Balance Budget Amendment fails to Pass
Congressman Dan Benishek cast a historic vote today in support of a Balanced Budget Amendment to the Constitution.
The Balanced Budget Amendment mandates that the federal government’s expenses must equal its tax receipts.
Opponents of the Amendment claim the measure is unnecessary.
Under the leadership of both parties in Congress over the past 50 years, the federal budget has been in balance only five times.
Current debt amounts to nearly 50 thousand per American.
A majority of the house supported the Balance Budget Amendment, but it failed to receive a two thirds majority required by the Constitution.