Friday, July 29, 2011

Why we're doomed II

I just heard Jeanne Schmidt on the radio and she's supporting the Boehner bill but believes we need to enact a Balance Budget amendment to the constitution.


If you don't vote to increase the debt limit, stuff will need to be cut because there won't be anyway for the government to borrow. Hence, no need for a balance budget amendment when you no longer have borrowing capacity.

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