August 4, 2011

STEPHEN L. CARTER: Balanced-Budget Bill Fails Fiscal Test. “So the balanced-budget amendment, whatever its political popularity, possesses the following difficulties: It is poorly written and easy to circumvent; it invites judicial control of the appropriations process; and it pretends to know more than we can confidently say we do about how the economy works. For an amendment to the Constitution, those are just too many deficits.”

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