Senator Mike Green and seven co-sponsors have introduced SB306-the Compact for a Balanced Budget!

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.

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

  2. If you want a strong national defense, you should support the Compact.

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

  4. If you want to help prevent massive tax hikes, 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.