LANSING, Mich. — In a fitting tribute to Constitution Day, the state Senate on Thursday approved Senate Bill 306, sponsored by Sen. Mike Green, which would enact the Compact for a Balanced Budget in an effort to create a federal balanced budget amendment (BBA).
“We are digging a hole that will soon be impossible to get out of,” said Green, R-Mayville. “The debt we are leaving our children is shameful. The federal government needs to take control of this situation, and a balanced budget amendment from the states will force them to do so.”
SB 306 would enter Michigan into an interstate compact to petition Congress to take the necessary steps toward passing a BBA to the U.S. Constitution. Once 38 states — three-fourths of the state legislatures — join the compact, they will then petition Congress to refer the BBA vote to the states for ratification by a three-fourths vote under Article V of the United States Constitution.
Legislation has already passed in four states and is pending in three more.
“I have always been an advocate of ‘state’s rights’ and I believe the state legislatures need to show the leadership that is delegated to them in Article V and force Washington to address this issue,” Green said. “Governments at all levels should have an annually balanced budget. We do it here in Michigan and families across the nation do the same to live within their means, and it’s time Washington does the same.”
SB 306 will now go before the House for consideration.