Balanced Budget Amendment

Government spending is at an all-time high with U.S. debt now exceeding $31 trillion dollars. This is unsustainable. 

In Iowa, we have common sense, we work hard, and we live within our means. Why can’t the federal government do the same?  While our families must plan for a balanced budget to afford basic necessities, especially with inflation at 40-year highs, our federal government continues to operate in a league of their own. 

I introduced a bill proposing a Constitutional amendment to balance the federal budget. A Constitutionally-required balanced budget will restore a sensible, functional government and stop this vast overspending. 

Specifically, my bill would do the following to get our fiscal house in order: 

  • Require three-fifths roll call vote of each chamber of Congress to increase the public debt limit; 

  • Require a majority roll vote of each chamber to increase revenue; 

  • Require the President to submit a balanced budget to Congress annually; and 

  • Allow for a waiver for use during wartime or imminent danger to national security. 

We can’t wait any longer to get our debt and spending under control. Both parties have been guilty of running up America’s tab, and it’s time for us to work together to put a stop to it. We need a Constitutionally-required balanced budget now. 

Read The Bill Text Here: 

FORM: https://nunn.house.gov/SL/Balanced-Budget-Amendment