Udall backs balanced budget rule

Sen. Mark Udall, D-Colo., wants the federal government to operate on a balanced budget, a sentiment that long has originated from the other side of the political aisle.

Udall is joining forces with Sen. Richard Shelby, R-Ala., on a yet-to-be-introduced balanced-budget amendment to the Constitution, Udall said Tuesday.

In short, the measure will require that federal spending can’t exceed revenues, except in cases of a war declared by Congress or on the vote of three-fifths of both houses of Congress.

“Our long-term economic health depends on it,” Udall said of balancing the budget, noting that only five times in the past 50 years has Congress approved a balanced budget.

Udall praised a Senate Appropriations Committee moratorium on legislation with earmarks for the next two years, citing it as an important step in reducing wasteful federal spending.

Building a balanced federal budget would “send a strong signal to the financial markets” and help prop up the national economy, Udall said.

There is no set schedule for the Udall-backed measure to be introduced, he said.

U.S. Rep. Scott Tipton, R-Colo., whose 3rd Congressional District includes most of the Western Slope, has thrown his support behind a balanced-budget amendment proposal, H.J. 4. That measure also calls for spending to equal revenues and has a clause by which spending could be increased for war on the vote of three-fifths of each house of Congress.

A constitutional amendment requires the approval of two-thirds of each house and approval by three-fourths of the state legislatures within seven years of congressional action.


COMMENTS

Commenting is not available in this channel entry.


TOP JOBS
Search More Jobs





THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050
Editions
Subscribe to print edition
E-edition
Advertisers
Sign in to your account
Information

© 2015 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy