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Balancing the Budget



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Balancing the Budget

“I wish it were possible to obtain a single amendment to our Constitution.
I would be willing to depend on that alone for the reduction of the administration of our government;
I mean an additional article taking from the Federal Government the power of borrowing.”

– Thomas Jefferson letter to Virginia Senator John Taylor, 1789


“Only a constitutional amendment will do the job. We’ve tried the carrot, and it failed.
With the stick of a Balanced Budget Amendment, we can stop government squandering,
overtaxing ways, and save our economy.”
– Ronald Reagan, 1982

 

Since President Obama took office the national debt has increased by more than $3.7 trillion. To put that in perspective, it took the U.S. 216 years, from 1776 until 1992, to accumulate the same amount of debt that Obama has borrowed in 2.5 years.

It's higher than any time in American history, equaling more than 95% of our entire economy. We are currently borrowing roughly 40 cents of every dollar we spend and sending the bill to our children and grandchildren.

That’s why Rick Berg has been fighting hard for  a Balanced Budget Amendment, which will finally receive a vote within the month.  In order to change Washington, we need to first change the way Washington does business and Rick believes this is the only mechanism that would halt President Obama’s out-of-control spending and force Washington not to spend more than it takes in.

To learn more about a Balanced Budget Amendment, please check out the resources below.