I’d like to see the language of a Balanced Budget Amendment. How can we go to war and not go into debt? Do we raise taxes during war to keep the fight going? Are there any sitauations where the nation can run a defecit?
During the Reagan years, the left tried to cite defecits as a hollow excuse to try to stop nuclear weapons build up that brought the USSR to its’ knees. Sometimes a temporary defecit is a necessity (my mortgage for instance). This all comes down to the language.
Bump. For all things right and good, we should have a Balanced Budget Amendment. But, what happens in event of war...big war...world war...multi-stage, thermonuclear war? And the aftermath of such?
Moreover, what happens when the entitlements swallow the lion's share of the budget? What departments will be cut or what entitlements will be cut? The liberals would love to cut the military to a tenth of it's size on the pretense of balancing the budget.
I do not have the answers, but these must be addressed for a BBA.