Thread: Class warfare
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Old 08-03-2011, 07:11 PM
Honus Honus is offline
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Quote:
Originally Posted by Botnst View Post
A balanced budget is not an economic policy...
Writing a budget is the ultimate act of public policy making. The budget is a statement of priorities. We will spend less on some things and more on others based on their relative importance. That's policy making. In addition to setting priorities, policy makers in tough economic times might decide to run a deficit. In good times, it might be the government's policy to have a budget that is unbalanced to the surplus side. That sort of decision will change with the times and is not the sort of thing that is traditionally set forth in the Constitution.

The balanced budget amendment that Rand Paul and his friends scribbled on the back of an envelope and demanded be included in the budget deal is a fricking mess. Here it is: http://www.gpo.gov/fdsys/pkg/BILLS-112hjres1ih/pdf/BILLS-112hjres1ih.pdf

It says, among other things: "...Total outlays for any fiscal year shall not exceed one-fifth the economic output of the United States, unless two-thirds of each House of Congress shall provide for a specific increase in outlays above this amount..."

Can you imagine the games that future administrations would play trying to squeeze the "total outlays" into that definition? It would be an annual debacle. This is policy making, no way around it. It has no business in the Constitution.
Quote:
The amendment process is the ultimate act of constitutionality. Nothing is more constitutional.
True.
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