(CNS News.com) When asked whether President Joe Biden would ever balance the federal budget, Sen. John Cornyn (R-Tex.) said, “No,” and added that the U.S. Constitution needs a balanced budget amendment to force both Democrats and Republicans to get America’s fiscal house in order.
(CNS News.com) When asked whether President Joe Biden would ever balance the federal budget, Sen. John Cornyn (R-Tex.) said, “No,” and added that the U.S. Constitution needs a balanced budget amendment to force both Democrats and Republicans to get America’s fiscal house in order.
(CNSNews.com) The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Mar. 14, was $30.19 trillion. Despite these numbers, some Democrat senators believe President Joe Biden will balance the budget or expressed optimism that he will.