Amendment can solve budget

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Thirty years ago, our national debt was $1 trillion. Thirty years and $16 trillion later, our leaders demonstrate daily that they are incapable of offering any agenda that comes close to fixing this problem – ever!

We are told we can never repay this $16-plus-trillion in debt. This is inaccurate and dangerous because it implies to John Q. Public that it doesn’t affect them. Loans to the United States are secured by bonds. These bonds mature in two, five, 10 and 20 years. As these bonds mature, the bond holder receives principal and interest. Every dime of our current $16 trillion debt will be paid in full over the next 20 years with more borrowed money. Borrowing to pay for borrowing is called insolvency.

We the people can take charge and force a solution. Debt can be stopped and the issue laid finally to rest only through the Constitution. A 28th Amendment, as follows, is necessary:

“Congress, except in time of declared war, shall convene the second Monday of January and adjourn no later than the last Friday of May, during which time a budget, in which expenditures do not exceed revenues, shall be passed into law.”

Just imagine how engaged and focused debate would be if Congress and the president were faced with a constitutionally defined time limit, and that for every dollar spent a tax on their constituents would result. From June through December each year, Capitol Hill would be left only to the tourists, and we the people would not have to endure the constant daily trauma of political shenanigans. From June to December the nightly news would report that there is no news to report from Washington.

Without a constitutional solution, there is no solution. Will anyone join with me to demand a Constitutional Convention to demand a 28th Amendment be passed?

Barry F. Cook

Augusta

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deestafford
71409
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deestafford 05/13/13 - 07:41 am
2
0
I would support that!

However, we will never have the ''alcoholics'' in DC vote and support a measure which would take away their free "booze".

t3bledsoe
14291
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t3bledsoe 05/13/13 - 02:32 pm
1
1
LTE "pie-in-the-sky" absolute truth !

The LTE proposes a 28th amendment to The U.S. Constitution to DEMAND a balanced budget.

The U.S. Government cannot even sustain the sequester budget cuts ! How is this same government going to completely balance a budget ?!

Humble Angela
41338
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Humble Angela 05/13/13 - 04:35 pm
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How?....with force from the
Unpublished

How?....with force from the people who give them their power.....and remove them from power!

KSL
237183
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KSL 05/13/13 - 10:01 pm
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2
What, bledsoe?

What, bledsoe?

KSL
237183
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KSL 05/13/13 - 10:03 pm
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Let's start with parking Air

Let's start with parking Air force One when it comes to campaigning trips.

KSL
237183
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KSL 05/13/13 - 10:07 pm
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2
Limiting vacations.

Limiting their vacations.

KSL
237183
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KSL 05/13/13 - 10:14 pm
0
2
Making someone who doesn't

Making someone who doesn't make $100,000 caretake the dog. Make Michele's mother do that in exchange for room and board in the White House plus the other perks she gets. My children walked our dog. Why can't the Obama princesses learn the responsibilities associated with having a pet they so wanted? I

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