[Congressional Record Volume 169, Number 121 (Friday, July 14, 2023)]
[House]
[Page H3601]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





                   WASHINGTON HAS A SPENDING PROBLEM

  (Mr. MORAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. MORAN. Mr. Speaker, Washington has a spending problem. I know it, 
you know it, and more importantly, the American people know it.
  Our addiction to unaccountable spending has resulted in our Nation 
accumulating more than $32 trillion in debt, leading to crippling 
inflation and a financial burden that future generations will struggle 
to overcome.
  That is why I have introduced the principles-based balanced budget 
amendment, which would require annual spending and revenue to balance 
and affirm the principle of fiscal responsibility through 
constitutional mandate.
  If ratified, this constitutional amendment would require Congress to 
balance the budget within 10 years while still allowing Congress to 
determine the mechanisms of how to achieve that balance through 
statute.
  Under the Constitution, Congress holds both the power of the purse 
and the responsibility of the purse. Let us fulfill that responsibility 
with a strict measure of accountability.
  Mr. Speaker, I urge my colleagues to support this effort to affirm 
the principles of fiscal responsibility through constitutional mandate. 
Our financial future in America depends on it. We must act now.

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