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MI SR0115
Resolution
Status
Introduced
2/8/2012
Primary Sponsor
Thomas Casperson
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AI Summary
- Memorializes 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 annual budget deficit expected to reach $1.3 trillion as threats to economic stability and future generations
- Notes that approximately 60 percent of federal spending goes to entitlements, requiring examination of government spending across all areas
- Compares federal government budget requirements to practices of businesses, families, and state and local governments, which must balance budgets
- Directs copies of the resolution be transmitted to the President of the U.S. Senate, Speaker of the House, and Michigan's congressional delegation
Legislative Description
A 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