A Balanced Budget Amendment

Here is an excellent piece from the CATO Institute on why the US needs a Balanced Budget Amendment.   It includes this awesome graphic illustrating the way our national debt has grown over the last thirty-years.

The Growth of our National debt
 
After looking at that can anyone doubt that America as a nation needs to quit borrowing money and spending it like a drunk sailor on Liberty?  The issue with America, specifically our government, is that they have gotten addicted to spending money we don’t have.   I have said for years that if I ran my personal accounts like the government does theirs I would be in jail for fraud.   It is past time for our elected leaders to be adults and get spending and borrowing under control before we are spending our great-grandkids money if we are not doing that already.

Why is it a bad thing if our government is forced to spend money responsibility through the enactment of a Balanced Budget Amendment to the Constitution?  Can anyone answer that?

2 thoughts on “A Balanced Budget Amendment”

  1. Individual rights are not subject to a public vote; a majority has no right to vote away the rights of a minority;
    the political function of rights is precisely to protect minorities from oppression by majorities (and the smallest minority on earth is the individual).

    http://www.comeonok.com

    • Bullshit, Your comment invalidates the entire concept of Majority rule and therefore democracy. What you are saying is the minority should be able to dictate to the majority.

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