Hensarling Speaks to Support a Balanced Budget Amendment
WASHINGTON – U.S. Representative Jeb Hensarling (TX-5) spoke on the House Floor before an overwhelming majority of Democrats demonstrated their unwillingness to support a balanced budget amendment.
Click here to view the floor speech or on the photo above.
“Along with Chairman Goodlatte, I will be leaving Congress at the end of this year. Serving in Congress has been the greatest privilege of my life. But I leave with one great regret, and that regret is my inability to convince my colleagues of the peril of ignoring the debt trajectory this nation is on.
“We cannot continue to spend money we do not have. My iPad is awash of reports about how our spending trajectory is unsustainable. CBO, OMB, from private foundations, they all conclude the same thing. The picture of national bankruptcy is ugly.
“It wasn’t that many years ago that we saw it in Greece. We saw soup kitchens, padlocked factories, hospitals that could no longer turn on the lights. College educated people forced in to subsistence agriculture. I don’t think America is going to be Greece. I wish I knew it for a fact. But here’s what I do know. If we don’t quit spending money, money we don’t have, we will become a second-rate economic power, a second-rate military power, and a second-rate moral authority.
“As we become the first generation in America’s history to leave the next generation with a lower standard of living – that is simply not just unintelligent, that is immoral. Can we have that stain on our record for generations to come?
“Frankly, I wish we were debating a spending limit amendment today. Which is my preference. But at least the balanced budget amendment is a fair fight so we at least do not mortgage our children’s future, our grandchildren’s future.
“Again, there is a moral imperative. We know what Churchill once said about us. That is, Americans can usually be counted on to do the right thing once they have exhausted every other possibility. It’s a humorous comment for a situation that is not humorous. We cannot wait. This is the most foreseeable crisis in America’s future.
“Today, we can make history. Today, we can ensure that we show fidelity to our Founding Fathers and to future generations. And for once going forward, ensure that it is enshrined in our most sacred document, that we balance the budget and do not mortgage our children’s future.”