MOORESTOWN, NJ — Local businessman and candidate for Congress Bob Healey today endorsed the necessity of a Constitutional Balanced Budget Amendment to ‘halt the damage of Congress’ persistent fiscal recklessness.’
As the Republican-nominated candidate for Congress in NJ-03 District, Healey said, “Joe Biden and the Democrats in Congress have taken reckless spending to a new level, but neither party has much to brag about on this front. It’s time for real reform.”
Added Healey: “A recent Congressional Budget Office (CBO) report suggested that the federal budget deficit could exceed $1.0 trillion by the end of fiscal year 2022, and legislation to increase the nation’s debt ceiling without any serious contemplation of how to slow spending is all but an annual event. We need to press pause.”
“Small businesses, average American families, even state governments must live within their budgets. Only the federal government shows no restraint. That isn’t going to change with politicians who have worked most, if not all, of their adult lives in government, like Joe Biden and Andy Kim. They simply don’t understand that nearly half of all hardworking American families are living paycheck to paycheck,” declared Healey. 1
“As a member of Congress, I will push for a constitutional amendment like H. J. Res. 3 that would prohibit the federal government from running annual budget deficits. During this time of record inflation, exceedingly high debt and economic hardship, Congress needs to get the budget under control. A Balanced Budget Amendment to the Constitution would put our country back in the right direction,” said Healey, a Burlington County business owner.
Healey favors a balanced budget law that includes an ‘escape hatch’, allowing in in times of emergencies such as war, depression, etc. to permit deficit spending.
Kim, who first sought office in 2018, has been silent on need to manage federal spending, and has opposed balanced budget amendment. 2
Healey concluded, “Biden’s recent $5.8 trillion budget, supported by Andy Kim, would send our nation further down the rabbit hole of untenable economic peril. That’s why a such a spending requirement is needed now.”
Source: https://www.bobhealeyfornj.com/2022/06/28/healey-says-balanced-budget-law-needed-to-restrain-congress/
