I'm confused as to what liberal orthodoxy on balanced budgets is these days. People still praise Clinton for doing so, but dismiss Republican proposals as ridiculous.
All I'll say is that if the Germans could have a balanced budget amendment-- which does leave room for stimulus-- we probably can too.
obviously a balanced budget and a balanced budget amendment are two enormously different things.
a big problem with balanced budget amendments is that the large faction of norquistite fanatics in the u.s. generally make it impossible to balance the budget in a reasonable way.
