Tag: Balanced Budget Amendment

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I need a mental break from preparing my taxes and the usual dread of having to wade through what seems like hundreds of little problems involving old papers filed away somewhere, lost passwords, and kluge software. Partly as an escape and partly out of concern that the whole system is out of control, I have […]

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Contributor Post Created with Sketch. Balanced Budget Amendment or Bust


Keeping a Balanced Budget Amendment out of the Constitution is the best strategy ever devised for destroying our Republic.

After all, imagine if you and everyone you invited could eat at your favorite steakhouse and send the bill to the next table—not that day, but ten years in the future. Next, imagine you no scruples. Is there any doubt you’d be splurging on porter houses, filet mignon and New York strip steaks both for yourself and your friends (and maybe their pets too) nearly every day of the week?

Contributor Post Created with Sketch. After the Budget Agreement, a Budget Process in Shambles


shutterstock_269057810Now that the budget agreement has been reached, many in the public may believe that the federal government is starting to work in a way that gets the people’s business done. Wrong. The agreement itself is doing further damage to an already-weakened process by which Congress establishes the budget and enacts the required follow-on legislation to change spending and revenue laws so that they conform to that budget.

Accordingly, House and Senate leaders need to pay heed to Senate Budget Committee Chairman Mike Enzi’s comments on this problem, which appeared on November 3 in U.S. News and World Report, and take steps to restore the process and return to the regular budget order. This process starts by recognizing that the only reform step with enough strength to restore responsible budgeting in Washington is to adopt a debt-limiting, balanced budget constitutional amendment—which is now gaining momentum in the states.

Contributor Post Created with Sketch. Rand’s Reforms: The Ricochet Survey


RandHere’s a protip for the approaching presidential campaign season: when the candidates take to the stump, always read the transcript rather than watching the speech. I adopted this technique during the 2008 presidential campaign, when it simply became too arduous to sit through 75 minutes of mass hysteria (and at least one audience member fainting) to get through 15 minutes worth of Barack Obama’s cotton candy remarks.

The transcripts are clarifying. You’re not distracted by the delivery or the audience dynamics. You’re essentially alone with the candidate and his thoughts. And, nine times out of ten, you’re going to be disappointed — because the vast majority of these guys don’t have much to say.