Alaska House Acts to Keep America from Fiscal Cliff
HB 284 amends Constitution of the United States with a Balanced Budget Amendment
Wednesday, March 19, 2014, Juneau, Alaska – The Alaska House of Representatives today passed House Bill 284, which proposes an interstate compact to amend the Constitution of the United States with a Balanced Budget Amendment via the Constitution’s Article V process.
“America is on an unsustainable fiscal path,” Keller, R-Wasilla, and the bill’s sponsor, said. “The national debt is pushing $18 trillion and our debt-to-GDP ratio is well past levels considered to be healthy for long term economic growth and stability.
“This bill is targeted, focused and contains the necessary legal safeguards to prevent political deceit as Alaska embarks with other states to reclaim its constitutional role in reestablishing clear and limited powers for the federal government,” Keller said. “By passing HB 284, we are making the hard decisions about our financial future now rather than placing that burden on generations to come.”
HB 284 only permits consideration of a single constitutional amendment and contains the necessary procedural safeguards to ensure member states strictly follow the Compact’s provisions for engaging the Article V process.
HB 284 passed the House on a vote of 22-12 and now moves to the Alaska Senate for consideration.