Balanced Budget Amendment Would Pave Way For Unprecedented Economic Growth

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today after all 47 Republican Senators joined to introduce a balanced budget amendment to the U.S. Constitution:

“In the Budget Committee we have heard countless warnings from expert after expert and witness after witness. We are on a dangerous and unsustainable path of spending and borrowing. The chairs of the president’s own fiscal commission warned that the United States faces ‘the most predictable economic crisis in its history.’

Sadly, the president has failed to lead in the face of this crisis, and the risk remains great. Washington must begin to impose the self-discipline that has been sorely lacking. Today’s amendment would do just that.

If adopted, it would pave the way for an era of unprecedented economic growth and prosperity. And just its passage in the Senate alone would send a powerful signal to the world, helping to restore stability and confidence in our economy.

This amendment is worth fighting for, and we must try and pass it. This is not a partisan issue. I hope my Democrat colleagues will join with us in facing the defining challenge of our time.”