Will a Balanced Budget Amendment Solve Our Debt Crisis?
by Jon Caldara | 2:22 pm, August 19, 2010 | 1 Comment
Is a balanced budget amendment to the U.S. Constitution the solution to out of control federal spending? Check out this week’s Devil’s Advocate as Colorado Congressman Mike Coffman and Independence Institute Senior Fellow Fred Holden join me to debate the potential merits, and pitfalls, of amending the Constitution to require a balanced federal budget. That’s Friday, August 20 at 8:30 PM on Colorado Public Television 12. Re-broadcast the following Monday at 1:30 PM.
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August 21st, 2010 @ 5:34 pm
Amending the Constitution seems like a straightforward deal, but as it turns out it’s tricky. And unlikely. Of 10,980 proposals, 27 made it through to ratification.
“In the period beginning with the First Congress, through September 30, 1997 (105th
Congress, 1st Session), a total of 10,980 proposals had been introduced to amend the
Constitution. Thirty-three of these were proposed by Congress to the states, and 27
have been ratified. Excluding the 27th Amendment (Congressional Pay), which took
more than 202 years, the longest pending proposed amendment that was successfully
ratified was the 22nd Amendment (Presidential Tenure), which took three years, nine
months, and four days. The 26th Amendment (18-year-old vote) was ratified in the
shortest time: three months and 10 days. The average ratification time was one year,
eight months, and seven days.”
http://www.au.af.mil/au/awc/awcgate/crs/97-922.pdf