I realize this could only be proposed by a Constitutional Convention called for by 2/3 of the States, but here goes:
The Federal Government shall not increase per capita spending in any program in any year that projected federal revenues do not equal or exceed projected expenditures.
This is would essentially freeze COLAs in any year that the federal budget is not balanced, but would allow for increases in the number of people receiving federal money during economic downturns. The idea is to create a consensus behind more efficient federal tax and spending policies: The sooner the budget is balanced, the sooner you get a COLA.
Any comments/suggestions?
The Federal Government shall not increase per capita spending in any program in any year that projected federal revenues do not equal or exceed projected expenditures.
This is would essentially freeze COLAs in any year that the federal budget is not balanced, but would allow for increases in the number of people receiving federal money during economic downturns. The idea is to create a consensus behind more efficient federal tax and spending policies: The sooner the budget is balanced, the sooner you get a COLA.
Any comments/suggestions?