August 2, 2011
A balanced budget amendment to the U.S. Constitution has been floated before. Let me state emphatically that it’s a stupid idea. I’m all for conscientious spending of tax dollars but a balanced budget amendment means that in a time of national emergency (natural or man-made disaster) we could not spend the money required to address the emergency at hand unless we could balance the books in the process. But if there is one silver lining, we wouldn’t have had the two wars (Iraq and Afghanistan) had there been a balanced budget amendment at the time.