Kelsey, Faison Call for Yearly Balanced Federal Budget - Articles

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Posted by: Brittany Sims on Jan 17, 2014

State Sen. Brian Kelsey, R-Germantown, and State. Rep. Jeremy Faison, R-Cosby, filed joint resolution SJR 0493 calling for a constitutional convention that would require Congress to balance the federal budget each year. Specifically, the resolution states that in the absence of a congressional declaration of war or an economic recession, the total of all federal appropriations made by the Congress for any fiscal year may not exceed the total of all estimated federal revenues for that fiscal year. The Chattanoogan has more.