Congressman Rudy Yakym has issued a statement after reintroducing a Balanced Budget Amendment.
Yakym stated that he is reintroducing the amendment as his first bill in the 119th Congress to show there is nothing more important over the next two years than getting the national debt under control.
Yakym says the debt is the greatest threat to economic prosperity and future generations, stating that it needs to be addressed before it’s too late.
The amendment caps the national debt at 130% of GDP, reducing it by 1% each year until the debt cannot exceed 120% of GDP.
The Amendment can be waived by a three-fifths vote of both houses of Congress or during times of war and military conflict.
Below is a statement from Yakym:
“I am reintroducing this Balanced Budget Constitutional Amendment as my first bill in this new Congress because there is no more important mission over these next two years than reining in runaway spending and getting our $36 trillion and growing national debt under control. Our unsustainable debt is the single greatest threat to our economic prosperity and the next generation’s ability to achieve the American Dream, and we need to address it before it’s too late.
“Under President Trump and unified Republican government, this Congress has a great opportunity to get our debt under control by getting our government to exercise the same kind of fiscal discipline that Hoosier families I represent back home in Indiana do every day.
“Restoring fiscal responsibility is one of the main reasons I ran for Congress in the first place, and I will never stop fighting for policies that deliver a brighter future for all our citizens.”
1 comment
Smoke and mirrors.
On the other hand, his left hand, he continues to vote to spend money we do not have.
He continues to vote to put our kids and grand kids into economic slavery to the all knowing and wise administrative state.
He has no clue about Article I, Section 8, of the US Constitution where the 18 Enumerated Powers are found. At least 80% of spending by our federal government falls OUTSIDE that list of powers. Wake up people and wake Rudy! He is a fraud.