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Old April 14th, 2018, 09:02 AM   #1
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Heads I win, tails you lose: the Republicans phony balanced budget amendment fails

.

Well, the Republican drafted balanced budget amendment was defeated in the House on Thursday, 4/12/18. But what is interesting is, even if the Amendment were adopted into our Constitution, Congress would still not be required to balance the Budget on an annual basis! Our Republican swamp creatures concocted an amendment which would actually make it constitutional for Congress to not balance the Budget!

See: H.J. RES. 2 Proposing a balanced budget amendment to the Constitution of the United States for the actual text of this rope-a-dope amendment. It is intentionally designed to con the American People into thinking those in Congress who support the proposal actually want to force Congress to start acting fiscally responsible, while they nefariously have created an amendment which allows Congress to continue its reckless spending and borrowing without having to balance the annual budget, nor face a year end moment of accountability for spending more than is brought in from federal taxes.

If these members of Congress actually wanted to have the budged balanced on an annual basis, they would have voted on the “Fair Share Balanced Budget Amendment” which appears in a Committee on Ways and Means report in 1995 and in 1996 titled “Replacing The Federal Income Tax”.

An updated version of the Fair Share Balanced Budget Amendment is as follows:


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!

"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."


NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.


"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."


NOTE: our founder’s fair share formula to extinguish an annual deficit would be:

States’ population

---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE

Total U.S. Population


The above formula, as intended by our founding fathers, is to insure that each state’s share towards extinguishing an annual deficit is proportionately equal to its representation in Congress, i.e., representation with proportional financial obligation!



Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:


State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.



"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."


NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.


"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.


JWK




John Adams was absolutely correct when he pointed that "democracy will envy all, contend with all, endeavor to pull down all; and when by chance it happens to get the upper hand for a short time, it will be revengeful, bloody, and cruel...".
Witness today the suicidal path America has chosen, supported by a Fifth Colum media and Yellow Journalists.
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