March 05, 2004

Fiscal Responsibility Act
Posted by Jon Henke

Based on the name alone, I can tell you it doesn't stand a chance. Still, I'll endorse this....

Representative Nathan Deal (GA-10) introduced legislation today to force members of Congress to get serious about balancing America's budget. The "Fiscal Responsibility Act of 2004", H.R. 3736, would cut Congressional salaries every year that a balanced budget was not passed and implemented. ...

The proposed legislation will create an automatic five-percent reduction in the annual pay for every Member of Congress that is triggered when the budget is not balanced in that same fiscal year. If the deficit spending continues, the pay cut will be increased to ten percent for every consecutive fiscal year....

Furthermore, a member would not receive any cost of living allowance (COLA) unless a balanced budget is passed and implemented.

If anything, it doesn't go far enough. Where's that balanced budget ammendment? Where's the line-item veto?

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Comments

I thought Congress passed the line item veto back in 1995. Could be wrong, though....

Posted by: Steverino at March 5, 2004 06:37 PM

I thought Congress passed the line item veto back in 1995. Could be wrong, though....

Actually it was 1996 (if memory serves), SCOTUS ruled it un-Constitutional a few years later.

Posted by: Kevin at March 5, 2004 09:09 PM