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Diane Rufino has proposed a real remedy, based on the principles of federalism and nullification, to reign in federal spending.
NC may become the 5th state to call for a convention of states to draft a constitutional "balanced budget" amendment
During the 1970s and 1980s, America saw a growing federal deficit that caused states to react. North Carolina rewrote its constitution in 1971, and as part of that constitution the state is required to pass a 'balanced budget.' More specifically, the state's total expenditures cannot exceed its...
The United States could have a constitutional balanced budget amendment within a year, if enough states back a process spelled out by the group Compact for America.
The states could put a stake through the heart of America's "fundamental problem" of unlimited borrowing capacity that has created nearly $18 trillion in national debt by adopting a balanced budget amendment
The United States could have a constitutional balanced budget amendment within a year, if enough states back a process spelled out by the group Compact for America.
The states could put a stake through the heart of America's "fundamental problem" of unlimited borrowing capacity that has created nearly $18 trillion in national debt by adopting a balanced budget amendment
The states could put a stake through the heart of America's "fundamental problem" of unlimited borrowing capacity that has created nearly $18 trillion in national debt by adopting a balanced budget amendment
We hear a lot of folks pressing for a change in the Constitution to incorporate a "Balanced Budget Amendment". The argument is based on the belief that such an amendment would force the Congress to rein its profligate spending habits. It certainly sounds like a winner.
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