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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1995 SESSION
WHEREAS, each year this nation becomes more deeply in debt as its expenditures repeatedly exceed available revenues so that the total federal public debt now approaches $5 trillion and continues to increase; and
WHEREAS, the federal budget fails to reflect actual spending because of the exclusion of special outlays which are neither included in the budget nor subject to the legal public debt limit; and
WHEREAS, knowledgeable planning requires that the budget reflect all federal spending and that the budget be in balance; and
WHEREAS, attempts to curtail federal spending, confine expenditures to available revenues, and reduce the annual deficit have met with only limited success; and
WHEREAS, fiscal irresponsibility at the federal level, with the inflation that can result from this policy, is the greatest threat which faces our nation; and
WHEREAS, the requirement to balance the budget and a presidential line-item veto are two measures which will promote responsibility at the federal level, provide checks against unnecessary and costly appropriations, and reinforce efforts to bring about fiscal integrity; and
WHEREAS, the Constitution of this Commonwealth provides for both a balanced budget and gubernatorial line-item veto, and these provisions have reinforced the inherent fiscal common sense of spending only funds available and have contributed to the Commonwealth's outstanding reputation for sound fiscal management and policy; now, therefore, be it
RESOLVED by the House of Delegates, the Senate concurring, That Congress be urged to express its vigorous and continuing support for amendments to the Constitution of the United States to require a balanced budget and provide a line-item veto power for the President; and, be it
RESOLVED FURTHER, That a copy of this resolution be sent to the President of the United States, the Speaker of the House of Representatives, the President of the United States Senate, and to each member of the Virginia Congressional Delegation in order that they may be apprised of the sentiment of the General Assembly of Virginia.