A Balanced Budget amendment is a great idea, an idea whose time has come. Finally, as it is long past overdue!
A Balanced Budget amendment is an essential symbol of an economy that lives within its means, within the rules of fiscal integrity, fiscal responsibility.
But that is its biggest problem – isn’t it – that it is just a symbol of fiscal integrity and fiscal responsibility?
“OK, what’s the problem? Why is it just a symbol of fiscal integrity and fiscal responsibility? Why doesn’t it FIX the problem?”
The problem – I think we all agree – is an out of control National Debt. And balanced budgets do not fix that problem.
“Whoa, really, why not?”