Issue Position: Fiscal Responsibility

Issue Position

Deficit spending facilitates government growth. Like most state and local governments and nearly all households, the federal government should not spend more money in a particular year than it receives. We need a constitutional amendment requiring Congress to balance its budget each year. Under that amendment, deficit spending should be permitted only where (1) two thirds of the members in both houses of Congress agree that a specified amount of deficit spending is essential to the well-being of the country, and (2) that decision is ratified by the legislatures of three-fourths of the States.

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