"Furthermore, the balanced budget amendment does nothing to control federal spending; and transforms our Constitution from one of limited and defined powers to one of general and unlimited powers. 1
"Yet this monstrosity is pending in Michigan as SB 306 2 and in North Carolina as HB 366. 3 Legislators in four States, Alaska, Georgia, Mississippi and North Dakota, have already passed it.
Let’s look at Sections 1-6 of Compact for America’s balanced budget amendment:
"Section 1 allows Congress to spend as much as they take from us in taxes and add to the national debt. That’s a good idea?
"Sections 2 and 3 permit Congress to raise the debt whenever 26 States agree. States are addicted to federal funds. Will 25 States agree not to take more federal funds?" . . .
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