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Why America needs a Balance Budget Amendment


Democracy and Power 104: Future Debt Burden

A government debt is a government claim against personal income and private property – an unpaid tax bill. – Hans F. Sennholz

All democracies institute programs for current voters and shift the debt to future workers, even the unborn. Social Security, Medicare, prescriptions drug benefits for seniors are prime examples in America.

Why America needs a Balance Budget Amendment

Senator McConnell quoted in Politico:

“It’s pretty clear that … that we put the federal government in this kind of fiscal straight jacket for the future so that we cannot get into this position again.”

Even McConnell perceives that Democrats and Republicans cannot be trusted with Americans’ money.

The Balanced Republic

Thank you.