Heterodox
A bevy of lawmakers in Congress alarmed by soaring deficits are calling yet again for a constitutional amendment to balance the federal budget — but this time it’s Democrats. The so-called Blue Dog Coalition of moderate Democrats on Tuesday endorsed an amendment that would require Washington to balance the budget except in case of war or recession.... Are they for the return of the gold standard, too?Market WatchAnd now for something different: Democrats call for balanced-budget...
Read More »Hunter Blair — A balanced budget amendment would be extraordinarily dangerous for the economy
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....
Read More »Alan R. Knight — We don’t need a balanced budget amendment
Mentions MMT and Stephanie Kelton. Charleston Gazette-MailAlan R. Knight: We don't need a balanced budget amendment Alan R. Knight. retired editor of New England Farmer newspaper and formerly associate editor of American Agriculturist magazine, where he also wrote “The Uncommon Market,” an award-winning column that explored both the local and global marketplace into which farmers sell their products.
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