DeGette Statement on Balanced Budget Amendment

WASHINGTON – U.S. Rep. Diana DeGette (CO-1) issued the following statement following today's vote on a Balanced Budget Amendment. DeGette voted against the Amendment, which independent economists say could double our national unemployment.

"Throughout my time in Congress, I have steadfastly supported balancing our nation's budget. Every American family must balance their own household budget, and they deserve nothing less from their government.

"However, while the notion of a Balanced Budget Amendment sounds like a good idea, it leaves our nation unequipped to deal with the inevitable crises we must confront – like war and severe economic downturns. This Amendment is a particularly dangerous step that independent economists believe would cost our nation upwards of 15 million jobs and throw our struggling economy into another recession.

"Rather than head down this fiscally treacherous path, I believe we would be far better off with a return to the Pay-As-You-Go rules that led to record surpluses under President Clinton, before two wars and bonus tax breaks for the wealthiest Americans drove our nation into a deficit.

"Every fiscally responsible family must keep their own household finances in check, while providing themselves the means to deal with emergencies and unplanned expenses. The federal government should do the same, and I continue to ask my colleagues across the aisle to work cooperatively with us to balance our nation's budget while pursuing solutions that get Americans back to work."

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