The second step is to use tough statuary caps which will tie the hands of future politicians from spending beyond the historical, pre-Bush average of 18% of the Gross Domestic Product. Politicians in both parties have proven themselves untrustworthy to reduce spending, so breaking that limitation would mandate simultaneous spending reductions.
And finally, we must have Congress approve the Hatch-Lee Balanced Budget Amendment Balanced Budget Amendment, and send it to the states for ratification. Not only would it mirror most states which have their own requirements for expenditures equally revenue, but it additionally requires a 2/3rds supermajority to approve tax increases. And once the amendment is official, it would be quite impossible in the modern era to ever repeal it.
These proposals would have been impossible in any previous congress, including the 1994 Gingrich Revolution. But things have changed now that every man, woman, and child in the United States owes $46,000, and with our debt on a path to double within 10 years.
Thanks to Tea Party activists providing the necessary backlash to an ever-expanding federal government, the proposals put forth in the Cut, Cap, and Balance pledge are not only entirely possible, a majority of Americans understand they are necessary to put America on a path to new jobs and prosperity.
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