A bad idea…with 47 co-sponsors

Writing in today’s Wall Street Journal today, Senators Olympia Snowe (R-ME) and Jim DeMint (R-SC) tout their support (along with their 45 Republican Senate colleagues) for a balanced budget amendment to the constitution. This is a bad idea for three reasons.  First, it is bad economic policy.  Second, if passed, it would likely make the … Read more