Here it comes!! The Balanced Budget Ammendment is coming, I predict.
Here is an article written by Washington Post columnist, Robert Samuelson, in which he says
|"The virtue of balancing the budget is that it forces people to weigh the benefits of government against the costs. It's a common-sense standard that people intuitively grasp. If the Deficit Commission is serious, it will set a balanced budget in 2020 as a goal, allowing time to phase in benefit cuts and tax increases."|
This viewi is without question the broadly held view, both by the electorate and policy makers. That's why it WILL happen and it WILL ensure decades of economic malaise, high unemployment, higher poverty and misery and ironically, higher deficits!