MO HCR47

Urges the United States Congress to enact a balanced budget amendment to the United States Constitution that would require Congress to balance projected revenues and expenditures, with exceptions for times of war

Cites concerns about federal spending including the 2008 Emergency Economic Stabilization Act ($700 billion), the 2009 American Recovery and Reinvestment Act ($787 billion), and proposed health care reform estimated at $800 billion over ten years

Notes the national debt exceeded $12 trillion at the time of passage, with an average debt increase of $3.84 billion per day since September 28, 2007, resulting in approximately $39,000 per citizen share

References H.J. Res. 1 of the 111th Congress proposing a balanced budget amendment that had 168 congressional co-sponsors but no major action taken since February 2009

Directs the Missouri House Chief Clerk to send copies of the resolution to the Majority and Minority Leaders of both chambers of Congress and all members of the Missouri Congressional delegation