Tarver Engineering wrote:

"Ed Rasimus" wrote in message
...


If we were to be bound by a Constitutional Amendment to balance the
budget every year, we would be left unable to respond to exceptional
circumstances such as 9/11.

Any such amendment would be extreemly deflationary.

Flat-out ruinous, frankly, and therefore foolish. Balanced budgets are
a good idea, but not everything that affects spending requirements is
in the government's control, so they need the flexibility -- the
borrowing power -- to deal with the things that are not.
--
Andrew Chaplin
SIT MIHI GLADIUS SICUT SANCTO MARTINO
(If you're going to e-mail me, you'll have to get "yourfinger." out.)