Friday, Congressman Rudy Yakym (IN-02) issued the following statement after reintroducing a Balanced Budget Amendment to the United States Constitution as his first piece of legislation in the 119th Congress:
“I am reintroducing this Balanced Budget Constitutional Amendment as my first bill in this new Congress because there is no more important mission over these next two years than reining in runaway spending and getting our $36 trillion and growing national debt under control. Our unsustainable debt is the single greatest threat to our economic prosperity and the next generation’s ability to achieve the American Dream, and we need to address it before it’s too late.
“Under President Trump and unified Republican government, this Congress has a great opportunity to get our debt under control by getting our government to exercise the same kind of fiscal discipline that Hoosier families I represent back home in Indiana do every day.
“Restoring fiscal responsibility is one of the main reasons I ran for Congress in the first place, and I will never stop fighting for policies that deliver a brighter future for all our citizens.”
Rep. Yakym Balanced Budget Amendment Provisions
-
Under Rep. Yakym’s Amendment, our total national debt could not exceed 130% of GDP for the first year the Amendment is in effect. Then, for each following fiscal year the limit would drop one percent until the national debt cannot exceed 120% of GDP.
-
Prior to each fiscal year, the President must send to Congress a proposed budget for that fiscal year and the subsequent five-year period in which the total national debt does not exceed the debt-to-GDP limits.
-
The Amendment can be waived by a three-fifths vote of both houses of Congress, or during times of war and military conflict.
Rep. Yakym’s Balanced Budget Constitutional Amendment can be viewed here.
Southwestern's Newton earns IBCA scholarship
Electric vehicle fire training held at Rockville-Adams Township Training Center
Indiana FSSA announces results of HCBS attendant care audits - $200 Million in improper payments
Applications being accepted for Governor’s 2026 Century and Half Century Business Awards
Indiana BMV extending hours for primary election
$675 million impact reported from initial Regional Economic Development funding
PHMS Amazing Shake
Parke Heritage students in competition at FFA District Contest
Indiana's February unemployment rate below national average
Indiana hiring five county executive directors in training positions
Be on the lookout for farm equipment on the road
SW Parke projected to save over a million dollars closing Montezuma Elementary
Changes coming to South Vermillion School Corporation's cell phone policy
Crawfordsville man faces list of felony child sex charges
Domestic incident results in arrest in Parke County
Clinton man nabbed in burglary case
