This is what the Tea Party has been waiting for…
Subject: Urgent: House to consider balanced budget Constitutional amendment in July
Per Pergram-Capitol Hill
The tea party has been clamoring for this.
Remember, a Constitutional Amendment needs a two-thirds vote of both bodies of Congress and approval by three-quarters of all states.
The balanced budget amendment that was a part of the Contract with America passed with precisely 300 votes. But failed in the Senate by one vote in 1995.
Leader Cantor: House to Consider Balanced Budget Amendment
WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte:
“We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order.”
U.S. House of Representatives