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New Constitutional Amendment #28
Despite protestations to the contrary, Congress has been unable to control it's spending of taxpayer dollars. Several states have balanced budget amendments to their Constitutions and most have been successful in controlling their spending.
It is time for the federal government to spend only what it brings in and the best way to ensure this happens is to pass an Amendment to the U.S. Constitution that mandates a balanced budget.
The following is a proposed draft of the amendment.
The Congress of the United States shall propose, nor pass into law, a budget that exceeds the the gross amount of monies received for the entire previous fiscal year.
In case of declared war that has been voted on by both houses of the U.S. Congress, the budget limit may be exceeded for a period of one year.
In other instances, by an affirmative vote by 2/3's of each house of the U.S. Congress the budget limit may be exceeded for a period of one year. But in no instance may be exceeded form more than 2 consecutive years.
The Congress of the United States will make provisions in each budget to pay down the national debt by a minimum of 2% until the deficit is eliminated.