Thursday, November 21, 2013

Ohio Legislature Leads Nation Toward a U.S. Balanced Budget Amendment

From the Balanced Budget Task Force

LEESBURG, Virginia (November 20, 2013) - Today, the Ohio General Assembly answered Governor John Kasich's call to action by passing a resolution, with bipartisan support, demanding that Congress set the time and place for a Convention of the States to draft a balanced budget amendment to the U.S. Constitution.

Article V of the Constitution provides both Congress and the states with equal authority to propose an amendment. Under Article V. of the U.S. Constitution thirty-four states need to pass a similar resolution to initiate a convention for the sole purpose of drafting a balanced budget amendment.

The total U.S. debt has increased every year since 1957. Now, only 12 countries out of world's 196 have a higher debt to G.D.P. ratio than does the U.S. (102%). Among these are Greece - 157%, Zimbabwe-151%, Jamaica-146%, Italy-127% and Portugal -124%.

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."

Read more here.

1 comment:

  1. I want to know why Deadbeat State Senator, Eric Kearney has his house at 3 Lenox Ln. owned by his law partner, Don Rafferty, as "trustee" so that the IRS can't get their hands on it to satisfy his tax liens.



We follow the "living room" rule. Exhibit the same courtesy you would show guests in your home.