Applying to the Congress of the United States to call a convention under Article V of the United States Constitution for the limited purpose of proposing an amendment to the constitution to provide for a federal balanced budget.
The passage of HJR79 could have significant implications for the balance of power between state and federal governments. By invoking Article V, Texas seeks not only to hold the federal government accountable for its spending but also to establish legal parameters around fiscal policy at the national level. If successful, this could lead to constitutional amendments that would place strict limits on federal budgetary practices, fundamentally altering how fiscal policy is handled nationally and potentially restricting the federal government's ability to respond to financial emergencies.
HJR79 is a joint resolution from the Texas Legislature applying to the United States Congress to convene a convention under Article V of the United States Constitution. The limited purpose of this convention is to propose an amendment to the Constitution that would require federal appropriations in any fiscal year to not exceed total estimated federal revenue for that year, barring national emergencies. This resolution underscores a long-standing concern regarding federal spending and national debt management, echoing the actions of the Texas Legislature from 1977 when a similar request was made.
The sentiment surrounding HJR79 appears to be supportive among proponents who view it as a necessary step to curb federal overreach and promote fiscal responsibility. Legislators in favor of the resolution express a strong belief that a balanced budget is vital for ensuring the financial health of future generations. However, there are concerns among critics who argue that such an amendment could tie the hands of the federal government in times of crisis, limiting its ability to act swiftly in emergencies, thus reflecting a polarized view on government fiscal authority.
Notable points of contention around HJR79 include the debate on whether imposing a strict balanced budget requirement is feasible or practical for the federal government, especially during times of economic downturn. Some fear this amendment could exacerbate economic difficulties by preventing necessary government spending during crises. Additionally, there are worries about the potential for a 'convention of the states' to evolve into broader discussions on a variety of issues, which some legislators and advocacy groups see as a potential risk to federal authority and state sovereignty.