WASHINGTON—A new bill that aims to create a balanced budget, co-sponsored by an Okla. Congressman, was approved by the House of Representatives Wednesday.
The “Require a Plan Act” would force the president to come up with a budget that would balance the federal budget within 10 years.
If he fails to do so, he would be required to provide a budget plan by April 1 that would label which fiscal year the budget would be balanced.
Congressman Markwayne Mullin issued a statement on the bill’s passage:
“It has been far too long since we’ve had a budget in this country. It’s time to get serious. This common sense legislation is a step in the right direction. Oklahoma families and businesses know what it is like to live within a budget and it is high time that Washington D.C. learns to do the same. In my experience with my businesses I know what it is like to budget in good times and bad. The families and businesses in my district know that if they consistently spent more money than they took in there would be serious repercussions resulting from that decision. The same is true for our national budget. We cannot continue our reckless lack of planning while the United States sinks further into debt. By requiring a plan from this administration we can finally hold our government accountable to the American people.”