Out of control government spending has no basis in reality, and therefore no hope of every paying it back. Linking the Annual Budget of the USA government to a percentage of the previous year's GDP limits the size of government to something attainable, indeed already attained, while getting the government on the side of businesses. Government will have a vested interest in growing the economy and hopefully will adjust their regulatory and legal efforts to that end. Businesses can then grow, thereby growing the GDP.
Failure to make a balanced budget will result in pay and benefits reduction for every member of the Congress, Senate and the President in an effort to balance the budget.
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