5/13/2019 Group Watch: Shelby Proposes Balanced Budget
U.S. Senator Richard Shelby, R-Alabama, re-introduced legislation proposing a constitutional amendment that would require Congress to pass a balanced budget. Shelby is concerned with the nation’s growing national debt, which has soared to $22 trillion. If passed by the Congress and then ratified by three-fourth of the states, this amendment to the Constitution would require the total amount of money spent by the United States during any fiscal year, except during times of war, not exceed the amount of revenue received by the government during the same fiscal year, and not exceed 20 percent of the gross domestic product during the previous calendar year.
