Section I The power of Congress to regulate the value of money is hereby rescinded; the unit of money of the United States is the Dollar. 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; this report shall be publicly available. Any five states may commission a third party audit to confirm this report at their own expense. 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, money, or real estate to be confiscated from a citizen shall be tried for theft and upon conviction shall:
- be removed from office (and fired, if an employee),
- forfeit all pension and retirement benefits,
- pay all legal costs, and
- 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 and theft. |
SECTION 1: Congress shall adopt a preliminary fiscal year budget no later than the first Monday in May for the following fiscal year, and submit said budget to the President for consideration. SECTION 2: Shall Congress fail to adopt a final fiscal year budget prior to the start of each fiscal year,which shall commence on October 1 of each year,and shall the President fail to sign said budget into law, an automatic, across-the-board, 5 percent reduction in expenditures from the prior year's fiscal budget shall be imposed for the fiscal year in which a budget has not been adopted. SECTION 3: Total outlays of the federal government for any fiscal year shall not exceed its receipts for that fiscal year. SECTION 4: Total outlays of the federal government for each fiscal year shall not exceed 17.5 percent of the Nation's gross domestic product for the previous calendar year. SECTION 5: Total receipts shall include all receipts of the United States Government but shall not include those derived from borrowing. Total outlays shall include all outlays of the United States Government except those for the repayment of debt principal. SECTION 6: Congress may provide for a one-year suspension of one or more of the preceding sections in this Article by a three-fifths vote of both Houses of Congress, provided the vote is conducted by roll call and sets forth the specific excess of outlays over receipts or outlays over 17.5 percent of the Nation's gross domestic product. SECTION 7: The limit on the debt of the United States held by the public shall not be increased unless three-fifths of both Houses of Congress shall provide for such an increase by roll call vote. SECTION 8: This Amendment shall take effect in the fourth fiscal year after its ratification. |