This is one good reason why we need citizens to participate in these things. A 'Balanced Budget Amendment' sounds great until one remembers that it must stop the Democraps from spending trillions more while raising taxes to pay for it.
The Democraps have said for years that they have a plan to save Social Security - and Medicare. Has anyone heard what that plan is? 'NO! What it is is: when they go broke the Democraps will wail and cry that we can't let old people starve and die: we MUST raise taxes to meet the crisis.
Here is an economic lesson that you don't need a PhD to learn: If the U.S. economy grows at about 3-5% a year [in the good old days!] and the U.S. Government grows at 8% a year ['base-line budgeting'] how long will it be before the U.S. Government is the whole economy?!!
Ask Karl Marx or Pappa Joe Stalin!!!
“Here is an economic lesson that you don’t need a PhD to learn: If the U.S. economy grows at about 3-5% a year [in the good old days!] and the U.S. Government grows at 8% a year [’base-line budgeting’] how long will it be before the U.S. Government is the whole economy?!!”
Solving a problem like that takes math that most of our population does not know, and even fewer still would bother to do.
We must not forget that we are looking at a political problem not merely a physical one. Addressing the physical problem before it address us is not possible before we address the political problem.