Saturday, December 1, 2007

A New Constitutional Amendment

When I get all the facts straight I would like to post a blog highlighting the current financial crisis the US is facing that no one seems to pay much attention to (realistically, it is the biggest issue on the table and will soon make all other issues such as health care, the war in iraq, immigration, etc, meaningless). In the meantime, I was thinking today about federal government accountability and how they basically aren't held accountable for fiscal issues. The framers of the Constitution did this on purpose because they wanted the government to be able to respond in times of war or emergency, however, because there are no limits the federal government spends way beyond its means and this is going to put us in a world of MAJOR hurt soon.
Therefore, if I were the dictator of America, I would propose a new Constitutional amendment. This amendment would make it a requirement for the federal government to provide for a surplus in the budget until we're out of debt, and when that happens (if ever) then the budget must simply remain balanced. All states abide by this concept and I believe it is the only way to handle money. The only exception to a balanced budget would be in a time of declared war (keep in mind we haven't been in an official war since World War II) or devastating natural disaster (such as Hurricane Katrina). If I were running the budget I would actually put a little away for such emergencies and make it a priority to never go into the red if we can help it.
But that's if I was in charge....

P.S. Vote for Ron Paul