Well, I thought I understood nullification, but I don’t fully understand all it can be.
I can’t think of a way to use nullification to force the federal govt to stop spending money like a drunken sailor (no offense to drunken sailor’s past, present or future) and heaping debt on the next several generations to come.
I’ll presume individuals and states could do whatever was in their power to cut off the flow of tax revenue to the federal govt and try to starve it. Presuming a state legislature moved to do that, I would imagine the Fed would just seize accounts and/or failing that, they could always just start printing money like crazy (worse than they do now) to make up the difference or mitigate the impact. As for individuals, not too many folks can win a fight with the IRS, but “Going Galt” is an option.
So, is there a nullification option when it comes to reigning in federal spending?
I don't think so; I think out best bet to reign in spending would be a Constitutional amendment, like so:
Fiscal Responsibility Amendment
Section I
The power of Congress to regulate the value of the dollar is hereby repealed.
Section II
The value of the Dollar shall be one fifteen-hundredth avoirdupois ounce of gold of which impurities do not exceed one part per thousand.
Section III
To guard against Congress using its authority over weights and measures to bypass Section I, the ounce in Section II is approximately 28.3495 grams (SI).
Section IV
The Secretary of the Treasury shall annually report the gold physically in its possession, which shall be publicly available. Upon the petition of at least one tenth of the Several States, an independent audit of gold physically possessed by the Treasury shall commence and, upon completion, be publicly available; discrepancies shall be construed as malfeasance.
Section V
The power of the Congress to assume debt is hereby restricted: the congress shall assume no debt that shall cause the total obligations of the United States to exceed one hundred ten percent of the amount last reported by the Secretary of the Treasury.
Section VI
Any government agent, officer, judge, justice, employee, representative, or congressman causing gold to be confiscated from a private citizen shall be tried for theft and upon conviction shall:
a. be removed from office (and fired, if an employee),
b. forfeit all pension and retirement benefits,
c. pay all legal costs, and
d. restore to the bereaved twice the amount in controversy.
Section VII
The federal government shall assume no obligation lacking funding, neither shall it lay such obligation on any of the several States, any subdivision thereof, or any place under the jurisdiction of the United States. All unfunded liabilities heretofore assumed by the United States are void.
Section VIII
The federal government shall make all payments to its employees or the several states in physical gold. Misappropriation, malfeasance and/or misfeasance of funds shall be considered confiscation.