Andrew Chaplin burbled:
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.
--
Seven Trillion and rising, RETARD. $Seven $Trillion and rising fast.
http://www.brillig.com/debt_clock/
Grantland