Member-only story

The Balanced Budget Amendment: A Path to Constitutional Revival

Diego Blair

·13.7k Followers· Follow

Published in The Freedom Agenda: Why A Balanced Budget Amendment Is Necessary To Restore Constitutional Government

4 min read · 1 week before

168 View Claps

17 Respond

Save

Listen

The United States faces a severe fiscal crisis, exacerbated by a lack of discipline in government spending. The federal debt now exceeds $30 trillion, jeopardizing our economic stability and the well-being of future generations. The Balanced Budget Amendment (BBA) aims to address this crisis by introducing constitutional constraints on federal spending and debt accumulation. In this article, we explore the compelling reasons why the BBA is essential for restoring constitutional government.

1. Limiting Government Overreach
The BBA would significantly reduce the power of the federal government by imposing clear limits on spending. This would prevent politicians from using deficit spending as a means of expanding government control and financing ambitious projects that overstep the scope of the Constitution. By confining the government to its legitimate functions, the BBA would uphold the principles of federalism and individual liberty enshrined in the Constitution.

The Freedom Agenda: Why a Balanced Budget Amendment is Necessary to Restore Constitutional Government

by Mike Lee

4.7 out of 5

Language	:	English
File size	:	435 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	233 pages

2. Fiscal Responsibility and Sustainability
The BBA would require the government to balance its budget each year, promoting fiscal discipline and ensuring that government spending does not outpace its revenues. This would prevent the accumulation of unsustainable debt that burdens taxpayers, weakens the economy, and undermines the value of the dollar. By forcing the government to live within its means, the BBA would foster a culture of fiscal responsibility and prevent reckless spending that undermines the financial future of the country.

3. Protecting Future Generations
By limiting government borrowing, the BBA would protect future generations from the crushing burden of debt. Currently, each American citizen owes over $90,000 in federal debt. Without a BBA, this debt will continue to grow, imposing a significant financial strain on our children and grandchildren. The BBA would ensure that future generations inherit a stable economy, free from the unsustainable debt created by the current generation.

4. Maintaining Economic Stability
Persistent budget deficits and high levels of debt can destabilize the economy, leading to inflation, higher interest rates, and economic stagnation. The BBA would mitigate these risks by promoting fiscal discipline and reducing the government's reliance on borrowing. By ensuring a stable fiscal environment, the BBA would create a more favorable climate for economic growth and job creation.

5. Strengthening the Dollar
Excessive government borrowing weakens the value of the dollar, increasing the cost of imports and reducing the purchasing power of American consumers. The BBA would help strengthen the dollar by limiting the government's ability to create new debt, thereby reducing the supply of U.S. Treasury bonds in the market and increasing their value. A strong dollar benefits American businesses, consumers, and investors by reducing inflation and increasing the value of U.S. exports.

6. Restoring Trust in Government
The lack of fiscal discipline in the government has eroded public trust. Citizens have grown weary of politicians who promise to reduce spending but fail to deliver, leading to a sense of apathy and cynicism. The BBA would restore trust in government by imposing binding constraints on spending and debt, demonstrating a clear commitment to fiscal responsibility. By showing that the government is willing to live within its means, the BBA would enhance the credibility and legitimacy of government institutions.

The Balanced Budget Amendment is a critical measure to restore constitutional government, limit government overreach, promote fiscal responsibility, protect future generations, maintain economic stability, strengthen the dollar, and restore trust in government. By imposing constitutional constraints on spending and debt accumulation, the BBA would return the government to its proper role, preserve the principles of federalism, and secure a more prosperous and sustainable future for the United States. It is imperative that we support the BBA to safeguard our constitutional heritage, protect our economic well-being, and ensure a brighter future for generations to come.

The Freedom Agenda: Why a Balanced Budget Amendment is Necessary to Restore Constitutional Government

by Mike Lee

4.7 out of 5