Along with a Balanced Budget Amendment, you also have to have a legal limit to the ability to raise taxes (including fees) on individuals & on corporations to cover increasing government expenditures. Otherwise, the government will simply tax more & more to cover higher expenditures.
yefragetuwrabrumuy wrote:
A Balanced Budget Amendment has to be bullet proof:
1) There cannot be “off budget” expenditures or black budgets. If at the end of the fiscal year an agency has surplus funds, they revert to the Treasury.
2) Debt reduction must be included until there is no debt, then from that point, debt must be resolved within the current term of congress. This means the government can no longer issue long term debt, but can use existing funds to *buy* commercial, long term bonds.
3) Any “emergency clause” must be very carefully outlined and limited, or some POTUS will just declare either a “permanent war” (even like the War On Drugs) emergency; or worse, a “permanent disaster” emergency, based on nonsense like a “carbon dioxide crisis”.
You have to be careful not to cram too much in the amendment. In this case, a tax amendment would effectively have to repeal or significantly modify the 16th amendment, so while it might be a companion amendment, I doubt you could fit the two together into one.