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The Franklin News-Post
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
540-483-5113
Fax: 540-483-8013

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Hurt co-sponsors balanced budget amendment
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Congressman Robert Hurt was sworn in to serve as the representative for Virginia’s 5th District in the 113th Congress last week. Above, from left, are Henry Hurt (father), Stephanie Hurt (sister-in-law), Margaret Hurt (mother), House Speaker John Boehner, Lily Hurt (niece), Robert Hurt, Sam Hurt (nephew) and Henry Hurt (nephew).

Monday, January 7, 2013

Fifth District Congressman Robert Hurt (R-Va.) has signed on to be a co-sponsor of Congressman Bob Goodlatte's (R-Va.) balanced budget amendment.

Hurt said the amendment "would set us on a path toward fiscal sustainability by requiring that the federal government not spend more than it takes in."

"At a time when we are borrowing 45 cents on the dollar and rapidly adding to a more than $16 trillion debt, there is no greater duty to those we represent than to get serious about fixing this spending-driven debt crisis," Hurt added.

Elements of the proposed balanced budget amendment are:

•Requires that total spending for any fiscal year not to exceed total receipts unless three-fifths of each chamber provides for a specific excess.

•Requires a three-fifths vote for any increases in the debt limit.

•Requires that that the President's proposed budget to Congress be balanced each year.

•Requires that legislation to increase taxes must be passed by a true majority of each chamber by a roll call vote. Current law only requires a majority of those present and voting and allows a voice vote.

•Provides an exception in times of war and during military conflicts that pose imminent and serious military threats to national security, but requires that any additional spending be for that military conflict.

•Stipulates that total outlays do not include repayment of debt and total receipts do no include those derived from borrowing.

 
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