FL S1142

Urges Congress to propose a constitutional amendment requiring the federal budget to be balanced each year

Cites national debt exceeding $15.2 trillion as of December 30, 2011, equating to more than $48,500 per person in the United States

Notes the 2011 federal budget deficit reached $1.3 trillion, representing nearly 10 percent of the country's gross domestic product

Highlights that federal interest expenses on debt ($414 billion in fiscal year 2010) exceed the Department of Homeland Security budget by approximately 8 times

Requires copies of the memorial be sent to the President, congressional leadership, and all members of Florida's congressional delegation