The failure of both political parties to balance the federal budget for the last forty years has placed a
huge burden of debt on generations yet unborn or too young to vote. The interest payments alone
will severely limit the opportunities of future generations. We would do well to remember that
"taxation without representation" was the driving force behind the American revolution.
The law I am proposing will require the Congress to implement a balanced budget and begin
repaying the debt. It limits spending to the amount they are willing and/or able to collect.
A. Congress will approve a budget and set the tax rate to cover the expected expenditures
established. Only actual receipts collected in the current fiscal receipts year or
budgeted, the lowest priority items will not be funded. An amount equal to 2% of the
A. The states will be asked to approve this law as a constitutional amendment.
A. This will bring spending under control. Congress will be forced to weigh the negatives
revenue raising against the benefits they accrue from spending.
B. Forces Congress to prioritize spending.
C. Does not limit the amount Congress can spend.
D. Offers an out for Congressmen in that they can insert a pork project but claim "insufficient
funds" when it is too low a priority to be funded. The American people
understand the issue
of not spending when there is no more money.