Bill Text: FL S1742 | 2012 | Regular Session | Introduced

Florida Senate Memorial 1742 (Prior Session Legislation)

Introduced

Bill Title: Federal Spending Cap

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-03-09 - Died on Calendar [S1742 Detail]

Download: Florida-2012-S1742-Introduced.html

       Florida Senate - 2012                                    SM 1742
       
       
       
       By Senator Oelrich
       
       
       
       
       14-01376-12                                           20121742__
    1                           Senate Memorial                         
    2         A memorial to the Congress of the United States,
    3         urging Congress to cap federal spending as a
    4         percentage of gross domestic product.
    5  
    6         WHEREAS, the current national debt is over $14.3 trillion,
    7  a cost of approximately $46,000 for each man, woman, and child
    8  in the United States, and is growing at an alarming rate, and
    9         WHEREAS, the national debt as a percentage of gross
   10  domestic product (GDP) is at historic highs and projected to
   11  continue rising if action to constrain spending is not taken,
   12  and
   13         WHEREAS, the United States does not have a revenue problem,
   14  it has a spending problem, and
   15         WHEREAS, every dollar the Federal Government takes out of
   16  the American economy is a dollar that cannot be used by American
   17  companies and entrepreneurs to create jobs and economic growth,
   18  and
   19         WHEREAS, the nation’s current budget crisis, if continued,
   20  will burden future generations with massive amounts of debt, and
   21         WHEREAS, it is prudent to establish a statutory,
   22  enforceable cap to align federal spending with average revenues
   23  at 20 percent of GDP and, thus, reduce the national debt and
   24  protect America’s financial future, NOW, THEREFORE,
   25  
   26  Be It Resolved by the Legislature of the State of Florida:
   27  
   28         That the Florida Legislature respectfully urges the
   29  Congress of the United States to cap federal spending at 20
   30  percent of gross domestic product.
   31         BE IT FURTHER RESOLVED that copies of this memorial be
   32  dispatched to the President of the United States, to the
   33  President of the United States Senate, to the Speaker of the
   34  United States House of Representatives, and to each member of
   35  the Florida delegation to the United States Congress.