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Tennessee Becomes 22nd State To Apply For Convention Of States For A Balanced Budget Amendment
Yesterday, the Tennessee House passed HJR 548 by a vote of 89-2; last week, the Senate passed SJR 493 by a vote of 28-0.
David Biddulph, Co-founder, BBATF thanked Rep. Dennis Powers (Jacksboro), House Speaker Beth Harwell (Nashville), Sen. Brian Kelsey (Germantown)
“I am very encouraged by the results of the Tennessee vote. Americans are waking up to a federal government which continues spends $6.8 million dollars per minute, which is irresponsible, unsustainable and has no end in sight. The States must intercede though Article V to force Congress to balance our federal budget before it’s too late,” said Lou Marin, CEO, I Am American.org .
Bill Fruth, Co-founder BBATF provided expert testimony before the legislature on the dire need for a balanced budget amendment.
The U.S. federal government has run up a debt of over 17 trillion dollars, largely to underwrite past and present consumption using resources that should belong to future Americans. That debt continues to grow. Congress has shown itself unable or unwilling to operate within its means. Never before in the history of this country has one generation left the next generation in such a precarious fiscal situation.
The total U.S. debt has increased every year since 1957 (U.S. Treasury Department). Now only 10 countries out of world's 193 have a higher total debt to G.D.P. ratio than does the U.S. (107%). That list includes: Greece – 159%, Jamaica-147%
Former Chairman of the Joint Chiefs of Staff, Navy Admiral Mike Mullen stated, "I've said many times that I believe the single, biggest threat to our national security is our debt."
According to data compiled by the Balanced Budget Amendment Task Force, 22 states, including Tennessee, have “active” applications to hold an interstate meeting (convention)
The Balanced Budget Amendment Task Force is a non-profit, non-partisan coalition whose mission is to educate state legislators on their Constitutional power to propose and ratify a Balanced Budget Amendment to the U.S. Constitution that aims to quadruple family income and pay off the nation’s debt within four generations.
To learn more about the national campaign for a U.S. Balanced Budget Amendment, visit http://www.bba4usa.org.
Page Updated Last on: Mar 12, 2014