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HI SR20
Resolution
AI Summary
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Requests that the United States Congress pass a constitutional amendment requiring a balanced federal budget.
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Cites the projected national debt of more than $14 trillion as of fiscal year 2011, equating to approximately $46,000 per individual American citizen and $184,000 per family of four.
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Argues that the federal deficit results partly from federal government programs duplicating state programs in violation of the Tenth Amendment, and notes that most states already have balanced budget requirements in their constitutions.
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Identifies Medicare, Medicaid, and Social Security as having unfunded future liabilities that will cause insolvency without budget discipline.
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Directs that 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 JDL, WAM.
3/3/2011