House reps propose federal spending amen
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|Wed, 03-03-2010 - 9:02pm|
House Republicans Mike Pence and Jeb Hensarling propose federal spending limit amendment to no more than 20% of GDP
The Wall Street Journal article op-ed written by Pence and Hensarling cuts off for me. Hotair has a snippet that doesn’t:
This amendment would limit spending to one-fifth of the economy (our historical spending average since World War II). The limit could only be waived by a declaration of war or by a two-thirds congressional vote.
As with other constitutional amendments, Congress would be given the authority to enforce and implement it. But for the first time, the federal government would have a limit on its size and scope. The Spending Limit Amendment does not promise a particular spending plan about what programs to restrain and by how much. Rather, it puts a legal constraint on lawmakers present and future.
Some will say it should not be done now. But if not now, when?
Our spending problems are tantamount to generational theft and fundamentally alter the American ethic. We cannot have both unlimited government and unlimited opportunity.