The Twenty-Eighth Amendment

Section 1. Neither Congress nor any state shall make any law respecting an establishment of production, trade, employment, education, medicine, religion, culture, or charity, or restricting the free exercise thereof. Any such laws that may exist at the time this amendment is ratified are hereby repealed.

Section 2. The sixteenth article of amendment to this constitution is hereby repealed.

Section 3. The power of Congress to borrow or lend money is hereby terminated.

Section 4. Neither Congress nor any state shall consider any bill to reverse any part of this amendment.

I'm not claiming that this would end the Nanny State, but it will send a vast majority of it into the dustbin of history. Specifically, if this amendment were interpreted with the same latitude that is now given to the First Amendment, there would be an immediate end to government give-aways. It would take a constitutional convention to get this passed, because Congress would not pass an amendment like this in a million years.

The federal budget would immediately drop to around one third of its present size, and with the retirement of the national debt would decline slowly to one sixth of its present size. This would release many billions of dollars into the private sector every year. As a result of this capital, tens of millions more jobs would be created every single year than is presently the case. The state budgets would plummet by a similar amount, adding to the job creation.
The demand for labor would force employers to overcome virtually every legitimate obstacle to employment, except for severe mental incapacity. Private charity in America is sufficient to address that.
The demand for labor will also force wages and salaries up. The minimum wage laws would be unnecessary, and anyone working a forty-hour week could support a family, except for those people who by reason of youth or mental handicap should not be heading a family. The higher costs resulting from wage increases would be offset by the slashing of taxes and the reduction in regulation.
The American public school system would die, as it so richly deserves to do. The endemic prosperity would make it easy for parents to fund private school for their own children. Since two-income families would be made unnecessary by the prosperity, one parent could home school the children (with the result of better-educated children).
The problems with the American health care system are caused by government funding, and with the abolition of all attempts to socialize medicine would soon be only a memory. The deserving poor would have no problem finding medical care through charity.
Since the government would no longer be placing a multi-billion dollar demand on the national money supply, interest rates would fall. This will make job creation easier.
Welfare breeds crime. End it and crime will decrease.
Since foreign aid is an establishment of charity, it would end. Much of our foreign aid goes to nations whose policies have created the poverty used to justify the aid.
The United States would become even more of a brain magnet than it already is, attracting the world's best and brightest. This will strengthen the United States and weaken the enemies of the United States.

In short, eliminating welfare, in all of its various forms, will make America more prosperous, more peaceful, and more secure.

Check out the other amendments:
Twenty-ninth — Thirtieth — Thirty-first — Thirty-second
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A proposal for the 28th amendment to the Constitution of the United States