The resolution urges the United States Congress to propose an amendment to the U.S. Constitution that would require a balanced federal budget. It highlights the ongoing issue of the federal government consistently spending more than it receives in revenue, leading to significant national deficits. The resolution argues that past attempts at fiscal restraint have been ineffective and that only a constitutional amendment, which requires a higher threshold for approval, can ensure lasting enforcement of spending limits.
The Texas Legislature expresses concern that continued deficit spending could jeopardize the nation's future stability and emphasizes the importance of using taxpayer dollars wisely. By calling for a balanced budget amendment, the resolution aims to prevent fiscal calamity and eliminate future deficits. It also instructs the Texas secretary of state to send copies of the resolution to key federal officials and members of Congress, requesting that it be entered into the Congressional Record.