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Proposed Budget Amendment Passes KY Senate Committee

By Tony McVeigh

Frankfort, KY – A resolution urging Congress to call a constitutional convention to consider a balanced budget amendment has cleared a Kentucky Senate committee. The Senate State and Local Government committee, at the urging of US Senator Rand Paul, voted 7-3 for the resolution.

"If we continue upon this path of spending, within a decade, the entire budget will be consumed by entitlements and interest. That means no money for roads. No money for education. No money for national defense. Entitlements and interest will consume the entire budget if we do nothing. We are on a path to fiscal ruin."

The measure later cleared the Senate 22-16, with Republican Sen. Julie Denton of Louisville joining the chamber's 15 Democrats in opposition. The bill now moves to the Democratic-controlled House, where it has little chance of passage.