Ben Homeyer, state director of the National Federation of Independent Business, released the following statement today concerning Senate Bill 30, legislation supporting a federal balanced budget amendment. It will be discussed by the Senate Judiciary Committee at 3 p.m. Tuesday:
“Congress needs to learn a lesson from the small business playbook: You have to stick to a budget.
“Congress seems to think if you want to spend more money, you either raise everybody’s taxes or borrow the money and go deeper and deeper into debt and let the grandkids worry about it.
“That has to stop.
“That’s why NFIB/South Carolina supports this legislation, which authorizes state delegates to attend a limited convention of the states, as authorized by Article V of the U.S. Constitution, solely for the purpose of proposing a federal balanced budget amendment.
“Thirty-four states must authorize such a convention. Twenty-six have done so already; 38 states would have to approve any agreed-upon language in order to ratify the amendment and change the U.S. Constitution.
“Senate Bill 30 is a critical step toward solving our nation’s budget problems. If small-business owners in South Carolina can stick to a budget, so can Congress.”
NFIB/South Carolina is the state’s leading small-business association with about 4,000 dues-paying members representing a cross section of the state’s economy. Learn more at www.NFIB.com/SC or follow @NFIB_SC on Twitter.
