Did You Hear The One About The Balanced Budget?

It would be comical if it weren't so serious. Yes, fans, the folks who brought you a $269 billion deficit in fiscal year 1991 and are pushing $400 billion in 1992 now are poised to pass a constitutional amendment mandating a balanced federal budget. Unless this legalistic lunacy is stopped, it may pass both houses of Congress in a month or two and be sent to the state legislatures for ratification. Since many states are eager to ratify, this abomination could become law in record time.

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