This report discusses fiscal 2015, the most recent year for which data is available, in which local debt outstanding, or the amount of unpaid principal on debt owed by Texas’ political subdivisions, grew to an estimated $212.4 billion, “an increase of $20.09 billion (10.4 percent) over the past several years” (Texas Bond Review Board, 2). To help rein in the growth of local government debt, state legislators should require political subdivisions to provide voters with more information at the ballot box for each new debt proposition.
Reining in Federal Spending Through an Article V Convention of States
People often talk about the federal government as if it is set in a bubble removed from time and space, existing outside of the influence of the people. It is often forgotten that this government is made up of people selected from the public and that its authority is derived only from the consent of...