Balanced Budget Amendment

The need for this amendment was probably best laid out by Rep. Tom Perriello (D-VA) on March 16, 2010 when he said, "The only way to get Congress to balance the budget is to give them no choice. The only way to keep them out of the cookie jar is to give them no choice. Which is why, whether its balanced budget acts or pay as you go legislation or any of that -- it's the only thing. IF YOU DON'T TIE OUR HANDS, WE'LL KEEP STEALING." 

We believe that the best way to "tie their hands" is with a balanced budget amendment (BBA). 

We at Americans for a Balanced Budget Amendment are supportive of other groups which are also promoting passage of this amendment. Among these, the Balanced Budget Amendment Taskforcehttp://bba4usa.org is pursuing passage of this amendment via the ArticleV constitutional convention route, allowing bypass of our recalcitrant Congress. Their constitutional scholars have sample legislation which the states can use to virtually eliminate any possibility of a "runaway convention." We at ABBA support the efforts of the BBA Taskforce since winning a war often requires fighting on multiple fronts.

Balanced Budget Amendment Task Force 

Heading into 2016, we have 27 of the 34 state applications required to call an Article V Convention to propose a balanced budget amendment! With your help we can attain the final 7 necessary to reach 34 by July 4th, 2016! 

DYI Comments:  With a last minute push the Balanced Budget Amendment Task Force could have this amendment front and center for the Presidential elections providing an even more engaging election.

If passed this would end our chronic deficits that emits endless credit with a portion being paid by the Fed's digital money printing.  Hence inflation; making it far more difficult for the average person to get ahead financially.  This would put us squarely in the direction of honest money.

I'm going to watch this carefully and will provide updates.  

DYI