If you want a good example of how not to do a mandated balanced budget, look at California. Cannot by law deficit spend, but has a ton of legislatively mandated programs that must be funded, and unions that refuse to budge an inch on any of their negotiated benefits, making it all impossible to present a balanced budget when required spending exceeds revenue.
On Tue, Mar 30, 2010 at 1:12 PM, Judah McAuley <[email protected]> wrote: > > On Tue, Mar 30, 2010 at 11:39 AM, LRS Scout <[email protected]> wrote: >> 6. We require a balanced budget amendment. You cannot spend more than you >> make. > > This is the sort of thing that sounds good in theory but isn't very > good economics in practic ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:314538 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
