Watching fox news and they are talking like a downgrade in the US credit rating is inevitable at this point. If true, interest rates will go up and the market / economy will be in real trouble.
We need Ross Perot math.
A constitutional amendment for a balanced budget coupled with spending cuts (read as smaller Federal Government) would solve a lot of problems.
I'm not so sure. We need to be able to borrow money in case of a war - so an air tight balanced budget amendment would not be good. On the other hand if we don't make it air tight then they will work out weasel ways to keep increasing spending for their favorite pork projects.
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