Two-term Congressman Tom McClintock (R, CA) and a member of the House Budget Committee has introduced  Instead of complex resolutions attempting to limit government spending or initiate taxation reform requiring complex definitions of fiscal years, outlays, expenditures, revenues, emergencies, and triggers, among other terms, this amendment is classic in its 27-word simplicity and force: a simple Balanced Budget Amendment HJR 84 for which he now seeks support. "The United States government may not increase its debt except for a specific purpose by law adopted by three-fourths of the membership of both Houses of Congress." It relies on the simple notion that a government strictly limited in its power to borrow will, by necessity, have to deal responsibly with future taxation and spending decisions.  In his remarks to the House (see video here), Mr. McClintock makes clear that his proposed super-majority: "...trusts that three-fourths of Congress will be able to recognize a...(Read Full Post)