I understand it would take a supermajority for tax hikes. There is nothing automatic about it any more than there would be an automatic cut in spending.
I understand it would take a supermajority for tax hikes. There is nothing automatic about it any more than there would be an automatic cut in spending.
Maryland has a facsimile of this called Thornton, which automatically determines when spending hikes for education are required. The Dems never have to go on the record raising the spending. It just automatically goes up as part of a formula. Can they afford it? No. But they do it and then either tax more or steal from other rice bowls.
Programmatic increases in spending or taxes is the ultimate leftie wet dream. It all happens automatically. It’s even better than a vote on Christmas Eve.