Why They’re Incorrigible
House Republicans provided dismal (and redundant) validation of public choice theory. Rep. Mick Mulvaney, R-S.C., supported by Majority Leader Eric Cantor and Budget Committee Chairman Paul Ryan (pictured), proposed offsetting just $17 billion of the $60 billion aid for victims of Superstorm Sandy, and doing so by cutting just 1.63 percent from discretionary government spending. (Photo by Associated Press )
The arguments against a constitutional amendment to require balanced budgets are various and, cumulatively, almost conclusive. Almost. The main arguments are:
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