Saturday, March 2, 2013

Do We Need a Balanced Budget Amendment?

I would've said yes, we do need a balanced budget amendment, but here's a constitutional lawyer from Tennessee who sees hidden pitfalls in the idea:

http://publiushuldah.wordpress.com/2011/06/27/why-the-balanced-budget-amendment-is-a-hoax-and-a-deadly-trap/

And her logic's right...if you have a balanced budget amendment that allows tax hikes, you'll get tax hikes. Even to fund things nobody really wants, as long as taxes can be dug up to pay for the boondoggles. Virginia is usually an example to the rest of the United States; in this case it's been a bad one.