Rep. Hill Supports the Balanced Budget Amendment

ARRA News Service: Today, Rep. Hill (AR-02) issued the following statement after supporting the balanced budget amendment to the Constitution, H.J.Res. 2, which failed in the House:
"Families and businesses have to live within their means, and the federal government shouldn't be any different. Our federal spending is out of control, and our federal government is too large and it tries to do too much.

Arkansans are fed up with the government spending more than it takes in. In 1995, when our national debt was $4.9 trillion, the Senate failed, by a single vote, to pass a balanced budget amendment. Now look where we are today.

With our nation's debt reaching $21.3 trillion, our country's prosperity and security is in jeopardy. Without balancing our budget, we're setting ourselves up for financial ruin. I supported this measure because it would have put us on a path towards long-term fiscal responsibility. I am extremely disappointed that it failed, and I remind those who voted against it today that nations not in control of their finances cannot control their future – and this is not a legacy we want to leave our children and grandchildren."
Background: The Proposing a balanced budget amendment to the Constitution of the United States, H.J.Res 2, places a limit on federal spending by mandating that the federal budget be balanced each year.
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U.S. Rep. French Hill represent Arkansas 2nd District.

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