Language:

"The total expenditures of the United State Federal Governement in a given fiscal year must not exceed the average of the total expenditures of the three immediately previous fiscal years, adjusted for the immediately previous fiscal year's annual rate of inflation. 

Taxes, duties, and other levies assessed by the United States Federal Government cannot be less or greater than 2% of the annual amount expended." 

Section 1 ensures that federal spending cannot spirial out of control simply due to a change in policy, administration, or balance of power within our governing bodies. By seeking an average, we curtail spiraling costs while allowing flexibility for the budgetary process. Anyone who has managed their own finances or that of a business will understand that there needs to be a marriage of discipline and flexibility. The costs associated with running a bureaucracy do not change siginificantly from one year to the next, however inflation is something for which everyone, including the government, must account. An average addresses both of these issues without setting out a hard number. 

Section 2 ensures that the federal government will pay its bills while limiting the government's ability to tax the American people arbitrarily. Government contracts, including those for entitlements such as Medicare/Medicaid, need to be paid. Taxes are assessed to pay for such programs (as an example for that which impacts all of us). The limit of 2% to the downside would limit budgetary shortfalls, which only serve to increase the federal deficit. The limit of 2% to the upside serves as a check against the federal government attempting to raise taxes beyond what is necessary to cover annual expenses. The purpose of a 2% margin of error is again to provide some flexibility in the accounting process; to provide room for unexpected budgetary surpluses and deficits. Anyone who has worked with a budget of any sort will understand that sometimes your estimated income is exactly that, estimated. Sometimes you end up with more than you expected, sometimes you end up with less, and adjustments to the budget must be made. 

With so much attention in 2025 and beyond being given to the execution of budgetary efficiency, now is the time to reign in the source of budgetary excess, and ensure that any future Congresses and administrations must adhere to sound fiscal policy, however it may be applied.