Bill Summary – FastDemocracy

      
            88S40131 KSM-D
         
		By: Raymond
            H.C.R. No. 5
         
               CONCURRENT RESOLUTION
            
                   WHEREAS, Year after year, the federal government has failed 
         
            to make fiscally responsible choices, and Washington must now take 
         
            aggressive steps to address our serious national deficit; and
         
                   WHEREAS, The United States Congress routinely passes budgets 
         
            leading the government to spend more than it receives in revenue; in 
         
            order to finance the resulting budget deficit, the U.S. Treasury 
         
            must sell bonds and the government must pay interest on those bonds; 
         
            this cycle of deficit spending leaves less money for new programs or 
         
            tax cuts, and it could prove detrimental to the future stability of 
         
            our nation; and
         
                   WHEREAS, In the past, such statutory restraints as the failed 
         
            Gramm-Rudman-Hollings legislation and "PAYGO" rules have proven 
         
            ineffective and unenforceable, since simple majorities in Congress 
         
            can alter, weaken, or dismantle fiscal reforms; an amendment to the 
         
            U.S. Constitution, which requires the assent of two-thirds of 
         
            Congress and three-quarters of the states, is the only means of 
         
            guaranteeing permanent enforcement of spending restraints; and
         
                   WHEREAS, A federal balanced budget amendment will ensure that 
         
            Congress uses taxpayer dollars wisely, and it is vital that we take 
         
            this step to avert fiscal calamity and to eliminate future 
         
            deficits; now, therefore, be it
         
                   RESOLVED, That the 88th Legislature of the State of Texas, 
         
            4th Called Session, hereby respectfully urge the Congress of the 
         
            United States to propose and submit to the states for ratification 
         
            an amendment to the United States Constitution providing for a 
         
            balanced federal budget; and, be it further
         
                   RESOLVED, That the Texas secretary of state forward official 
         
            copies of this resolution to the president of the United States, to 
         
            the president of the Senate and the speaker of the House of 
         
            Representatives of the United States Congress, and to all the 
         
            members of the Texas delegation to Congress with the request that 
         
            this resolution be officially entered in the Congressional Record 
         
            as a memorial to the Congress of the United States of America.



	CONCURRENT RESOLUTION
	WHEREAS, Year after year, the federal government has failed
	to make fiscally responsible choices, and Washington must now take
	aggressive steps to address our serious national deficit; and
	WHEREAS, The United States Congress routinely passes budgets
	leading the government to spend more than it receives in revenue; in
	order to finance the resulting budget deficit, the U.S. Treasury
	must sell bonds and the government must pay interest on those bonds;
	this cycle of deficit spending leaves less money for new programs or
	tax cuts, and it could prove detrimental to the future stability of
	our nation; and
	WHEREAS, In the past, such statutory restraints as the failed
	Gramm-Rudman-Hollings legislation and "PAYGO" rules have proven
	ineffective and unenforceable, since simple majorities in Congress
	can alter, weaken, or dismantle fiscal reforms; an amendment to the
	U.S. Constitution, which requires the assent of two-thirds of
	Congress and three-quarters of the states, is the only means of
	guaranteeing permanent enforcement of spending restraints; and
	WHEREAS, A federal balanced budget amendment will ensure that
	Congress uses taxpayer dollars wisely, and it is vital that we take
	this step to avert fiscal calamity and to eliminate future
	deficits; now, therefore, be it
	RESOLVED, That the 88th Legislature of the State of Texas,
	4th Called Session, hereby respectfully urge the Congress of the
	United States to propose and submit to the states for ratification
	an amendment to the United States Constitution providing for a
	balanced federal budget; and, be it further
	RESOLVED, That the Texas secretary of state forward official
	copies of this resolution to the president of the United States, to
	the president of the Senate and the speaker of the House of
	Representatives of the United States Congress, and to all the
	members of the Texas delegation to Congress with the request that
	this resolution be officially entered in the Congressional Record
	as a memorial to the Congress of the United States of America.