September 5, 2019 | News Release
New Mexico’s U.S. House, second district candidate Yvette Herrell has pledged support for her constituents’ right to vote for a Balanced Budget Amendment. Whether an amendment is proposed by Congress or through a convention of the states, Ms. Herrell believes “The American People should be empowered by Congress to vote yes or no on the ratification of a BBA, as they were when Prohibition was repealed with the 21st Amendment in 1933.”
In her support of this issue, Ms. Herrell agrees with former Democratic Senate Majority Leader Harry Reid, who observed that “We are driving ourselves into bankruptcy. We’ve got to do something.” Her position also aligns with that of former Republican House Speaker Paul Ryan who believes ““if we get the [biggest national issue of] debt right, we will have a great 21st century.”
Specifically, Yvette Herrell has pledged to “support a congressionally proposed BBA that would prohibit total federal spending from increasing faster than inflation (up to 2%) plus population growth, with exceptions for Social Security and national emergencies.” Employment of a similar spending growth limit was projected by the CBO to result in the paying off of the national debt and the quadrupling of real GDP/capita from $40,000 to over $160,000 in 75 years.
Under the U.S. Constitution’s Article V, either two-thirds of both Houses of Congress may propose an amendment, or a convention of states for proposing amendments shall be called upon the application of two-thirds (34) of the states. According to constitutional scholar Robert Natelson, 33 of the necessary 34 applications for a single-subject BBA convention already exist.
Should Congress be unable to achieve the two-thirds vote necessary to propose a BBA and one additional state BBA Application be received, Ms. Herrell pledges support for the Let Us Vote for a Balanced Budget Amendment Resolution. The LUVBBA Resolution would 1) set the time and place for the states to meet and draft a BBA, 2) require ratification by state convention (a vote of the people) and 3) void any convention-proposed amendment unrelated to balancing the federal budget.
In a national survey of 8,671 registered voters, a bi-partisan 83% wanted “a vote of the people” to ratify a BBA. With her pledge, Yvette Herrell affirms her support of the right of New Mexicans and all Americans to vote for a Balanced Budget Amendment that could both prevent national bankruptcy and pass on the American Dream for generations.