U.S. Congressman Paul A. Gosar, economics homework help

Please respond to the answer by giving some feedback and analysis in 1.5 to 2 paragraphs.

The News Article I pick for this weeks discussion is by U.S. Congressman Paul A. Gosar, Representative of the 4th district of Arizona. This article points out the 18 trillion dollar debt that America is currently running. Congressman Gosar has introduced a compact to balance the U.S budget and control spending by empowerment of the states to stop the spending habits . when they get out of hand. He points out in his article:

-The federal government has racked up a staggering $18 trillion plus debt and has surpassed our own annual gross domestic product. This insurmountable burden is already shackling future generations and will continue to do so until we demonstrate real leadership and take bold action to put an end to this irresponsible(Gosar 2015).

-In the past, members of Congress have introduced a variety of Balanced Budget Amendments, but there is not enough agreement in Washington to make those important efforts a reality.

-He states that America’s need to utilize an innovative approach to our budgetary challenges that does not require the president’s signature.

-When Washington fails to stop out-of-control spending, the Constitution empowers the states to act, by using an agreement among the states called an ‘interstate compact,

Summary of the Compact

-The Compact for a Balanced Budget treats our nation’s spending problem as the constitutional crisis it is and advances a powerful Balanced Budget Amendment.

-The Compact for a Balanced Budget consolidates everything Congress and the states do into two overarching pieces of legislation—one congressional resolution and one interstate compact joined by thirty-eight states.

-An interstate compact is the proper vehicle to advance this effort as it transforms the otherwise cumbersome state-initiated amendment process into a ‘turn-key’ operation. The Compact empowers states and streamlines the actions necessary so all elements can be passed nationwide in a single session.

-The Compact does require congressional consent to work, but such consent is achieved by simple majority passage of a resolution, which consolidates everything Congress must do in the Article V process into a single bill that includes the necessary safeguards.

Reference:

Gosar P(March 19, 2015)Rep. Gosar Introduces the Compact for a Balanced Budget Amendment retrieved December 6, 2016 from http://gosar.house.gov/press-release/rep-gosar-introduces-compact-balanced-budget-amendment

 
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