Tea Party Amendment
The Bear on Mar 09 2010 at 9:10 am | Filed under: Budget, Economy
Fiscal Crisis: Tea Partyers have made it clear they don’t trust politicians — Democrat or Republican. Their historic uprising may now have a surefire way to stop politicians from spending us into the abyss.
In what promises to be a consequential election year, Republican leaders are eager to get the masses who make up the Tea Party movement on their side. But Tea Partyers remember that the GOP Congress and GOP president themselves spent way too much — even expanding the fiscally doomed Medicare entitlement program. Some Tea Party leaders even accuse Republican spendthrifts of practicing socialism.
GOP Reps. Jeb Hensarling of Texas, Mike Pence of Indiana and John Campbell of California may have just hit on a way of focusing the energy of a movement that’s been accused by Democrats such as former Senate aide and Forbes columnist Dan Gerstein of being “incoherent, indiscriminate” and “all over the place” in its complaints.
The three have proposed a Spending Limit Amendment to the Constitution that would restrain the federal government to the average expenditures of the post-World War II era — 20% of the U.S. economy. It would take a declaration of war or a two-thirds vote by Congress to waive the spending constraints.
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