Friday, May 14, 2010

On Limiting Spending

Mark Tapscott has a column today in the Washington Examiner online edition about the Constitutional Amendment introduced by three members of the US House of Representatives - Mike Pence (R, IN), John Campbell (R, CA) and Jeb Hensarling (R, TX). His money quote is,
Put another way, the SLA would cap Uncle Sam's take from our wallets at one of every five dollars we earn. Is it too much to ask our elected representatives in Washington that they not spend more than one of every five of our dollars?

Yes, is it really too much that Congress restrict themselves to taking only one fifth of our money, instead of trying to seize it all? Is it too much to ask that they live within the same kinds of spending restrictions that we must abide by? I do not think so and to that end have written and sent the following letter to my three members of Congress, with appropriate personalization:
Dear [congressperson],

As you are probably aware, Greece is undergoing some serious financial problems as a result of its out of control deficits. What you may not know is that the United States is currently on course for the same financial problems that currently plague Greece. Greece's problems began occurring as their deficit reached thirteen percent of their GDP. Currently, the United States has a deficit that takes up 10 percent of the GDP.

The problem is not that American taxpayers so not pay enough to the various layers of government. The problem is that the government - like an alcoholic - simply does not know when to stop. Would you spend more than your paycheque every month until you had your home foreclosed and your assets seized? Would you regard your salary as a 'guideline' as opposed to an actual limitation on your personal spending? If not, then why would you do this with American taxpayers' dollars? This is not Monopoly money that is inexhaustible.

I understand that a bill has been introduced by three members of the House (Congressmen Mike Pence, John Campbell and Jed Hensarling) that would amend the US Constitution to restrict Congress from spending more than twenty percent of GDP. The bill is HJ Res 79.

Unless you enjoy the thought of your children and grandchildren facing the same crushing debt that my children face, unless you like the prospect of the kinds of social unrest Greece is seeing and unless you honestly have no qualms about spending money that you did not earn, I would urge you to sign on to this bill as a sponsor or introduce it in the Senate if that has not already been done. Only by forcing Congress to rein in their appetites for spending other people's money can we get this looming financial disaster under control.

Please sign on to HJ Res 79. This is one bill that absolutely must proceed if we are to have any chance of saving our country before we end up like Greece.

I hope that anyone who reads this (and who is a US citizen or legal resident) emails their Congressperson and their Senators, urging them exactly the same thing. The problem, as Ronald Reagan once famously put it, is the government. Only by forcing government to live within the same means that we the people must are we going to climb out way out of this looming pit. And since Congress and the current Administration seem to have neither the will nor the leadership to do it, we must force them to do it against their own wishes. After all, it's our money their wasting and out children they are saddling with this frightful debt.

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