In the upcoming elections, there's a Public Question on the Indiana ballot:
"Shall Article 10, Section 5 of the Constitution of the State of Indiana
be amended to require the General Assembly to adopt balanced budgets
for state government that do not exceed estimated revenues unless a
supermajority of two-thirds of the members of the House of
Representatives and two-thirds of the members of the Senate vote to
suspend the requirement?"
Hey, sounds pretty good, right? Sure -- except Art. 10, Sect. 5 currently reads:
"No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases: to meet casual deficits in the revenue; to pay the interest on the State Debt; to repel invasion, suppress insurrection, or, if hostilities be threatened, provide for the public defense."
It just says No. Unless there's fighting in the streets or it's a penny-ante loan, N O. There's no supermajority-sure-borrow-money exception.
We should keep it that way. Vote NO on the Public Question. Our Legislature had that kind of power once, and bankrupted the state.
BUILDING A 1:1 BALUN
3 months ago