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HI SR97
Resolution
Status
Introduced
3/10/2010
Primary Sponsor
Fred Hemmings
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AI Summary
- Requests the United States Congress to pass a constitutional amendment requiring a balanced federal budget
- Notes that the projected U.S. national debt at the close of fiscal year 2011 will exceed $14 trillion, with each American citizen bearing approximately $46,000 in debt and a family of four bearing approximately $184,000
- Expresses concern that unfunded liabilities in federal entitlements such as Medicare, Medicaid, and Social Security will cause them to become insolvent
- Urges Congress and the President to support passage of a balanced budget constitutional amendment and to prioritize spending, cut inefficient programs, and return responsibilities to the states
- Directs certified copies of the resolution be transmitted to the President of the United States and all members of Congress
Legislative Description
Balanced United States Budget
Last Action
(S) Referred to TIA.
3/15/2010
Committee Referrals
Transportation and International Affairs3/15/2010
Full Bill Text
No bill text available