“House Republicans are prepared for a Tuesday vote on their signature debt-reduction plan that calls for a balanced-budget constitutional amendment, despite Democratic opposition and a White House veto threat…. The House Republicans’ ‘cut, cap and balance’ plan would raise the debt ceiling $2.4 trillion, but only after significant and immediate spending cuts and the adoption by Congress of a constitutional amendment requiring a balanced federal budget.” (Washington Times)
Can they write an amendment without loopholes?
FEE Timely Classic
“A Balanced Budget Amendment” by Hans F. Sennholz