They should be more careful how they spend money so we won't go deeper in debt.
They shouldn't even need it, but unfortunately it seems they do. Congress is like a 10 year old girl who needs to learn that you can't spend more than you make.
Yes, however if passed we would need to cut (partially or completely) social security, medicare, Medicaid, and Obamacare because these programs ALONE without any thing else at all cost more then the entire , THE ENTIRE income. Some of these programs (if not all) would need to be cut for this to be possible.
Government should almost always have a balanced budget. If they simply take steps to cut waste, fraud and abuse of our tax dollars then we would not have a problem. Let's put some people to work in the public sector verifying budgets and expenditures. Let me make this simple here: Government gives a budget of say $1 million to a department. Said department spends the money; they must provide purchase orders accounting for every cent that was spent and what it was spent on. If they are found to have used it recklessly or they cannot account for part of it, the next fiscal year their budget is cut by that amount. So if they can only provide purchase orders for $700,000, the next fiscal year their budget is cut but $300,000 down to $700,000 to pay off the missing cash plus they get frozen there for five years instead of getting the yearly increase. This would stop fraud in its tracks, balance the budget real fast, and get all the departments back to a budget that actually makes sense. I have dealt with TONS of budgets and I can tell you without question that something is MAJORLY wrong in Washington with the way they are spending money. If everything was being spent the way they say it is, we should have the most up-to-date government on the planet.
Yeah, let's just get rid of the most effective recession-fighting tool we've discovered.
The federal government, in my opinion, would only use such an amendment to insure heavy government spending.