e-Update: Balanced Budget Amendment


2013-02-13 17:14:11
<iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=http%3a%2f%2fw ww.johanns.senate.gov%2fpublic%2findex.cfm> Senator Johanns e-Update February 13, 2013 Today I introduced legislation with my Republican colleagues in support of a Constitutional amendment that would require a balanced federal budget. The amendment would require both Congress and the President to commit to a budget limiting federal expenditures to 18 percent of U.S. Gross Domestic Product (GDP), and would require supermajorities in both houses of Congress to raise taxes or increase the debt limit. Forty-nine states, including Nebraska, already require a balanced budget each year, and Nebraskans are better off because of it. But spending at the federal level has spiraled out of control, and a Balanced Budget Amendment <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=http%3a%2f%2fw ww.johanns.senate.gov%2fpublic%2f%3fp%3dPressReleases%26amp%3bContentRec ord_id%3dde5327d9-da4c-4de6-9f78-f6ed1dd9417f%26amp%3bContentType_id%3db c82adff-27b4-4832-8fd6-aecbe3e7d8e3%26amp%3bMonthDisplay%3d2%26amp%3bYea rDisplay%3d2013> is a positive step toward improving our fiscal health. This year alone our federal deficit is expected to add nearly a trillion dollars to our already unsustainable $16.4 trillion debt. While this amendment will not solve all of our spending woes, it would serve as a commonsense framework for reigning in spending so our future generations can thrive and grow. Click <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=http%3a%2f%2fj ohanns.senate.gov%2fpublic%2f%3fp%3dEmailSenatorJohanns> here <johanns.senate.gov/public/ to leave your remarks for Senator Johanns. Stay in touch with Senator Johanns on <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=http%3a%2f%2fw ww.facebook.com%2fMikeJohanns> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=https%3a%2f%2f twitter.com%2f> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx johanns-iq&crop=18366.61473802.12187962.14749790&redirect=http%3a%2f%2fw ww.youtube.com%2fuser%2fSenatorMikeJohanns%3ffeature%3dmhee> To unsubscribe, email xxx ate. gov . <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_johanns-iq/ iqtrk.gif?crop=18366.61473802.12187962.14749790>


Senator Johanns e-Update
February 13, 2013

Today I introduced legislation with my Republican colleagues in support of a Constitutional amendment that would require a balanced federal budget. The amendment would require both Congress and the President to commit to a budget limiting federal expenditures to 18 percent of U.S. Gross Domestic Product (GDP), and would require supermajorities in both houses of Congress to raise taxes or increase the debt limit.

Forty-nine states, including Nebraska, already require a balanced budget each year, and Nebraskans are better off because of it. But spending at the federal level has spiraled out of control, and a is a positive step toward improving our fiscal health. This year alone our federal deficit is expected to add nearly a trillion dollars to our already unsustainable $16.4 trillion debt. While this amendment will not solve all of our spending woes, it would serve as a commonsense framework for reigning in spending so our future generations can thrive and grow.

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