Tuesday, July 19, 2011

Cut, Cap, and Balanced Budget Amendment

Tea Party Bill makes a lot of sense:




A Balanced Budget Amendment would require Washington to act responsibly - it would mandate that Congress not spend more than its income.

So simple and obvious, it is scary.

Acting fiscally responsible, and spending within the limits of the incoming revenue, is a radical departure from today's course of business in the nation's capital, where the national debt could eventually reach a staggering 344 percent of GDP by mid-century.

In 1798, Thomas Jefferson wrote that he longed for such a constraint:

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing.

The concept of a balanced budget amendment is nothing new. A BBA was first proposed in 1936, reappearing again in 1982 and then again in the Republican revolution of the mid-1990s.

Of course the liberals fought it, and demonized it, because they do not want limits on their spending habit.

-- Political Pistachio Conservative News and Commentary

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