For 46 of the last 50 years, the federal government has spent more money than it has collected in revenue.  This has resulted in a spiraling federal debt burden of more than $39 trillion that drains key economic resources.

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Congress should put the brakes on out-of-control spending by an amendment to the Constitution of the United States.

 

This amendment would require a balanced budget every year unless a deficit is authorized by a recorded vote of three-fifths of both houses of Congress. It would also require a two-thirds majority vote by Congress to raise taxes.

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The Balanced Budget Amendment would protect the American people from stealth tax hikes and also demand that politicians cut wasteful spending first.