Senate Committee Approves Resolution Asking for Convention on Balanced Budget Amendment
A resolution urging Congress to call a constitutional convention to consider a balanced budget amendment has cleared a Kentucky Senate committee.The Senate State and Local Government committee, at the urging of U.S. Senator Rand Paul, voted 7-3 for the resolution.“If we continue upon this path of spending, within a decade, the entire budget will be consumed by entitlements and interest," Paul told the committee. "That means no money for roads. No money for education. No money for national defense. Entitlements and interest will consume the entire budget if we do nothing. We are on a path to fiscal ruin.”In order to force Congress to act, two-thirds of the nation’s state legislatures would need to pass similar resolutions. A Senate floor vote on the resolution is expected later today, after Senator Paul addresses the chamber.