The bill is filed as HB379 and Representative Ed Henry is leading the charge.

What is happening next.

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  • The Compact is a solemn agreement among the States to advance, propose and ratify a federal Balanced Budget Amendment in as few as twelve months.

 

  • The Compact’s federal Balanced Budget Amendment limits wasteful spending and excessive future taxes by limiting the borrowing capacity of the federal government.

 

  • The Compact’s main advantages over all other efforts that seek to advance a federal Balanced Budget Amendment are certainty, safety and speed as shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • By pre-committing 38 states and simple majorities of Congress to everything involved in the amendment process, including the text of the amendment to be proposed, the Compact for a Balanced Budget delivers unmatched certainty.

 

  • By including multiple safeguards that act as redundant “kill-switches” for any convention that might try to “runaway” and make rogue amendment proposals, the Compact for a Balanced Budget furnishes unmatched safety.

 

  • By consolidating into one bill everything the states do in the amendment-by-convention process and everything Congress does into one resolution, the Compact for a Balanced Budget promises unmatched speed.

Alabama Compact for America Initiative

Join the cutting-edge effort to fix the national debt in as few as twelve months with a Balanced Budget Amendment you can read here right now!
What is the Compact for a Balanced Budget.

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Travel to the next hearing and sign-in to testify in support of the Compact; directions are here.

 

  • Obtain contact information for your state legislator and congressional delegate here.

 

  • Get fact sheets to share with your neighbors, friends, congressmen and state legislators about the Compact for a Balanced Budget here; use them to craft opinion pieces and social media postings.

 

  • Learn more at the Compact for America Educational Foundation's Blog Site here.

 

 

 

 

 

What you can do to help.

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Why the Compact for a Balanced Budget matters to Alabama.
  1. If you want a strong national defense, you should support the Compact.

  2. If you want fiscal stability -- and reliable budgeting -- you should support the Compact.

  3. If you want to help prevent massive tax hikes, you should support the Compact.

  4. If you want to save Medicaid, Social Security, and Medicare, you should support the Compact.

 

  • The federal government is quite literally borrowing money to pay interest on borrowed money -- and is projected to spend even more with borrowed money.

 

  • According to the Pew Research Center, our gross national debt has been holding at over 100% of GDP, the same level that triggered financial panic over Greece’s borrowing in 2007.

 

  • If interest rates return to historical levels, increasing our annual interest payments from more than $400 billion to more than $800 billion annually, we could face a calamitous situation. Good programs will be cut along with bad. With the boomer generation heading into full retirement, Social Security, Medicare and Medicaid will be at risk.

 

  • Erskine Bowles, chief of staff for former President Bill Clinton, puts it best: “I’m really worried. … We are going over the cliff. … If we don’t come together we face the most predictable economic crisis in history.”

 

  • The national debt is a growing $18 trillion dollar problem we need to fix, regardless of party. The Compact for a Balanced Budget can help protect your state's budget from the draconian cuts that could occur if the federal government does not get its fiscal house in order.