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GA SR766
Resolution
Status
Engrossed
3/7/2012
Primary Sponsor
Barry Loudermilk
Click for details
AI Summary
- Urges the U.S. Congress to propose and submit to the states for ratification a balanced budget amendment to the U.S. Constitution, requiring that total federal appropriations not exceed total estimated federal revenue in any fiscal year, with an exception only for congressionally declared wars or other national emergencies
- Notes that federal debt exceeded $16 trillion at the time of the resolution, amounting to over $45,000 per person, and that the 2010 budget deficit alone surpassed $1.3 trillion
- References a prior 1995 balanced budget amendment attempt that failed by only one vote in the U.S. Senate
- Calls on Congress to immediately begin adopting balanced budgets starting with the current fiscal year, in addition to pursuing the constitutional amendment
- Directs the Secretary of the Georgia Senate to transmit the resolution to the President, the Speaker of the U.S. House, the President of the U.S. Senate, and all members of the Georgia congressional delegation for entry into the Congressional Record
Legislative Description
U.S. Congress; urged to adopt/submit to states a balanced budget amendment to U.S. Constitution and balance current budget
Last Action
House Second Readers
3/13/2012
Committee Referrals
Governmental Affairs3/12/2012
Government Oversight2/1/2012
Full Bill Text
No bill text available