(As promised (threatened?) in a previous article, I intend to submit a number of proposed amendments to our Constitution that, in my own judgment, would help restore a Constitutional Republic in our nation. Some of these are my own, some are based on Mark Levin’s The Liberty Amendments and some have been suggested by others).
The Spending Constraint Amendment
Starting the year following ratification of this amendment, the Federal Government of the United States of America must operate by an established budget in which total budgeted spending does not exceed the total revenues collected by that government in the previous year.
Said annual budget must also contain a line item amounting to 10% of the total budget which will be used exclusively for retiring a portion of the public debt.
At the end of any budget year, should there remain any surplus revenue beyond that required to satisfy that year’s budget, such surplus will be used exclusively for retiring a portion of the public debt.
Under no circumstance is the public debt to be increased excepting for defending the Republic against a direct attack by a foreign power and in consequence of a Declaration of War, by the Congress of the United States of America, in accordance with Article I. of the United States Constitution.
I think this amendment hardly needs explanation or justification.
Please offer constructive comments as you see fit.
Troy L Robinson