The current U.S. national debt is over $18 trillion, which means that every single American citizen’s share of the national debt is more than $56,000. This year the federal government will borrow 40 cents of every dollar it spends. The yearly budget deficit now exceeds $1 trillion while the national debt exceeds $18 trillion. Washington has not meaningfully reduced spending, regardless of which political party has been in control. Instead, Washington’s answer to these problems has been to simply ignore them by taking more of your money through taxation, raising the debt ceiling, and printing more money – instead of cutting back on the runaway spending and reducing the size of the government. This current path is unsustainable and must be reversed with policies that help us repair the damage and create a debt free future so that our children and grandchildren see greater opportunities ahead.
The solution is getting Washington’s spending under control. A simple solution to move toward a debt free future is the Penny Plan. Cutting federal spending by just 1 percent every year for the next ten years will cut more than $4.5 trillion from the debt. This means cutting just 1 penny out of every dollar the government spends each year. Requiring the government to spend one percent less next year than it does this year is a good way to get control of federal spending and finally begin reducing the debt. Ultimately, we need to make these changes permanent. To do that we must pass and ratify a balanced budget amendment to the Constitution which forces spending cuts if Congress fails to maintain a balanced budget once it is achieved.
ConventionofStates.com is the leading way to resolve this issue. Most recently, Wisconsin passed the resolution that is before 49 of the 50 states to reign in DC. Here is the video of testimony there. Many conservatives have heard this is dangerous; one took the time to investigate it. He is now the world's expert on State Conventions and fully supportive since no real threat exists except to not proceed with a convention to amend the constitution to restore our constitutionally limited checks and balances government. He's written a book, but this video is a nice summary that addresses the key issues which have not changed for years. https://conventionofstates.com/news/rob-natelson-at-article-v-symposium. The process will be as valuable as the result since it will unprecedentally over years educate and awaken We The People to our authority and responsiblity in the United States of America to ratify any changes rather than simple judicial activism that has interferred in our lives so much.