Hunter Blair — A balanced budget amendment would be extraordinarily dangerous for the economy

Summary:
The House is set to take up a balanced budget amendment this week, which would limit federal spending in each fiscal year to federal receipts in that year.Like the push toward war isn't crazy enough for the crazies. This is like playing Russian roulette with all the chambers loaded. Republicans currently control both houses of Congress and the presidency. They could balance the budget if they wanted to. Instead, they have shown themselves more interested in cutting taxes for the rich. Likewise, any future Congress that wants to has the power necessary to balance the budget. It is deeply strange to think a constitutional amendment is required to do so. This is clearly a political stunt. It may be unlikely to become the law of the land, but the damage it would do if it did become law is

Topics:
Mike Norman considers the following as important: balanced budget amendment, US Politics

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