H.J. 45: Proposing a balanced budget amendment to the Constitution of the United States.

The government can’t spend more than it brings in. What a novel idea. One problem:

Section 5. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal.

Shouldn’t those count? At least the repayment?

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