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During the 1970s and 1980s, America saw a growing federal deficit that caused states to react. North Carolina rewrote its constitution in 1971, and as part of that constitution the state is required to pass a 'balanced budget.' More specifically, the state's total expenditures cannot exceed its...
Published: Friday, January 30th, 2015 @ 8:28 am
By: John Locke Foundation
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The United States could have a constitutional balanced budget amendment within a year, if enough states back a process spelled out by the group Compact for America.
Published: Thursday, December 18th, 2014 @ 7:04 pm
By: John Locke Foundation
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More than 30 members of the North Carolina House of Representatives filed House Joint Resolution 126 last week asking Washington for a federal amendment to the U.S. Constitution to require a balanced budget. Forty-nine of our fifty states have some sort of balanced budget or debt limit...
Published: Thursday, February 28th, 2013 @ 4:32 pm
By: John Locke Foundation
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