Republicans since Jefferson have wanted a Balanced Budget Amendment. Newt's passed the House but fell one vote short in the Senate. Does anyone know what our national debt would be today if we had been more Republican? Jefferson wrote his letter to long time friend John Taylor,dated Nov. 26, 1798, which was in fact advocating that such an amendment be added to the Constitution. Thomas Jefferson who, just two years after the Constitution had been in effect, argued for a Constitutional amendment: 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 its Constitution; I mean an article, taking from the Federal government the power of borrowing. Thomas Jefferson, letter to Judge Spencer Roane, September 6, 1819 The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.