Putting a Budget Constraint on Congress: The Spending Limit Amendment
By Noreen Alladina • Friday, March 19, 2010 12:38 pm
Reps. Mike Pence (R-IN) and Jeb Hensarling (R-TX) have proposed a Constitutional amendment that would keep Congress in check—the Spending Limit Amendment. The provisions in this amendment are as follows:
- Spending would be limited to 1/5 of the GDP, except for what would go toward paying back our debt.
- This limit can only be waived if there is a formal declaration of war or if more than 2/3 of both the House and the Senate vote on it.
By imposing a ceiling on spending, the government will be forced to scale back its influence in several sectors of the economy. Every American has a cap on how much they can spend—an income. If someone is in debt, they are subjected to a budget constraint and must reform their habits before they go bankrupt. Shouldn’t the government be held to the same standards each citizen is accountable for?
A cap on spending would push many of the entitlement programs to be accounted for in states’ budgets and even push for a move toward privatization of many of these programs. It would drive the government to single out the inefficient agencies and programs and re-allocate money toward the more effective ones. A limit on spending would lead to the downsizing of government and promote stability and growth in our economy.
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