Posted 10 days ago
Following the release of President Joe Biden’s budget proposal, House Budget Committee Chairman Rep. Jodey Arrington, R- Texas, is proposing a means for voters to have a say about rising debt and soaring inflation.
Arrington introduced a resolution calling for an Article V convention of states. More than the required two-thirds of states previously called for either a fiscal responsibility amendment or a balanced budget amendment in the 1970s. Arrington’s legislation says, Congress "appears to have failed in its constitutional duty to count applications and call a ‘convention for proposing amendments.’" He introduced a similar measure last year, but now Republicans hold the majority in the House.
David M. Walker, former U. S. comptroller general under Presidents Bill Clinton and George W. Bush, was set to testify in favor of a convention in the House Budget Committee in March.
"We have to close the gap between revenue and expenditures," Walker told Fox News Digital. "We’ve got to stabilize the patient, stop the bleeding and then cure the disease."
The disease Walker is referring to is the national debt, which stands at $31.6 trillion. The federal deficit is $460.1 billion. Arrington’s resolution notes the national debt in 1979 was $860 billion and the value of the dollar has declined by about 75% since that time.
As comptroller general, Walker ran the Government Accountability Office, a federal watchdog agency that monitors waste and fraud. He is a co-founder and board member of the Federal Fiscal Sustainability Foundation, which supports the Arrington proposal to bring the matter to the voters.
The foundation contends Congress has only a ceremonial role in approving an Article V convention since the 40 states have already approved it, and the Constitution says Congress "shall" call a convention if two-thirds of the states call for it.
House Republicans contend that Biden’s $73 trillion spending plan marks a 66% increase in spending for the next 10 years, and another $16 trillion in public debt with more than $1 trillion in deficits every year for the next 10 years.
Arrington’s resolution calls for Congress to set the time and place for an Article V "Convention for proposing Amendments" and requires amendment ratification by a vote of the people in "three fourths (38) of the States via State Ratifying Conventions."
The resolution also designates the House clerk as responsible for confirming from congressional records whether, at any time, "at least two-thirds (34) of the states ‘had unrescinded continuing Applications on any national issues (plenary) plus the single issue of fiscal responsibility.’"
The Fiscal Sustainability Foundation is communicating with governors and state attorneys general about possible litigation to force Congress to act, Walker said. But he said he’s not ready to name them yet.
Walker conceded this is not likely to pass Congress this year, but it will gain momentum for addressing the country’s fiscal woes.
"Congress doesn’t want this to happen. This will increase the light," Walker said. "With light comes heat and with heat comes action."
In 1979, a total of 39 states had approved measures calling for a convention of the states, or an Article V convention to pass either a balanced budget amendment, which would prevent expenditures from outpacing revenue, or a fiscal responsibility amendment, which would hold federal spending to a certain percentage of the GDP. That is more than the two-thirds, or 34 states, required. However, Congress took no action.... (Read more)