AUSTIN — The Senate, taking a break from Texas’ own budget problems, Wednesday passed a joint resolution calling on Congress to stop deficit spending and approve a new amendment to the U.S. Constitution requiring a balanced federal budget.
Under the resolution, approved 24-7, Congress will first be asked, and then if nothing happens, the Senate wants a constitutional convention to be called solely to pass a balanced budget amendment.
Two-thirds of the states — at least 34 — would have to agree before a constitutional convention could be convened. There has never been a constitutional convention called by the states, though many — including Texas — have petitioned for one. Continue reading →
The Wise Republican Women and Wise County Republicans organizations will meet jointly on next Monday, February 14, 2011, at 6:30 PM in the second floor 271st Distrct Courtroom at the Wise County Courthouse on the square in downtown Decatur.
While the State of Texas operates within a spending limit contained in the Texas Constitution, the United States Constitution contains no such limitation. It is the omission of such a spending limit from the Constitution that has allowed the federal government to engage in deficit spending, resulting in the record levels of debt that the taxpayers of the United States must now (or eventually) repay. As a result of this unprecedented and reckless federal spending, President Obama signed the second national debt extension of his presidency on February 12, 2010, increasing the ceiling on the debt from $12.4 trillion to $14.3 trillion. As of August 17, 2010, the United States national debt figure stands at $13.3 trillion.