Posted on 03/04/2010 10:42:43 PM PST by InformedMomOf6
Tea Party Amendment
In what promises to be a consequential election year, Republican leaders are eager to get the masses who make up the Tea Party movement on their side. But Tea Partyers remember that the GOP Congress and GOP president themselves spent way too much — even expanding the fiscally doomed Medicare entitlement program. Some Tea Party leaders even accuse Republican spendthrifts of practicing socialism.
GOP Reps. Jeb Hensarling of Texas, Mike Pence of Indiana and John Campbell of California may have just hit on a way of focusing the energy of a movement that's been accused by Democrats such as former Senate aide and Forbes columnist Dan Gerstein of being "incoherent, indiscriminate" and "all over the place" in its complaints.
The three have proposed a Spending Limit Amendment to the Constitution that would restrain the federal government to the average expenditures of the post-World War II era — 20% of the U.S. economy. It would take a declaration of war or a two-thirds vote by Congress to waive the spending constraints.
Tea Partyers will no doubt be impressed by the fact that the idea comes from no less than Thomas Jefferson. In 1798, the Declaration's author wrote: "I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government."
The Hensarling-Pence-Campbell Spending Limit Amendment is actually preferable to the line-item veto because it doesn't discriminate between big-spending Congresses and profligate presidents. It snaps the public purse closed on every Washington politician's fingers.
(Excerpt) Read more at investors.com ...
2/3 is too low for my taste.
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