Senator Jim DeMint and others are sponsoring an effort that will create a Constitutional Amendment requiring Congress and the President to balance the federal budget each year and if tax increases are proposed, they would require a 2/3rds vote by both houses. The effort also calls for serious budget cuts in 2012 to get the spending back under control. There would also be a limit on total Federal spending to 18% of the Gross Domestic Product. Today, Federal spending is at 25% and we have a amassed a $14.4 Trillion Dollar Deficit as a result.
Please go to: http://www.cutcapbalancepledge.com/ to add your name to the pledge. THERE IS NO PITCH FOR A CONTRIBUTION.
What you will be able to do is see what the pledge is all about and add your name to the list. The list will be sent to congressmen and women to show the public’s support for this effort. We need a grass-roots effort to show Congress we are serious about sound fiscal policy even if they and the Administration are not.
Here is the pledge:
I pledge to urge my Senators and Member of the House of Representatives to oppose any debt limit increase unless all three of the following conditions have been met:
- Cut– Substantial cuts in spending that will reduce the deficit next year and thereafter.
- Cap– Enforceable spending caps that will put federal spending on a path to a balanced budget.
- Balance – Congressional passage of a Balanced Budget Amendment to the U.S. Constitution — but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses.