The historic meeting of the Balanced Budget Compact Commission occurred on May 25, 2016 on Capitol Hill in Room 2247 Rayburn House Office Building, Washington, DC.
The Commission is the first interstate agency formed to represent the States in uniting to advance and ratify a federal Balanced Budget Amendment through a binding interstate agreement known as the “Compact for a Balanced Budget.”
Unlike any other federal Balanced Budget Amendment effort, the congressional resolution needed to activate the Balanced Budget Compact can be passed at any time with just simple majorities of each House of Congress. This gives Congress a uniquely plausible opportunity to partner with the States to fix the national debt.
The Compact Commissioners held their first full meeting in Washington, DC to bring the message of fiscal responsibility and fixing the debt directly to the source of the problem. Testimony was furnished by leading experts in law, economics and fiscal policy, including Compact for America National Spokesman Stephen Moore, Cato Institute Constitutional Scholar Ilya Shapiro, former Freedom Works Vice President of Policy Dean Clancy, best selling author and History Department Chairman at Western Connecticut State University Dr. Kevin Gutzman, and many others.
Evidence Received during May 25, 2016 Commission Inquest and Meeting