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    Why America needs a Balance Budget Amendment

    07/01/2011

    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.

    1 comments
    The Balanced Republic
    08/16/2011

    Thank you.

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