Tag Archives: National Debt Relief Amendment
Historic anti-debt amendment finds sponsor in Congress
Yesterday, Arizona Representative David Schweikert introduced the National Debt Relief Amendment for consideration by the U.S. Congress. The NDRA, if recommended by two-thirds of each chamber and ratified by three-quarters of the states, would take away federal authority to increase the debt limit without approval from a majority of the state legislatures. The proposed amendment ofContinue Reading
The NDRA is on its way—the National Debt Relief Amendment, that is.
Following the latest American Legislative Exchange Council gathering in Scottsdale, Arizona, the National Debt Relief Amendment (which I’ve promoted before on the Locker Room) now has seven new states with committed legislative sponsors: Alaska, Colorado, Georgia, Mississippi, New Hampshire, South Carolina, and Wyoming. That brings the total to 19 states pending introduction or passage, readyContinue Reading
Interview: What now after “super” committee impasse?
Rick and Donna Martinez of WPTF had me on this morning, as they and their callers sought to grapple with the super-committee announcement. The non-outcome typifies a fiscally impotent and irresponsible congress, and it provided worthy grounds for discussion. Click below to listen—nine minutes (MP3). I touched on a few themes from recent blog posts:Continue Reading
Supercommittee on verge of failure: Time for a new approach
From MarketWatch: The U.S. congressional committee assigned to draft a plan for cutting $1.2 trillion from the nation’s deficit over 10 years is expected to announce Monday that it has failed, according to media reports Sunday. Is anyone surprised? State Sen. Curtis Olafson (R—Edinburg, N.D.) has just shared these comments, which capture my sentiments precisely: HowContinue Reading
Conference on the Constitutional Convention
Harvard University Law School recently held an historic conference, one where the participants debated and projected the growing prospect of an “amendments” or “constitutional” convention. Article V grants state legislatures authority equal to that of congress to propose amendments to the United States Constitution, by way of a convention, but the states have yet to utilizeContinue Reading
Ferg on Free Markets with Mike Beitler: Article V, Occupy Wall Street, and Immigration Trends
This week, Mike Beitler of Voice America Business invited me on for an examination of Article V and the National Debt Relief Amendment, the Occupy Wall Street protests (with Greece as a parallel), and the reality of immigration policy. Mike is a host (alongside his teaching and business consulting) I’ve grown to respect over theContinue Reading
Laying Article V fears to rest
Unfortunately, federal legislators continue to give bipartisan support to deficit spending. This is predictable, since they use the debt-enabled money to buy votes and extend their power into state activity. Unlike 49 of the 50 states, these officials do not face a constitutional barrier to deficit spending–and that is in spite of strong public support forContinue Reading
Historic tactic against federal debt crisis gains further support
In the past two weeks, the National Debt Relief Amendment (NDRA)–what would be the first state-initiated amendment since original ratification–has attracted new legislative sponsors in four states: Montana, Ohio, Texas, and Wisconsin. The resolution, which I have promoted both in The American Conservative and with the Pelican Institute, calls for a limited amendments convention toContinue Reading