FL H1249

Petitions Congress to propose a constitutional amendment capping federal spending at 20 percent of gross domestic product (GDP)

Cites current national debt exceeding $15 trillion, equivalent to approximately $50,000 per person in the United States, and projects continued growth without spending constraints

Argues the nation has a spending problem rather than a revenue problem, and that federal spending reduces capital available for private business job creation and economic growth

Directs copies of the memorial be sent to the President, President of the Senate, Speaker of the House, and all members of the Florida congressional delegation