Unlike that perennial Democrat favorite 'PAYGO' - a budget "constraint" that basically just means we pay as politicians go on bacchanalian spending binges - the balanced budget amendment that Sen. Orrin Hatch (R-UT) and Sen. John Cornyn (R-TX) are proposing actually has teeth.
Of course, even a balanced budget amendment won't prevent every halfwit who manages to win a seat in Congress from trying to spend money that hasn't even been minted yet - but it should stop enough of them to put America back on a path to fiscal solvency.
Cross-posted at JWF.
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