U.S. Sen. Rand Paul, R-Ky, made a compelling case today in Frankfort for a convention of the states to amend the Constitution to require that the federal government do what 49 of the nation’s 50 states are required to do — balance their budget.
In a speech before the Kentucky Senate, Paul urged the commonwealth to assert its sovereign power and force Washington to reign in spending through holding a constitutional convention that would be limited to approving a federal constitutional amendment requiring a balanced budget.
“We are approaching the point where our total debt equals our total economy,” Paul said.
Opponents of the idea expressed fear that opening up the Constitution to a constitutional amendment would result in an out-of-control process that could threaten current liberties.
But Sen. Mike Wilson, R-Bowling Green, who introduced Paul on the floor of the Senate today said: “I would rather take my chances on a constitutional convention than on anarchy,” which he said could result from out-of-control debt and deficit spending.
Two-thirds of states would have to call for a convention before one was held, while three-fourths would have to ratify an amendment before it became embedded in the Constitution.
“I’m looking for the state legislature to be more assertive — to do what we can to step up and say: ‘the 10th Amendment means something,” Paul told the Senate.