Welcome!

News Feed Item

OK Legislators To Vote On Plan for States to Safely Draft the American-Dream-Preserving U.S. Balanced Budget Amendment

LEESBURG, Va., Feb. 10, 2013 /PRNewswire-USNewswire/ -- The Oklahoma Legislature will be voting shortly on two pieces of legislation that, if approved, could lead to an American-Dream-Preserving U.S. Balanced Budget Amendment without risking a "Runaway Convention."  Representative Banz will be asking OK state legislators to approve HJR 1060, a Balanced Budget Amendment Convention Application and HB 1530, the Delegate Limitation Act (a.k.a. "No Runaway Convention Act").

Representative Banz stated, "Our nation's $16.5 trillion debt in dollar bills is a quarter mile wide, stretches to the moon and is growing 60 miles per day. I believe Oklahomans will strongly support a balanced budget amendment for the federal government for the following reason: no generation should bury the American Dream under a mountain of debt for its children and grandchildren."

Representative Banz added, "The states are authorized but have never proposed an amendment to the U.S. Constitution out of fear that an Article V 'Convention to propose amendments' could 'runaway' and make unwanted Constitutional changes. My bill, HB 1530, ends that 'fear' by recalling, replacing, nullifying the vote of and providing criminal charges for any delegate who violates their oath and tries to instigate a 'runaway' Convention."

David Biddulph, Co-founder of the Balanced Budget Amendment Task Force added, "Oklahoma could safely lead the country away from being a Greek tragedy to restoring the American Dream by being the first state in the nation to pass the 'No Runaway Convention Act' and 'Balanced Budget Amendment Application'."

Article V of the U.S. Constitution includes a never used provision for two-thirds (34) of the states to apply to Congress for a "Convention for proposing amendments." In the 1980-1990's 32 states of the required 34 had applied for a balanced budget amendment convention.  Since then, over 15 state legislatures, including Oklahoma, have rescinded their balanced budget amendment applications out of "fear" that the convention could not be limited to one subject.

Congress has repeatedly voted against sending a balanced budget amendment to the states or the people for ratification. Instead they have increased the nation's debt every year since the 1950s. The Congressional Budget Office recently estimated that in ten years, under current law, the United States would be $26 trillion in debt versus $16 trillion today and the interest on the debt alone would be $857 billion or about $10,000 per income tax paying household.

The Balanced Budget Amendment Task Force, a non-profit, grassroots coalition, is campaigning nationally to secure balanced budget amendment applications and "No Runaway Convention Acts" in the 34 states needed to safely and constitutionally mandate that the federal government live within its means.

SOURCE: Balanced Budget Amendment Task Force:  www.BBA4USA.org

Contact: 

Scott Rogers, Executive Director


Cell: 904-521-6690 Email: [email protected]

SOURCE Balanced Budget Amendment Task Force

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).