Letter calls for a United States Constitutional Amendment mandating passage of a balanced budget each year Central Virginia- Delegate Christopher K. Peace (R-Hanover) announces a joint initiative with many of his General Assembly colleagues who have signed a letter strongly urging Congress to pass the Balanced Budget Amendment (BBA). Rep. Bob Goodlatte (6-VA) introduced a joint resolution in the U.S. House of Representatives and Senator Mike Lee (R-UT) and Senator Orrin Hatch (R-UT) have introduced a similar resolution in the U.S. Senate.
Passage of this common sense measure would prevent Congress from spending more money than it takes in. Nationally, all states, except Vermont, have some form of a balanced budget amendment, and the federal government be should required to follow the same mandate that states, businesses and individual families follow in order to ensure economic stability.
“As the American people, in these tough economic times, are tightening their belts and living within their means, government must do the same,” asserted Delegate Peace. “Citizens are insisting that government, at all levels, practice fiscal restraint. I am proud to join with Speaker Howell and my General Assembly colleagues to support this amendment. Once passed, I will work with members of the Virginia House of Delegates to make certain that Virginia votes to ratify the amendment.”
Further components of BBA are the limiting of Federal spending to 18 percent of gross domestic product, and the requirement of supermajorities, a 2/3 vote, in both houses of Congress to raise taxes or increase spending.
Delegate Christopher K. Peace was elected to his third term representing the 97th District of the Virginia House of Delegates. The District includes parts of Hanover, Caroline, King William, King and Queen, Henrico, Spotsylvania Counties and all of New Kent County.