A constitutional amendment to control government spending has been introduced in the House of Representatives.
The proposed amendment is aimed at getting the ever-growing federal deficit under control. The amendment would limit total annual outlays of the federal government to one-fifth of the Gross Domestic Product. GDP is the market value of all final goods and services made within the borders of U.S. in one calendar year. That 20% limit could only be exceeded in times of war.
Twenty percent has been the historical average since World War II, until recent years when it jumped to 23% of the GDP in a single year alone. The sponsors claim that federal spending has since risen to, what they call, a near-astronomical 24.7%; and, that just took two years. Supporters predict that federal spending will reach 40% of the Gross Domestic Product over the next two decades, unless something is done to force the government to hold down spending.
Even supporters admit that there is one drawback to the amendment. As drafted, it leaves it to Congress to pass “enabling legislation” to put the limit into practice. For example, the amendment does not explain how “one-fifth of economic output” is to be measured. Congress could measure the average Gross Domestic Product anyway it wants, even using some definition that would still give lawmakers plenty of wiggle room for pet project spending.
It is not likely that this amendment will ever go into effect. It is a long and difficult process to amend our Constitution. Our founders made it that way on purpose so that our long-cherished freedoms cannot be easily tinkered with by despots who would withdraw our rights.
This is Carl Ramsey and that’s Another View of the News.
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