HR 444 REQUIRE A PLAN ACT
House Chamber, Washington, D.C.
February 6, 2013
Mr. Speaker:
A family that earns $27,000, but spends $36,000 and has run up a credit card debt of $165,000 is on the brink of financial ruin. Proportionally, that’s exactly where our federal government is today.
If that family were to see a credit counselor, the first thing he’s going to tell them is, “We have to sit down and draw up a budget.”
That family’s going to have to make some difficult choices. It may take several years to work its way back to solvency.
But our Senate has not passed a budget in nearly four years and our President has offered only entirely un-serious budgets that continue to spend recklessly and never balance.
This bill simply requires that if the President can’t balance the budget this year, he tells us how long it will take and what needs to be done to do so.
We would expect that from any family. We should demand it from our government.
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