Earlier this month, I wrote about the Compact for America, an elegant mechanism for limiting out-of-control federal spending through a Balanced Budget Amendment to the Constitution that would be advanced via an interstate compact.
Well, already there’s progress on that front. This past Monday, the CFA passed the Arizona House Committee on Federalism and Fiscal Responsibility. The full state house will now be taking up this important legislation.
I should note that the prime sponsor of the bill is former Cato intern who’s now a state representative (and my friend), Adam Kwasman. Glad to see that our internship program is paying dividends with the future leaders of constitutional liberty.
Let’s hope the momentum continues and that the CFA gains traction in other states, putting on Congress to call a constitutional convention or pass its own Balanced Budget Amendment.