REPEAL THE SIXTEENTH AMENDMENT AND ABOLISH THE FED


Previously this blog proposed that Congress “balance the budget.”

Upon reflection, it is assumed that Congress will find a way around any balanced budget amendment by ignoring the Constitution as is often does, and will continue to borrow money at will and/or allow the Federal Reserve Board to print money. Here is a more radical proposal: Take away from Congress the power to tax income and to appropriate money to fund federal budgets.

Such action would require passage of an amendment like this:

  1. The sixteenth article of amendment to the Constitution of the United States is hereby repealed.
  2. The United States shall not have a central bank, and the currency of the United States shall be tied to some object or system of real value.
  3. The Congress, with the approval of three-fourths of the States, shall have the power to borrow money on the credit of the United States. The Congress shall not have the power to lay and collect taxes on incomes, from whatever source derived.
  4. Congress shall, every two years, and at least eight months prior to the expiration of the previous budget, submit a budget proposal to the Legislatures of the several States.
  5. The Legislatures of the several States shall, every two years, consider the budget proposed for the United States by Congress, and within six months, appropriate to the Congress a prorated share of the budget based on each State’s population, providing that three-fourths of the Legislatures of the several States shall agree to fund the budget proposed by Congress.
  6. In the event that the six-month period following the budget proposal by Congress elapses with an insufficient number of States agreeing to the budget proposed, each state shall appropriate to Congress a prorated share of the most recent budget approved by three-fourths of the States, and each state not in agreement shall in a written message to Congress lay out its objections to the budget proposed. Congress, upon receipt and review of the objections by the several States, shall vote upon an amended budget proposal that shall be submitted to the Legislatures of the several States, which shall within thirty days agree to fund the budget proposed and provide to Congress their share of funds in excess of funds already appropriated, provided that three-fourths of the Legislatures of the several States shall agree.
  7. Should an insufficient number of States agree to fund the amended budget proposal, the process of review of objections and amendment shall continue, as provided herein, until such time as three-fourths of the States shall agree to fund the amended budget.
  8. The article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by conventions in the several States, as provided in the Constitution, within seven years from the date of submission hereof to the States by the Congress.

Go ahead and criticize this proposal; tell me where I’ve gone wrong.

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