Wednesday, March 16, 2011
GOP Senators will introduce a balanced budget amendment
This is the Doomsday Amenmdment. We knew it was coming when the GOP and their Tea Party backed ideology swept into Congress. If it passes (and luckily, there's probably not a big chance, but you never know), we are doomed to years and years of below trend growth and massive increases in poverty across the land.
A balanced budget was achieved in 1937 when we were coming out of the Depression and it sent us right back into a depression. It took a World War to get us out! Isn't that prospect nice?
Now we are about to do the EXACT SAME THING. Read it and weep.