GOP House – debt ceiling – balanced budget

Now that the GOP has taken over the house leadership the Tea Party and Fiscal conservatives must urge them to start decreasing the US debt.  They can’t just lower the deficit that must decrease the debt.

Early in 2011 the Congress will need to raise the US DEBT limit.

The public needs to put pressure on the new GOP majority to require a passed balanced budget amendment which limits the spending of the federal government to a percentage of GDP for the previous year and limits revenue collection (taxes and fees) to a percentage of GDP prior to raising the debt limit.

The spending has to be less than taxes and on a declining scale until the debt is paid and the spending is 10% or less of GDP.

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