The time is now. This week we watched as our Nation's debt reached an unprecedented level--$15 trillion. This debt crisis was caused by past administrations and past Congresses who refused to say no more spending. Washington spends too much and is under water. Because of that, our national security and sovereignty and the standard of living for our children and grandchildren are in jeopardy. Mr. Speaker, the time is now for this Congress to pass immediate, bold and permanent spending reforms that will hold all future Congresses accountable for their spending. And now we have the opportunity to do just that by passing a balanced budget amendment to our Constitution. Let's forever change the way that Washington spends money and bring accountability back to Congress by passing the balanced budget amendment to the Constitution. We've come close before, but there's no more excuses. The time is now.
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