John Fleming on Budget & Economy

I don't think we should raise the debt ceiling

Balanced Budget Amendment with 3/5 vote to override.

Constitutional Amendment to prohibit outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.

• Requires a three-fifths rollcall vote of each chamber to increase the public debt limit.
• Directs the President to submit a balanced budget to Congress annually.
• Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote.
• Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
• Amendment to the Constitution shall be valid when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification

Proposing a balanced budget amendment to the US Constitution.

Proposing a balanced budget amendment to the Constitution of the United States:
• Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a 3/5ths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.
• Requires a 3/5ths rollcall vote of each chamber to increase the public debt limit.
• Directs the President to submit a balanced budget to Congress annually.
• Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote.
• Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.

Audit the Federal Reserve & its actions on mortgage loans.

The Federal Reserve Transparency Act directs:

• the completion, within 12 months, the audit of the Federal Reserve System and of the Federal Reserve Banks; with a detailed report of audit findings and conclusions.
• Audit and report on the loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Federal Reserve against supervised financial institutions.
• Prescribes audit contents, including:
  1. the guidance given by the Federal Reserve to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews,
  2. the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews, and
  3. the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner as well as the level and type of remediation offered.
  Source: H.R.24&S.209 13-HR0024 on Jan 3, 2013

  Reclaim all bonuses paid to AIG executives & employees.

  Fleming signed bill to reclaim all bonuses paid to AIG executives
  To require the Secretary of the Treasury to pursue every legal means to stay or recoup certain incentive bonus payments and retention payments made by American International Group, Inc. (AIG) to its executives and employees, and to require the Secretary`s approval of such payments by any financial institution who receives funds under the Emergency Economic Stabilization Act of 2008.
  1. Not later than 2 weeks after the date of enactment of this Act, the Secretary of the Treasury shall establish a plan to pursue every legal means to stay or recoup incentive bonus payments and retention payments made after September 16, 2008, by AIG to its executives and employees.
  2. The Secretary of the Treasury shall not authorize any payment or other provision of Federal assistance to AIG unless the executives and employees then employed by AIG surrender to the Treasury any incentive bonus payments and retention payments received by such executives and employees after September 16, 2008.
  3. The Secretary of the Treasury shall require any financial institution that has received any assistance under the Emergency Economic Stabilization Act, and that has not repaid in full such assistance, to submit incentive bonus and retention payment plans for approval by the Secretary before making any incentive bonus payment or retention payment to any executive or employee.
  Source: H.R.1577 2009-H1577 on Mar 18, 2009

  Click here for definitions & background information on Budget & Economy. Click here for a Wikipedia profile of John Fleming. Click here for a Ballotpedia profile of John Fleming. Click here for SenateMatch quiz answers by John Fleming. Click here for a summary of John Fleming's positions on all issues. Click here for issue positions of other LA politicians. Click here for issue statements from LA primary archives. Click here for issue statements from LA secondary archives.
  Other candidates on Budget & Economy:		John Fleming on other issues:
  LA Gubernatorial: Jeff Landry John Schroder Mitch Landrieu Sharon Hewitt Shawn Wilson LA Senatorial: Bill Cassidy Gary Chambers John Neely Kennedy Julia Letlow Luke Mixon LA politicians LA Archives	Senate races 2026: AK: Dan Sullivan(R,incumbent) vs.Andy Barr(R) vs.Mary Peltola(D) AL: Tommy Tuberville(R,retiring) vs.Barry Moore(R) vs.Steve Marshall(R) AR: Tom Cotton(R,incumbent) vs.Dan Whitfield(I,withdrew) vs.Ethan Dunbar(D) CO: John Hickenlooper(D,incumbent) vs.Janak Joshi(R) vs.Julie Gonzales(D) vs.Mark Baisley(R) DE: Chris Coons(D,incumbent) vs.Mike Katz(I) FL: Ashley Moody(R,appointee) vs.Alan Grayson(D) vs.Angie Nixon(D) GA: Jon Ossoff(D,incumbent) vs.Buddy Carter(R) vs.Mike Collins(R) vs.John F. King(R,withdrew) IA: Joni Ernst(R,retiring) vs.Ashley Hinson(R) vs.Bob Krause(D) vs.Jim Carlin(R) vs.J.D. Scholten(D,withdrew) ID: Jim Risch(R,incumbent) vs.David Roth(D) vs.Todd Achilles(I) IL: Richard Durbin(D,retiring) vs.Juliana Stratton(D) vs.Raja Krishnamoorthi(D) vs.Robin Kelly(D) KS: Roger Marshall(R,incumbent) vs.Patrick Schmidt(D) KY: Mitch McConnell(R,retiring) vs.Charles Booker(D) vs.Daniel Cameron(R) vs.Pamela Stevenson(D) LA: Bill Cassidy(R,incumbent) vs.John Fleming(R) vs.Julia Letlow(R) MA: Ed Markey(D,incumbent) vs.Seth Moulton(D) vs.John Deaton(R) ME: Susan Collins(R,incumbent) vs.Janet Mills(D) MI: Gary Peters(D,retiring) vs.Haley Stevens(D) vs.Joe Tate(R,withdrew) vs.Mallory McMorrow(D) vs.Mike Rogers(R)	MN: Tina Smith(D,retiring) vs.Angie Craig(D) vs.David Hann(R) vs.Peggy Flanagan(D) vs.Royce White(R) MS: Cindy Hyde-Smith(R,incumbent) vs.Ty Pinkins(D) MT: Steve Daines(R,incumbent) vs.Reilly Neill(D) NC: Thom Tillis(R,retiring) vs.Michael Whatley(R) vs.Roy Cooper(D) NE: Peter Ricketts(R,incumbent) vs.Dan Osborn(I) NH: Jeanne Shaheen(D,retiring) vs.Chris Pappas(D) vs.John Sununu(R) vs.Scott Brown(R) NJ: Cory Booker(D,incumbent) vs.Justin Murphy(R) NM: Ben Ray Lujan(D,incumbent) vs.Matt Dodson(D) OH: Jon Husted(R,appointee) vs.Sherrod Brown(D) OK: Markwayne Mullin(R,incumbent) vs.Troy Green(D) OR: Jeff Merkley(D,incumbent) vs.Jo Rae Perkins(R) RI: Jack Reed(D,incumbent) vs.Connor Burbridge(D) SC: Lindsey Graham(R,incumbent) vs.Catherine Fleming Bruce(D) vs.Paul Dans(R) SD: Mike Rounds(R,incumbent) vs.Brian Bengs(I) TN: Bill Hagerty(R,incumbent) vs.Diana Onyejiaka(D) TX: John Cornyn(R,incumbent) vs.Ken Paxton(R) vs.Wesley Hunt(R) vs.James Talarico(D) vs.Jasmine Crockett(D) VA: Mark Warner(D,incumbent) vs.David Williams(R) WV: Shelley Moore Capito(R,incumbent) vs.Jeff Kessler(D) vs.Tom Willis(R) WY: Cynthia Lummis(R,retiring) vs.Harriet Hageman(R) vs.Reid Rasner(R)	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Jobs Principles Social Security Tax Reform Technology War/Peace Welfare Other Senators Congressional Votes (analysis) Congressional Ratings Affiliations Policy Reports Page last updated: Feb 15, 2026; copyright 1999-2022 Jesse Gordon and OnTheIssues.org