The latest Treasury report is in, and it doesn’t look good for the American people.
According to the report, Washington collected $3.27 trillion dollars in taxes in fiscal year 2016 and still managed to run a $587 billion deficit. This marks over 14 straight years of deficit spending going all the way back to 2002.
Opponents to a balanced budget amendment and other fiscal reforms often say that such reforms would keep the United States from necessary deficit spending in times of crisis. But where is the crisis today? Why are the feds increasing the burden on our children and grandchildren when we’re no longer in a recession or at war?
Here’s the truth: the federal government will continue to spend our money as long as we let them. The Supreme Court has given them a blank check, and they’ll use their power to gain influence and votes until they’ve spent this country into the ground.
An Article V Convention of States can reverse the ship. A Convention of States is controlled entirely by the people and the states, which means it doesn’t need the approval of Congress, the President, or the Supreme Court. Delegates to the Convention will have the constitutional authority to propose amendments to the Constitution that force the feds to be fiscally responsible.
These amendments can impose a balanced budget requirement, tax caps, and spending cuts. Ultimately, these amendments can be designed to ease the burden on future generations who will have to pay for this generation’s reckless spending. Fiscal reforms can happen, but we must call a Convention of States before it’s too late.