Dear Honorable Dean Sanpei,
You are invited to participate in the Balanced Budget Amendment Task Force's weekly conference call for state legislators, legislative staff, non-profits, political activists, and the business community to discuss the Article V process and the movement for a federal balanced budget amendment. We have assembled the nation's best experts on the history of Article V and the Balanced Budget Amendment.
Join us this Friday at 4:00 E.S.T. by clicking on the following link: https://www3.gotomeeting.com/join/352710958 and entering the password: bba4usa or calling 786-358-5410 and entering the access code: 352-710-958.
Dr. Tim Kane Spoke at the BBA Summit & State Legislators Article V Kick-Off
Tim Kane, co-author of Balanced, presented his research findings to state legislators that concluded
"with a hard constraint on expenditure commitments (a.k.a.Balanced Budget Amendment)...The United States will be well poised for a rebirth of the kind of growth that propelled it to unrivaled economic power.."
California economist says real US debt $70 trillion
The federal government has been low-balling the public for years on how much debt it actually has, a University of California, San Diego economics professor says, adding that the real amount is $70 trillion - not $16.9 trillion.
James Hamilton's claim the United States is in a much deeper financial hole than many realize comes as Congress gets ready for another budget battle when lawmakers return in September. Both sides have been digging in on their policy positions over the debt, spending and the country's future fiscalhealth.
Hamilton believes the government is miscalculating what it owes by leaving out certain unfunded liabilities that include government loan guarantees, deposit insurance, and actions taken by the Federal Reserve as well as the cost of other government trust funds. Factoring in those figures brings the total amount the government owes to a staggering $70 trillion, he says.
Read more: http://www.foxnews.com/politics/2013/08/15/california-economist-says-real-us-debt-70-trillion-not-16-trillion-government/#ixzz2c2qhb5mV
Conference Call Agenda
4:00 - 4:05 Self Introductions
4:06 - 4:15 How State Legislators Can Sponsor a Balanced Budget Amendment Application
4:15 - 4:40 Discuss Results of BBA Summit & State Legislators' Article V Caucus Kick-Off
4:40 - 4:55 Updates from the BBA Task Force and Coalition Members
4:56 - 5:00 New Business
Balanced Budget Amendment Task Force