Limit Federal Debt

First pay-go rule instituted in 1990, lapsed in 2002. Federal debt went from $3.2 trillion to $6.2 trillion.

Pay-go rule started again in 2006. Federal debt has gone from $8.5 trillion to $11.8 trillion.

David Broder’s column, “A Pay-Go Full of Loopholes”, in the July 22nd Washington Post, discusses the latest pay-go proposal.

President Obama has stated that the programs he wants to institute will cause another $9.0 trillion in deficits over the next ten years.

A Constitutional Amendment to limit federal debt will bring spending under control.

Pay-go rules have not slowed our governments need to borrow vast sums of money to support spending programs.

We need a constitutional Amendment to limit federal debt.

The 111th Congress had a Balanced Budget Amendment introduced in the House, H.J. Resolution 1. It was sponsored by 114 members.  The proposed Amendment had Eight Sections.  In Section 1 is where the first way to allow for an excess of outlays over receipts is set forth.  At least it should have been put farther down the list .

I do like aspects of the proposed Amendment, particularly requirements for roll call votes.

The simple way to control spending is to put a limit on federal debt.   The citizens of this country understand credit limits.

Fred Bonnell