I am watching the National Governor’s Conference session on the Commission on Reducing the Deficit. One of the the strengths of the States is the requirement for a Balanced Budget and the individual Governor ability to use a line item veto. Perhaps we need the same for the United States. Let me offer a proposal.
1. The budget of the United States of America shall be balanced on an annual basis, to wit expenditures and revenues shall be equal; except during periods Congressionally Declared Wars or by a vote of 4/5 of both Houses of Congress.
2. The President of the United States shall have the power to veto specific lines of legislation without vetoing the entire legislation. Both Houses of Congress may override a Presidential veto of specific line items by a 2/3 votes of the members.