Except for special situations, the total spending for the nation cannot exceed certain limits, adjusted only for inflation.
In a recession where stimulative spending is needed, there may be a reduction of income taxes or other taxes applied without discrimination against any one class or income level.
This, obviously, would create a deficit, which would be dealt with by the means specified below during a national election.
CHANGE THE ACCOUNTING SYSTEM SO WE CAN "SEE"
All items to be implemented would have to have long term projections to 'prove out their reasonability and affordability', plus a projection of all of the totals. A simplified version of the calculations, with the ability to go deeper, would be provided by the government as part of the "Report Card" requirement.
SPECIAL SITUATIONS FOR EXCEPTIONS
When unemployment is above 6%, the excess of unemployment benefits for the extra unemployed is allowed, without adjusting total spending limits. This is so as to avoid lowering spending inappropriately and for cutting spending during recessions.
LINE ITEM VETO
The President may veto line items that are in a bill if he so deems it appropriate, though the veto may be overruled by a vote of 2/3 or more of each of both legislative bodies.
WHEN THERE ARE DEFICITS AND/OR FURTHER DEBTS TO BE PAID OFF
The citizens must vote on whether to add a fixed percentage surcharge for all taxpayers, applied equally across all taxpayers, in biannual elections that are normally held nationally., for the purpose of paying off a deficit and/or any part of the national debt. Legislators may not determine that by themselves.
FEDERAL GOVERNMENT LOANS TO STATES IN FINANCIAL TROUBLE
The resources of the government may be utilized to make loans to the states when they are in financial trouble, with payment due within five years.