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Michigan House Wants Federal Goverment to Have Balanced Budget

 
Michigan House Wants Federal Goverment to Have Balanced Budget
Posted Friday, March 21st 2014 @ 4am  by Michigan Radio Network

The Michigan House yesterday passed a resolution calling for a national constitutional convention, specifically to mandate that the federal government balance it's budget.

The resolution calls for delegates to be chosen to assist 33 other states in drafting an amendment that would require, in the absence of a national emergency, that Congressional spending not exceed the total of all estimated federal revenues for that fiscal year.

Governor Rick Snyder endorsed this proposed resolution during his State of the State address. Sponsors say since Michigan must constitutionally abide by a balanced budget requirement, so should the federal government, especially since the federal debt has grown to such huge proportions after being nearly balanced as recently as he 1990's.

The U-S Constitution says that two-thirds of the states can petition Congress to convene a convention, something that has never happened.

So far, 20 states have approved resolutions to do so. If a convention is called, then 38 states are needed to ratify any amendment.

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