Balanced Budget
Summary:
- Introduces a two-year budgeting cycle (one per elected Congress)
- Requires President to submit a budget proposal to Congress
- Mandates a balanced budget within six years of ratification
- Requires budget and enabling appropriations bills to be passed and signed by May 31 of first year of each new Congress
- Allows an unbalanced budget to be authorized by a two-thirds majority of both Houses of Congress or if Nation is in a State of War
- Triggers an early Termination of Office for ALL Federal Office Holders if they are unable to govern effectively
Benefits:
- Introduces economic certainty and stability currently missing due to Congress' inability to consistently set tax and spending policies
- Ends the practice of politicians robbing future generations to keep themselves in power
- Requires a balanced budget without mandating specific maximum percentages of GDP (18% might be appropriate this year; but perhaps 20% or 15% in some other year)
- Allows for flexibility when there is strong national concensus that the budget cannot be balanced (war, economic disaster, etc.)
- Maintains the co-equal, separate legislative and executive branches but introduces the concept of a parliamentary "triggered no-confidence" vote and new national elections when the President and Congress do not demonstrate the ability to perform basic tasks of governing