Thomas Jefferson wrote in a letter to John Taylor dated November 26, 1798,
"I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of our Constitution. I mean an additional article, taking from the federal government the power of borrowing."Senator Nunn felt the same way and attempted three times to pass a Balanced Budget Amendment which he called the "Jefferson Amendment". It required that Congress balance expenses with revenues.
In 1994, 1995, and 1996 - the three times Sen. Nunn attempted to pass the bill - the amendment polled at 75% approval ratings. It was the Clinton Administration that rejected the Jefferson Amendment.
I think it is time for us to re-examine this idea and if feasible, making Sen. Nunn's Balanced Budget Amendment a goal of the TEA Party Protests.
Afterall, if state constitutions include balanced budget amendments, why shouldn't the federal Constitution?
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