Wednesday, December 14, 2011

Proposed 30th Amendment -- Debt


Within any thirty year period, starting with ratification of this Amendment and again each time the debt reaches zero, the Nation’s debt shall be zero at least one time.  The President and the Congress shall budget to assure this occurs.

Should the thirty year period expire without a zero debt occurring, Congress may not create any new budget line items and each existing line item's budget will be reduce by 5% in the next year.  This will continue each year until zero debt is achieved.

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