For about the past 40 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 38 trillion dollars that drains key economic resources.

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. 

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