Balanced Federal Budget

Text of proposed

BALANCED FEDERAL BUDGET AMENDMENT

ARTICLE 28 (or alternate number to be assigned by Congress)

Section 1.  It is the right of citizens to enjoy a fiscally sound and debt free federal government which is foundational to a free people and must not be violated by the State. 

Section 2.  It is hereby mandated that the United States Congress will conduct the fiscal affairs of the United States Government according to the requirements of this Article.

Section 3.  A Balanced Federal Budget consists of accurately assigning the sum of all federal receipts (which includes all tax revenues and all other sources of government income) to pay for all Federal expenditures within a given year and with the mandate not to allow expenditures to exceed revenue and income.  The following exceptions apply:

1. In time of war or national emergency the United States Congress can authorize expenditures to exceed income and revenue as is required to protect the interests and security of the United States and its citizens.  However, the United States Congress is required to amortize the repayment of any debt incurred over a maximum of ten years from the end of the war or national emergency. The United States Congress is prohibited from extending the repayment of the debt beyond ten years which includes the repayment of monies borrowed and any interest that may have accrued in order to service said debt.  Congress can repay the debt, in full, in less than ten years, but must pay no less than 1/10^th of the original amount owed by the Government, including interest, in each remaining year of the ten year term, unless the balance is less than 1/10^th of the original amount. 

2. The United States Congress is authorized to allow expenditures to exceed revenues and income when in the collective wisdom of two thirds of the members of both Houses of the United States Congress it is necessary to do so.  However, the United States Congress is required to amortize the repayment of any debt incurred over a maximum of five years from the date said debt was authorized by Congress. The United States Congress is prohibited from extending the repayment of said debt beyond five years which includes the repayment of monies borrowed and any interest that may have accrued in order to service said debt.  Congress can repay the debt, in full, in less than five years, but must pay no less than 1/5^th of the original amount owed by the Government, including interest, in each remaining year of the five year term, unless the balance is less than 1/5^th of the original amount. 

Section 4.  The United States Congress is prohibited from taking any debt that may remain from previous year deficits and include it/them as part of a new deficit expenditure in current or future years. 

Section 5.  It is further prohibited for the United States Congress to extend the repayment of any and all debt incurred beyond the time lines required in this Article.

Section 6.  All current debt owed by the United State Government at the time this Article is ratified, including accrued interest to service said debt, must be repaid by the United States Congress within 20 years from the date this Article is ratified by the several States.  Congress can repay the current debt, in full, in less than twenty years, but must pay no less than 1/20^th of the original amount owed by the Government, including interest, in each remaining year of the 20 year term, unless the balance is less than 1/20^th of the original amount. 

Section 7.  To secure the rights of citizens to enjoy a fiscally sound and debt free federal government, which is foundational to a free people, it is hereby prohibited for the United States Congress to allow federal expenditures to exceed federal revenue and income, in any given year, as mandated by the requirements and allowances of this Article. 

Section 8.  This Article shall be immediately enforceable upon the United States Congress when ratified by three quarters of the several States. 

VERY IMPORTANT (PLEASE COMPLETE ALL 3 STEPS): 

Step 1)  Click your State's link to download a copy of the BALANCED FEDERAL BUDGET Amendment "LEGISLATIVE CALL" for your State: 

Alabama    Alaska    Arizona    Arkansas    California    Colorado    Connecticut    Delaware    Florida     Georgia       Hawaii    Idaho    Illinois    Indiana    Iowa    Kansas    Kentucky    Louisiana    Maine    Maryland    Massachusetts    Michigan    Minnesota    Mississippi    Missouri    Montana    Nebraska    Nevada    New Hampshire    New Jersey    New Mexico    New York    North Carolina    North Dakota    Ohio    Oklahoma    Oregon    Pennsylvania    Rhode Island    South Carolina    South Dakota    Tennessee    Texas    Utah    Vermont    Virginia    Washington    West Virginia    Wisconsin    Wyoming

Step 2)  Submit your Petition to State Legislator's directing them to Call on the United States Congress instructing Congress to convene the Balanced Federal Budget Amendment "SINGLE ISSUE" CONVENTION.  Click this link and complete your Submission Form:

State Petition for Balanced Federal Budget Amendment

Step 3)  Submit your Congressional Petition directing Congress to send the Balanced Federal Budget Amendment to the States for ratification before the States complete their Calls instructing Congress to convene a "Single Issue" Convention:

Congressional Petition for Balanced Federal Budget Amendment

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Links:

    Citizen Initiatives - Reclaiming America:  Single Issue Amendments

    Charles Kacprowicz Ezine Article: Ezine Directories

    Featured Author Bio: Charles Kacprowicz 

    Authority Author: Charles Kacprowicz

    Church Supporters:  Bethel Missionary Baptist

    Book by Charles Kacprowicz at Amazon.com: Reclaiming America through Single Issue Federal Conventions

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    Single Issue Amendment: Unborn Amendment

    Fair Tax Act:  National Debt Awareness Center

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