Balanced Budget Amendment?

When I was younger and just becoming political aware, I was against the idea of a Balanced Budget Amendment to the US Constitution. After all, congress can balance the budget when they need to….or so I thought.

Since then, I have come to realize that congress has acted irresponsibly during my entire adulthood. It can not be trusted to balance the budget. It has not the skill. It has not the wisdom. It has not the will. Bottom line: Congress is filled with Assholes beholden to public choice economic effects.

As Americans, we should not continue to reply upon a broken system to get the results we want  after decades of failure.

It is time for a Balanced Budget Amendment to the US Constitution.

Here is the outlines of a possible version from Orrin Hatch:

  1. Its mandates that total budgetary outlays for any fiscal year not exceed total revenues unless you have a two thirds vote to overturn it.
  2. It caps federal spending at 20% of GDP.
  3. It requires the President to submit a balanced budget to Congress every fiscal year.
  4. It prohibits revenue raising measures (like increasing taxes) that are not approved by two thirds of both the House and Senate.
  5. Provisions can be waived if there is a formal declaration of war or if the US is engaged in a military conflict constituting a threat to national security or if two thirds of both the House and the Senate approve.

The above works for me.

The time is now for this sort of thing!

Come on Tea-Partyers, make this happen!!! Demand pledges from candidates for this any other related measures!!!

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