Texas Insider Report: WASHINGTON D.C. Today Congressman Smith voted for a balanced budget amendment (H.J. Res. 2) to the Constitution to restore fiscal responsibility and accountability to federal government spending. The proposal for a balanced budget amendment did not pass in the House with a vote of 233-184.
Congressman Lamar Smith: American families balance their checkbooks and so should the government. I was a member of the Budget Committee when we achieved the last balanced budget. And I have co-sponsored other balanced budget amendments to the Constitution. I will continue to support legislation that reduces federal spending the deficit and the national debt."
- Watch video of Congressman Smith speaking about the Balanced Budget Amendment on the House floor today here.
Background: This bill requires the President to submit a balanced budget to Congress annually. Congress is authorized to waive these requirements when a declaration of war is in effect or if the United States is engaged in military conflict that causes an imminent and serious military threat to national security.
