http://lewrockwell.com/orig12/carroll-m1.1.1.html
We Don’t Need No Stinking Amendment
by Mark Carroll
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Fifth, Public Law 95-435, which was signed into law by Jimmy Carter, requires a balanced budget. In other words, it is already federal law that the federal budget be balanced – we do not need an amendment to the Constitution. It has been on the books for years. This is just another example of the crooks in Washington simply ignoring the law. Again, the issue is the lack of character and integrity of the bums that supposedly represent us in Washington.
PL 95-435: “Sec. 7. Beginning in fiscal year 1981, the total budget outlays of the Federal Government shall not exceed its receipts.”
The Balanced Budget Amendment: “SECTION 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year.”
Any substantive difference there? What’s stopping them from balancing the budget as they are already required?
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No, the criminals in the District of Corruption are putting on a show for “We, The Sheeple”.
I’m not amused, confused, or bemused. Are you?