Rockwall, TX – John Ratcliffe reinforced the need to pass the Balanced Budget Amendment to the Constitution that he introduced to stop the endless cycle of borrowing, taxing, and spending once and for all.
Ratcliffe’s legislation, H.J. Res. 41, would require Congress to balance the budget every single year and would cap federal spending at 18% of GDP. Additionally, this Balanced Budget Amendment would institute a “no balanced budget, no pay” mechanism for members of Congress – forcing accountability for the reckless spending that leadership of both parties have contributed to.
“It’s pretty simple – you live within your means,” said Ratcliffe. “It’s not that the federal government can’t balance the budget. It’s that there hasn’t been the political will to do so. That’s why it’s more important than ever to pass a Balanced Budget Amendment like the one I authored. The national debt under President Obama just reached $19 trillion. For the sake of our children and grand children, we must restore fiscal sanity now.”
As the Mayor of Heath, TX, Ratcliffe balanced the budget for all eight years he was in office without raising taxes. The city had its credit rating upgraded by all three rating agencies under his leadership.