“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; I mean an additional article taking from the Federal Government the power of borrowing.” – Thomas Jefferson to John Taylor, November 26, 1798
If there was ever a glaring omission in the Constitution, as Jefferson suggests, it is the omission of a mechanism to control the ability of the Federal Government to generate debt. The proposed National Debt Relief Amendment would bind the current and future Congresses to a process of national discussion before increasing the federal debt.
“An increase in the federal debt requires approval from a majority of the legislatures of the separate States.”
The National Debt Relief Amendment is only 18 words, but would have powerful results because it would require Congress to get approval of a majority of states before increasing the national debt. It effectively requires a “co-signer before they (Congress) can give themselves a new credit card” (Nick Dranias, Director, Center for Constitutional Government, Goldwater Institute). This will impose fiscal discipline on Congress.
Learn more about the NDRA, voice your support to your state’s governor and legislators, and consider a contribution to RestoringFreedom.Org to help us pass the amendment.