The 28th Amendment to the Constitution

The 28th Amendment to the Constitution has been proposed, and it's a good one. All 47 Republicans in the Senate have signed on to support a Constitutional amendment that would fix the financial problems in the country from getting any worse -- overnight.

The biggest aspect of the amendment states that the federal government can spend only 18% of the nation's GDP unless a declaration of war has been made. This by itself is huge in that it would immediately reduce government spending from the outrageous rate of 25% of GDP that it is now under Obama, to 18% .. lower than it was during the Bush Administration.

Other aspects of the amendment include needing super majorities of Congress to raise taxes and the debt limit, requiring Congress to balance the budget and the President to submit a balanced budget. This amendment will finally force the spendaholics to put a finite amount of money where it is needed most -- prioritize in other words -- just like we have to do in the real world. And since there's a cap on spending, statist "liberals" will not be able to balance the budget by increasing taxes and spending at the same time -- they can only spend a set amount of money per fiscal year.

It's nice to see the new Senators like Mike Lee and Rand Paul getting a coherent solution put together and supported. Of course this is a long way from being approved -- super majorities of the Senate and House have to approve the amendment before it is sent out to be ratified by the States. The good news however is, since so many State Legislatures were taken over by Republicans in the 2010 race, if the amendment can get out of Congress then it is almost assuredly going to be ratified.

Still a big if -- but it's just the beginning of gathering support for this. If statist "liberals" refuse to go along -- which they undoubtedly will -- they will have to be exposed and further voted out until this thing is passed. This has to be made the top priority and campaign issue alongside the repeal of the Affordable Care Act. This political one-two punch to the statist "liberals" will be the combination to knock them out of power and get the financial health of this nation turned around in short order.