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Discussion: (6 comments)

  1. If congress can’t even constrain spending to the current debt ceiling limits, there is no way a balanced budget amendment gets passed with this threshold of spending limits. Alan is right — this is a fantasy and a dangerous distraction.

  2. Wait, so it’s bad that the Senate aspires to cut spending more than previously thought? Who knew!

  3. The GOP gave in on the debt ceiling and every government expansion scheme that Bush and Obama proposed. It was pushing presidential candidates who could not agree on ANY real cuts in spending and opposed the only one who actually proposed cutting anything. Why would voters ignore the actions but believe empty words?

  4. Brian Oxley

    My issue with the proposal is not that 18% or 16.7% are too low. It is that they are too high.

    1. Amen!

  5. James Ashby

    ” S.J. Res. 7 would actually impose … limiting federal spending to about 16.7% of GDP, a level not seen since the 1950s. ”

    A gold dollar would shrink federal spending far below 16.7 %, there should be nothing in a constitution about government’s share of the economy, let alone a guarantee of 16.7 %. Fiat money is for robbery, not commerce, is inseparable from government debt, ending fiat money is the starting point for balancing the budget.

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