WASHINGTON, DC – U.S. Representative Kristi Noem (R-SD) today announced her cosponsorship of a key item in her fight to end Washington’s spending spree.  Noem will join over 200 of her colleagues on both sides of the aisle in cosponsoring H.J.Res 2, a balanced budget Constitutional amendment, which requires that total spending for any fiscal year not exceed total receipts.

 

“The State of South Dakota is required to balance its budget every year, South Dakota families must balance their budgets or face consequences.  Yet somehow, Washington hasn’t gotten the message.  We must cut up the credit card and rein in the out-of-control spending.  This amendment is a clear and simple way to institute some fiscal discipline in a place that often repels common sense,” said Noem.

 

“It took our nation 233 years to accumulate a national debt of $11 trillion. Yet President Barack Obama's own spending plans puts us on a path to double our national debt over the next ten years.   We simply cannot continue down this path.  Requiring government to no longer spend more than it collects is an important step in tackling our crushing burden of debt that hurts job creation,” said Noem.

 

Currently, forty-nine out of fifty state governments, including South Dakota, have a balanced budget requirement.  Specifically, H.J.Res 2 requires Congress not spend more than it receives in revenues, requires the President to submit a balanced budget to Congress, and requires a 3/5 majority vote to increase the debt limit, while also providing an exception in times of national emergencies. 

 

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