Subject: txt 1st gdd mny 2010 -
Two House Republicans have introduced a spending limit amendment to the U.S. Constitution.
''With our nation facing a fiscal crisis, it is time to fundamentally change the way Washington spends the taxpayers’ money,''
Rep. Mike Pence (R-Ind.) said in a statement on Wednesday.
Pence and Rep. Jeb Hensarling (R-Texas) say their proposed amendment will give the American people a
''unique opportunity to define the size and scope of the federal government for future generations.''
The proposed amendment reads as follows:
They said the U.S. cannot tax its way out of the problem, nor can it “grow” or borrow its way out of the problem. The only alternatives, they said, are spending discipline or inflation.
“We cannot have both unlimited government and unlimited opportunity”...
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