Dossier
Pay-As-You-Go (PAYGO) rule
Coverage of Pay-As-You-Go (PAYGO) rule in the Nexus archive.
U.S. national debttopic1Congressional Budget Officeorganization1Budget Enforcement Act of 1990topic1Budget Control Act of 2011topic1Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985topic1Article V of the U.S. Constitutiontopic1Federal Fiscal Sustainability Foundationorganization1
- The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
The U.S. national debt exceeds 100% of GDP at $31.68 trillion, with projections reaching 175% of GDP in 30 years. Historical data shows economic slowdowns when debt surpasses 90% of GDP, while 36.5% of 2025 individual income taxes will service debt, rising to 50.6% by 2036. Past fiscal controls like the Budget Enforcement Act and Gramm-Rudman-Hollings have failed, prompting calls for a constitutional amendment under Article V.