This Holiday Season Join the Compact for America Team!
As you know, the Revolution was fought in large part to stop taxation without representation. And yet, that is precisely what unlimited borrowing by the federal government imposes on future generations. Unlimited debt is unlimited taxation of the worst kind—both morally and politically. Unlimited borrowing capacity also inexorably leads to unlimited government because, when they have the backing of an unlimited credit card, no parchment barrier can stop the political class from promising whatever it takes to get elected.
That’s why Thomas Jefferson observed more than 200 years ago: “I wish it were possible to obtain a single amendment to our constitution; I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution. I mean an additional article taking from the federal government the power of borrowing.”
But it is one thing to spot a problem and quite another thing to solve it. Here’s where the Compact for a Balanced Budget fits in.
In essence, here’s how it works: An agreement among the states, called a “Compact,” would allow for 38 states to reach a binding agreement to propose and ratify our pre-drafted federal Balanced Budget Amendment. To set the amendment process in motion, the “Compact” needs only a single resolution to be passed in Congress with simple majorities (no presidential signature required).
Here’s why the Compact effort is deserving of your support:
Numerous prominent thinkers and statesmen, including George Will, Larry Reed, and Judge Napolitano, have endorsed the Compact!
The Compact approach to Article V also is the only approach that is designed to deliver a ratified constitutional amendment in as few as 12 months.
Watch this <3 minute video on the resource and time saving inherent in the Compact approach to Article V.
Numerous and growing numbers of public policy think tanks have joined Compact for America’s educational effort to advance the Compact for a Balanced Budget!
The Compact's federal Balanced Budget Amendment is already drafted and included in its agreement among the states, its policy merits can be verified as powerful and politically plausible. Based on a $50,000 nationwide poll, we know that all of its policy components command support at levels ranging between 81% and 61%.
The Compact Commission has been formed! Alaska Lt. Gov. Mead Treadwell (ret.) and Georgia Representative Paulette Rakestraw now lead this historic unifying interstate agency. It is a force multiplier never seen before in the State-originated amendment effort. The Commission gives member states a persistent institutional presence to marshal the effort and parley with Congress; the effort is not just a stack of paper shuffled by interest groups.
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Meet the Compact for America Educational Foundation team here.
Meet the Compact for America Action team here.
Get the latest fact sheets and policy reports here.
Donate to the Stop the Child Abuse/Fix the Debt campaign here.