MO HCR3

Petitions Congress to propose a constitutional amendment requiring the federal budget to be balanced each year.

Identifies national debt at over $16.3 trillion (approximately $52,100 per person) and notes it has increased an average of $3.86 billion per day since September 28, 2007.

Cites projected 2012 federal deficit of $1.1 trillion (7% of economic output) and notes federal interest expenses ($360 billion in 2012) exceed the Department of Homeland Security budget by six times.

Highlights concerns that foreign entities own approximately 33% of total federal debt and that credit rating agencies have downgraded the nation's AAA rating due to indebtedness.

Directs the Missouri House Chief Clerk to send copies of the resolution to the President, Congress leadership, and all Missouri Congressional delegation members.