Exactly. The tax-and-spend statists would love nothing more than having a constitutional excuse like a balanced budget amendment to squeeze ever increasing revenue from the middle class.
I'd wager that Genius Jeb didn't think that far. Or did he?
An amendment for balanced budgets will end in a requirement for ever increasing taxes. Once it is required that spending shall equal income, how quickly do you think it will be before Congress claims the Constitution handcuffs them in raising taxes to cover ever-higher spending?
Exactly. The tax-and-spend statists would love nothing more than having a constitutional excuse like a balanced budget amendment to squeeze ever increasing revenue from the middle class.
I'd wager that Genius Jeb didn't think that far. Or did he?
“An amendment for balanced budgets will end in a requirement for ever increasing taxes. Once it is required that spending shall equal income, how quickly do you think it will be before Congress claims the Constitution handcuffs them in raising taxes to cover ever-higher spending?”
I hear you - make it a spending limit then. We do need something stronger to get federal spending under control.