tag:blogger.com,1999:blog-13093208.post1052862592179419510..comments2024-01-09T09:10:59.959+00:00Comments on Finance: History and Policy: Balanced Budget Amendment: The View from HistoryRobert E. Wrighthttp://www.blogger.com/profile/13094487737942138926noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13093208.post-32392047875467936942015-02-15T22:00:17.871+00:002015-02-15T22:00:17.871+00:00Of course a term limitation is a much simpler and ...Of course a term limitation is a much simpler and more ironclad rule than borrowing. Take a gander at my <i>One Nation Under Debt</i> (Chicago UP, 2008) when you have the chance.Robert E. Wrighthttps://www.blogger.com/profile/13094487737942138926noreply@blogger.comtag:blogger.com,1999:blog-13093208.post-17737984670465380242015-01-31T21:22:59.335+00:002015-01-31T21:22:59.335+00:00Very interesting and helpful. Seems the historica...Very interesting and helpful. Seems the historical practices could provide a guide to what kinds of things would be an exceptions in any such balanced budget amendment. I am operating on the assumption that there will be few politicians able to muster the will do go back to what we used to do in practice. <br /><br />Washington's tradition of serving two terms and walking away from power lasted until FDR. Washington's tradition was restored by placing it in as a constitutional amendment quickly thereafter. I think the same kind of solution is needed now for budgets (with these historically practiced historical exceptions.)<br /><br />Thanks!<br />BenJayhawkerhttps://www.blogger.com/profile/17471501050130657452noreply@blogger.com