Over the last century, America has prospered and maintained the peace worldwide due to the military might unleashed by the vast wealth generated by her economic system. Tragically, both have been imperiled by a threat of our own making — the U.S. national debt.

To confront this danger early on, California Governor Ronald Reagan took up the torch as leader of the national campaign for a Balanced Budget Amendment (BBA) in 1975. That was a time in which our debt was just $533 billion — less than half the amount we paid just to service the debt in 2025.

In his quest to amend the Constitution, Reagan was faced with long odds. First off, proposing an amendment requires a two-thirds vote of Congress, or alternately, two-thirds of the state legislatures (34) must call a convention to or propose

See Full Page