Rep. Randy Neugebauer made the case for a balanced budget amendment in his weekly newsletter.  It’s an idea that’s been around for decades.  The proposal came within one vote of getting congressional approval 15 years ago.

In his newsletter, Neugebauer writes that every child born today owes more than $46,000 to the government’s creditors.  According to Neugebauer, the debt crisis is a legitimate threat to our nation’s future.  He points out that the Chairman of the Joint Chiefs of Staff has called the nation’s debt the single biggest threat to our national security.