Law professors Michael Rappaport and John McGinnis argue in the WSJ the only sure way to control Congress’ profligacy is a spending limitation amendment to the Constitution. They explain why this is preferable to a balanced budget amendment because it controls the problem — spending — rather than one of its symptoms — debt. With a BBA, politicians actually have an excuse to raise taxes. Under an SLA, however, they’re ability to overspend is limited. Rappaport has more on The Right Coast blog here.
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About the Author
Jonathan H. Adler is a professor at William & Mary Law School.
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