[CanaGuy]

Some info please. If a Balanced Budget Amendment ever goes through, whereby (spending = revenues), do you ever need to borrow money again? Do you then even care what Moody’s or S&P says? Just wondering.

[EternalVigilance]

I want the Thomas Jefferson Amendment to the Constitution:

"I wish it were possible to obtain a single amendment to our Constitution ... taking from the federal government their power of borrowing."

-- Thomas Jefferson (Letter of November 26th, 1798)

[editor-surveyor]

>> “Some info please. If a Balanced Budget Amendment ever goes through, whereby (spending = revenues), do you ever need to borrow money again?” <<

.
No, there will be automatic tax increases each year, in whatever amount it takes to balance the budget.

That is why I know that eventually there will be a BB amendment, so that they can raise taxes automatically.