NEW SMYRNA BEACH, Fla., March 4, 2012 /PRNewswire-USNewswire/ -- West Virginia State Delegate John Overington (District 55) introduced a resolution (HCR 91) and West Virginia State Senator Dave Sypolt (District 14) introduced a resolution (SCR 42) on February 24, 2012 that, if approved, would make West Virginia the 18th of 38 states needed to provide constitutional fiscal discipline for the federal government. Overington stated, "For over three decades Congress has been unwilling to address the issue while we rack up trillion dollar deficits that will bankrupt our country if not stopped. This bipartisan resolution has over 1/3 of the House and 1/4 of the Senate membership as co-sponsors."
Co-founder of the BBA Task Force and Economics Professor (Ret.), Dr. Barry Poulson noted, "Under current level of deficit spending, the Congressional Budget Office (C.B.O.) estimates in ten years the average household will be paying annual income taxes $10,000 + just for interest expense. The good news is that a strong BBA could, according to the C.B.O., pay off the debt, quadruple family incomes and allow for a 30% across the board tax cut by 2083."
Pete Sepp, Co-founder and Executive VP of National Taxpayers Union, added, "Late last year Congress refused to propose a BBA or any other long-term solution to the debt problem. Washington's irresponsible deficit spending must be brought under control... and can be if Georgia acts with other states on behalf of constitutional taxpayer protections."
David Biddulph, Co-founder stated, "We are thrilled that the West Virginia Legislature could be a leader among the 38 states needed to pass a BBA that would Constitutionally end our nation's $2 million dollar a minute deficit addiction that has resulted in passing a $16,000,000,000,000 + debt nightmare to our children."
"Our founders gave the states in Article V of our Constitution a powerful mechanism to restrain the federal government if it should abuse or exceed its limited delegated authority. Over 70% (CNN Poll) of Americans want a BBA and 38 states have the power to draft and approve one," said Co-founder Robert Thorpe.
The Balanced Budget Amendment Task Force is a non-profit, non-partisan organization whose mission is to educate state legislators on their Constitutional power to propose and ratify a Balanced Budget Amendment to the U.S. Constitution that aims to quadruple family income and pay off the debt within four generations.
To learn more about our campaign in West Virginia for a balanced budget amendment, visit us at http://www.bba4usa.org/West_Virginia.html and Twitter at BBA4USA.
www.BBA4USA.org
SOURCE Balanced Budget Amendment Task Force: www.BBA4USA.org
