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To view this on the COS website, click here [[https://conventionofstates.com/news/imperative-for-a-balanced-budget|imperative-for-a-balanced-budget]]


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====== Imperative for a Balanced Budget ======



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|{{https://content.conventionofstates.com/cosaction-prod/public/content/images/98359/98359_original.jpg?144x74|The Informed Citizen}}With the national debt rapidly approaching $37 trillion, the conversation about fiscal responsibility in the United States is more crucial than ever. A balanced budget amendment—a requirement ensuring that Congress only spends what it collects—offers the only real potential solution to our financial challenges. This is where a Convention of States, as outlined in [[https://www.law.cornell.edu/constitution-conan/article-5/overview-of-article-v|Article V of the Constitution]], could have a significant impact.\\ \\ **The Fallacy of Self-Restraint in Congress**\\ \\ Historically, Congress has struggled with controlling spending. The temptation to fund projects and programs with borrowed money often overshadows the need for fiscal responsibility. Politicians, especially during election years, prioritize funding attractive initiatives over cautious budget management. For instance, according to the [[chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.cbo.gov/system/files/2023-02/58848-Outlook.pdf|Congressional Budget Office,]] federal spending jumped from $4.45 trillion in 2019 to $6.21 trillion in 2023. That is a 40 percent increase in four years.\\ \\ Every election cycle, we see North Carolina and their fellow state congressional representative leaders promising fiscal discipline. Yet, they repeatedly abandon these commitments when faced with the pressures of office. The reality is that current systems reward short-term thinking over prudent planning. Voter approval often hinges on government programs that are appealing but financed through debt rather than responsible budgeting.\\ \\ By initiating a Convention of States to propose a balanced budget amendment, we can establish a framework that holds lawmakers accountable. This change would not merely cut spending; it would shift the focus of governance to prioritize long-term economic stability.\\ \\ **The Reality of $37 Trillion Debt**\\ \\ {{https://content.conventionofstates.com/cosaction-prod/public/content/images/98360/98360_original.jpg?190x152|National Debt Chart}}The national debt's staggering total of $37 trillion is not just a number—it signals an impending crisis. The U.S. government spent [[https://www.investopedia.com/why-interest-payments-are-blowing-up-the-federal-budget-8712197|a record $1.2 trillion on interest payments]] in 2024, the highest amount ever recorded. Interest payments on this debt now consume over [[https://www.pgpf.org/article/interest-costs-on-the-national-debt-are-on-track-to-reach-a-record-high/|8% of the federal budget]], diverting funds from essential areas like infrastructure, education, and public safety. This pattern of fiscal irresponsibility compromises the future investment needed for growth and innovation.\\ \\ Our growing debt presents both a financial threat and a moral issue. We owe it to future generations to foster responsible stewardship. Ignoring the debt can lead to severe consequences, including economic collapse, reduced living standards, and diminished global standing, all of which are risks we face if we continue down this path.\\ \\ Moreover, a [[https://wolfstreet.com/2025/03/18/who-holds-the-ballooning-us-government-debt-even-as-the-fed-and-foreign-holders-unloaded-treasury-securities-in-q4/|significant portion of our debt is held by foreign entities]], increasing our vulnerability. Should confidence in U.S. bonds falter, North Carolina residents could face an economic crisis characterized by rising interest rates and declining job prospects. Such a scenario could erode savings and harm homeowners in North Carolina and across the nation.\\ \\ **The Limitations of Presidential Initiatives**\\ \\ {{https://content.conventionofstates.com/cosaction-prod/public/content/images/98361/98361_original.jpg?172x107|President Trump}}President Trump's efforts to cut costs highlighted the issues of federal spending, but his initiatives reveal a crucial limitation: they can only scratch the surface of a deeply ingrained problem. Legislative inaction undermines even the most promising proposals.\\ \\ While presidents can propose budgets and set financial priorities, lasting fiscal change is often impossible without the cooperation of Congress. Politicians frequently prioritize re-election over necessary reforms, creating a cycle of spending that undermines budgetary health.\\ \\ The path to real change lies in activating a Convention of States. This grassroots initiative can empower citizens to advocate for a balanced budget amendment, ensuring that Congress operates under stricter financial guidelines.\\ \\ **Why a Convention of States?**\\ \\ {{https://content.conventionofstates.com/cosaction-prod/public/content/images/98362/98362_original.jpg?182x109|Founding Fathers}}The Founding Fathers foresaw the need for checks on federal power, which is why they included Article V in the Constitution. This provision allows states to gather and propose amendments when Congress fails to act. With Congress unlikely to implement a balanced budget amendment independently, the call for a Convention of States becomes increasingly relevant.\\ \\ This strategy allows states to step in where federal legislators have stalled. [[https://conventionofstates.com/states-that-have-passed-the-convention-of-states-article-v-application|If 34 states unite to convene]], they can effectively address crucial issues like national debt without congressional interference. A balanced budget amendment from this convention would ensure Congress cannot overspend, holding lawmakers accountable for their financial decisions.\\ \\ **Moving Toward a Solution**\\ \\ {{https://content.conventionofstates.com/cosaction-prod/public/content/images/98363/98363_original.jpg?164x109|Advocating}}For a balanced budget amendment to succeed, grassroots support is essential. Citizens must engage with local and state officials to stress the importance of fiscal responsibility. People must understand the implications of ongoing financial mismanagement and the power they hold to demand change.\\ \\ Mobilizing for a Convention of States provides an effective means for citizens to advocate for a balanced budget amendment. This grassroots approach promotes awareness campaigns and coalition-building efforts that prioritize our nation's financial stability over political convenience.\\ \\ **Taking Action for Our Future**\\ \\ As the U.S. faces an overwhelming $37 trillion in national debt, the need for a balanced budget amendment has never been more apparent. Congress, lacking effective self-restraint, is unlikely to change its spending habits without external pressure. A Convention of States under Article V offers a viable solution for navigating a sustainable fiscal future.\\ \\ {{https://content.conventionofstates.com/cosaction-prod/public/content/images/98364/98364_original.jpg?117x78|Unity}}Together, we can demand accountability from our representatives and ensure responsible governance. It is time to take decisive action and establish a framework that compels Congress to adhere to a balanced budget.\\ \\ Let's unite to foster a financially secure future for generations to come by convening an Article V Convention of States.|


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|  __Page Metadata__  ||
|Login Required to view?  |No                  |
|Created:                 |2025-06-12 12:04 GMT|
|Updated:                 |2025-06-22 07:00 GMT|
|Published:               |2025-06-16 00:19 GMT|
|Converted:               |2025-11-11 12:05 GMT|
|Change Author:           |LeRoy Cossette      |
|Credit Author:           |                    |