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MI SCR0026
Concurrent Resolution
AI Summary
- Urges Congress to adopt and submit to the states for ratification a constitutional amendment requiring a balanced federal budget
- Cites national debt of $14 trillion and an expected annual budget deficit of $1.3 trillion as evidence that current fiscal policies threaten economic stability
- Notes that 60 percent of federal spending goes to entitlements and argues that all areas of government spending require examination
- Asserts that balancing the budget is necessary for protecting opportunities for future generations and preventing economic damage worse than the pain of budget cuts
- Directs transmission of the resolution to the President of the U.S. Senate, Speaker of the U.S. House, and Michigan's congressional delegation
Legislative Description
A concurrent resolution to memorialize Congress to adopt and submit to the states for ratification an amendment to the United States Constitution to require a balanced budget.
Balanced Budget
Last Action
Placed On Order Of Resolutions
2/22/2012
Committee Referrals
Government Operations2/8/2012
Full Bill Text
No bill text available