Bill Amendment: AZ HCR2015 | 2016 | Fifty-second Legislature 2nd Regular
Bill Title: Financial sustainability support
Status: 2016-04-04 - Senate RULES Committee action: Proper For Consideration [HCR2015 Detail]
Download: Arizona-2016-HCR2015-HOUSE_ADOPTED_AMENDMENT_Government_and_Higher_Education_-_Strike_Everything.html
Fifty-second Legislature
Second Regular Session
COMMITTEE ON GOVERNMENT AND HIGHER EDUCATION
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.C.R. 2015
(Reference to printed resolution)
Page 1, before line 1, insert:
"Whereas, this nation's fiscal recklessness poses a great, clear and present threat to America's future; and
Whereas, the national debt has now surpassed $18 trillion; and
Whereas, the national debt is projected to approach $21 trillion by 2019; and
Whereas, states receive between 24% and 49% of their general revenue from federal monies and on average rely on the federal government for 36 cents of every dollar spent in state budgets; and
Whereas, in its recently released audit of the federal government's financial statements, the Government Accountability Office declared, "Over the long term, the structural imbalance between spending and revenue will lead to continued growth of debt held by the public as a share of GDP [gross domestic product]; this means the current structure of the federal budget is unsustainable"; and
Whereas, this fiscal scenario is by all accounts unsustainable for this nation as well as for this state; and
Whereas, in May 2012, the American Institute of Certified Public Accountants, in its review of the federal government's most recent annual financial statements, warned, "The U.S. is not exempt from the laws of prudent finance. We must take steps to put our financial house in order. The credit rating agencies have recently issued renewed warnings of U.S. credit downgrades unless substantive reforms are made. Our current fiscal policy results in mortgaging our nation's future without investing in it, leaving our children, grandchildren and future generations to suffer the consequences. This is irresponsible, unethical and immoral"; and
Whereas, restoring fiscal sanity and sustainability is at the heart of jumpstarting economic growth and fostering a business climate in which companies can grow and begin to hire; and
Whereas, absent credible actions to address this fiscal irresponsibility, uncertainty will continue to dominate business decision‑making and economic recovery will languish.
Therefore"
Strike everything after the resolving clause and insert:
"1. That the Members of the Legislature support the restoration of fiscal sanity and sustainability through the reduction of the federal deficit.
2. That the Members of the Legislature support the reduction of this state's dependence on federal monies."
Amend title to conform
