Debt Ceiling Amendment

The debt ceiling is just an excuse. The debt ceiling is a way for members of congress and their constituents to claim that they are making progress on budgetary matters that they cannot handle. If congress wants a balanced budget, they could simply pass a balanced budget. However, congress is stuck believing that they need a balanced budget amendment. Here goes nothing

Ground Rules

1. The maximum debt is set by percentage of Gross Domestic Product as set by law
2. The Debt Ceiling can be triggered by a majority vote of The President, The Speaker of the House and The President pro tempore of the Senate
3. The debt ceiling can be triggered by a three fifths vote of either The House or The Senate
4. Congress and the president have ninety days to pass a balanced budget
5. If, by the end of the ninety days, there is not a balanced budget, automatic tax increases take effect
6. The treasury is instructed to add surcharges to all direct taxes to balance the budget

The beauty of this amendment is that it will deter spending through the threat of higher taxes

If this amendment passes, I will bet that the supreme court will not touch this with a ten foot pole (non judiciable)