WASHINGTON, D.C.—U.S. Rep. Mike McIntyre, D-Lumberton, has co-sponsored a bill that would amend the Constitution to include a balanced budget requirement.
According to Dean Mitchell, McIntyre’s press secretary and chief of staff, McIntyre co-sponsored the bill to cut congressional spending.
“Now more than ever, Congress should pass a balanced budget amendment and stop spending money our nation does not have. Our mounting public debt is a clear threat to our economy, job growth, national security and the wellbeing of our future generations, and it must be addressed.
“I have long and consistently supported a balanced budget amendment in order to ensure that our nation spends only what we take in and that we return to a path of sustainable budgeting,” McIntyre said.
The balanced budget amendment would require that total federal spending for any fiscal year to be less than total money received, a three-fifths vote for any increase in the debt limit, and that the president’s budget to Congress be balanced each year, Mitchell said.
Check back for more on this developing story.
