We need a balance budget amendment to the US Constitution, but given the way Obama and now Congress with their Super Committee BS the Constitution is about gone and it wouldn’t mean much.
Balancing the budget doesn’t matter one bit if spending is not tied to GDP. All balancing the budget means is the government has to have income equal to its obligations. A 100% tax rate could be a response to this ammendment.
Cap spedning at a percentage of GDP and then the BBA accomplishes what we need it to.