Commentary

A Balanced Budget Amendment Doesn’t Have to Mean Higher Taxes – CFIF’s “One More Vote” Proposal Doesn’t

By Timothy H. Lee
Thursday, November 11 2010

A balanced budget amendment, in the wrong hands or crafted in the wrong form, can unfortunately provide a vehicle for big-government advocates to rationalize higher taxes. To illustrate, a federal government that dramatically expands spending only to throw up its hands and plead no alternative to tax hikes to satisfy a new balanced budget amendment is like an out-of-control teenager going on a credit card binge and using the inflated new balance to demand an allowance increase, lest dinnertime credit bureau calls start arriving. A balanced budget is desirable, but not if it means even…

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