Balanced Budget Plan Is an Act of Cowardice From: The Washington Post | Date: May 17, 1992| Author: HOBART ROWEN | Copyright 1992 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

The so-called "balanced budget" amendment that Congress appears ready to push through is the ultimate cop-out by frustrated legislators who lack the political guts to restore fiscal sanity the hard way - by their votes to raise taxes or cut spending.

The proposal is a fraud, which, if enacted, could trigger the exact opposite of the intended result - economic uncertainty, loss of jobs and financial market crises.

Amazingly, this old, bad idea is being supported this time a...

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