North 
 Carolina, Mr. Bishop of North Carolina, and Mr. Hudson) submitted the 
 following resolution; which was referred to the Committee on Ways and 
                                 Means

_______________________________________________________________________

                               RESOLUTION


 
               Expressing support for a balanced budget.

Whereas the Federal Government's fiscal trajectory is highly unsustainable and 
        risks triggering a United States financial crisis that could undermine 
        the prosperity of the American people;
Whereas the majority of the American people want to see Congress take action to 
        significantly reduce the Federal budget deficit;
Whereas the national debt now exceeds $23,000,000,000,000 dollars, equivalent to 
        approximately $70,000 for each citizen in America;
Whereas research shows that reducing Government spending rather than raising 
        taxes is the most effective way to reduce the deficit and has 
        historically been correlated with fiscal success around the world;
Whereas studies show that when the Federal Government cuts taxes on American 
        businesses and job creators, they are more likely to hire new workers 
        and make investments;
Whereas reducing Government spending and not increasing taxes directly improves 
        the economy by increasing the confidence that business owners and 
        investors have in the economy;
Whereas the Government can help businesses and the economy succeed by focusing 
        on supporting the private sector rather than imposing heavy taxes on 
        American businesses;
Whereas every increase in spending should be offset with a spending decrease; 
        and
Whereas defense spending is critical to the security of the United States and 
        cannot be forgoed for increases in nondefense discretionary spending: 
        Now, therefore, be it
    Resolved, That the debt ceiling should not be raised without 
significant fiscal and spending reforms that would put the United 
States on a path to balance the budget.
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