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
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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?
12 August 2011 at 09:15
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
12 August 2011 at 12:05
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.