This resolution puts America on a path to solvency by promoting policies proven to spur strong GDP growth and capping total spending.
July 20, 2022
Honorable Mike Braun
United States Senator
Re: Your proposed Concurrent Resolution for the FY 2023 Budget and the Outyears
Dear Senator Braun,
On behalf of the 2.3 million members of the Association of Mature American Citizens (AMAC), I
am please to offer our full support for your proposed Concurrent Resolution.
We fully agree that the inflation-fueling runaway spending by the federal government and
spawned in the Congress must be stopped and replaced by enforceable guidelines and actions
that will assure prudent spending going forward that fulfills the fiduciary responsibility of the
Congress to the American taxpayers. Sadly, the current Gramm-Rudman law has become
riddled with procedural holes, akin to “swiss cheeze.”
Moreover, continuing to grow the national debt, now more than $30 trillion, without limits on
spending threatens the economic and national security of our Nation. This seriously threatens
the financial stability and opportunity for American workers and families, particularly seniors on
fixed and limited incomes, and devalues our currency on the world market.
In this connection, we note that the U.S. Treasury has borrowed more than $3.1 trillion from
the Social Security Trust Funds – and that has to be repaid.
In short, the Congress needs be seized with a sincere commitment to Financial Responsibility
and we view the Braun Principles and Budget as on target and critically needed for our Nation.
President, AMAC Action