Quote:
Originally Posted by retiredguy123
The requirement you are suggesting would require a constitutional amendment because Congress creates a new budget annually, and cannot control any other future spending decisions. But, I would be in favor of an amendment like that.
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30 or so years ago Congress did pass some sort of a resolution about a balanced budget and for awhile followed it but after a few years ignored it.
Warren Buffet came up with an interesting idea how to balance the budget within a minute or two.
When times were good, if the congress ran a deficit of a certain size (do not remember the percentage) all sitting congressman would be ineligible to run for reelection.
That would be a wonderful amendment.