CREATE A BALANCED BUDGET AMENDMENT

This ones been talked about – mostly as an election year fantasy used strategically by the swine known as our elected officials to get re-elected. While this one might not be necessary if the income tax were reduced to 3% by an Amendment of its own, it wouldn’t hurt to have some extra insurance. 

In my opinion, the single biggest danger presented to this country by our government today is its increasing propensity to go broke. The bankruptcy of the

United States government may take another 50 or 100 years – but probably not. Based on the drunken-sailor spending habits and the inevitable economic downturn, it may just happen within the next ten to twenty years. (In fact, the process has already started as you can see, for example, by the dollar’s continued deterioration against nearly all other world currencies. Remember, the decline of the

Roman Empire was not an event; it was a process. Unfortunately, from a governmental perspective, this process is already well under way in

America.) 

A balanced budget amendment should have an exception allowing for deficit spending only in the case of war – as constitutionally declared by a three-fifths super-majority of Congress. (And without the ability to add on reams of additional, bogus earmarks.)

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