Press Releases
Gohmert Introduces Balanced Budget Amendment
Washington,
May 10, 2016
Rep. Louie Gohmert (TX-01) released the following statement today regarding the introduction of his Balanced Budget Amendment: “Over the last 15 years our national debt has skyrocketed to unsustainable levels. This spike in spending has put our economy at risk and, worse, saddled the next generation with an undeserved fiscal burden. In fact, according to the Congressional Budget Office, the federal budget deficit was $352 billion –a record high for the first seven months of this fiscal year.” “This amendment will require us to make the fiscal reforms we need before insolvency makes those decisions for us. This resolution takes a commonsense approach and will be a major step forward in regaining the trust of the American people.” "It is past time to get our fiscal house in order. It is apparent that America is on a road headed for ruin if we continue to spend more money than the federal government. Washington’s lethargic leaders need to stop this runaway train of spending and pass this Balanced Budget Amendment. It will truly serve as a step forward in getting our nation back on a path toward fiscal responsibility and health.” Rep. Louie Gohmert’s Balanced Budget Amendment will: · Require that total spending for any fiscal year not exceed total revenue for that year, and that total spending never exceed 18.5% of GDP; · Mandate that the debt ceiling and taxes can only be raised with three-fourths of both houses of Congress, instead of with simple majorities; · Require the President to submit a balanced budget, or else risk impeachment. Click here to read the text of Rep. Gohmert’s Balanced Budget Amendment Congressman Gohmert is the Chairman of the Natural Resources Subcommittee on Oversight and Investigations and the Vice Chair of the Judiciary Subcommittee on Crime, Terrorism and Homeland Security. Prior to being elected to serve in Congress, he was elected to three terms as State District Judge in Smith County, Texas and was appointed by then Texas Governor Rick Perry to complete a term as Chief Justice of the 12th Court of Appeals of Texas. # # # |