Tuesday, May 10, 2011

Proposition Twenty

"Americans are increasingly worried about the federal government's staggering burden of debt.  The federal government's gross federal debt (debt held by the public plus intragovernmental obligations) will blow past $15 trillion by the end of September.  That will just surpass 100% of projected GDP, a level seen in our history only at the end of World War II."
[American Thinker]

There have been several peoposals on how ro fix the problems associated with a Balanced Budget Amendment, but this Proposition 20 seems to fill the loopholes.  [clipper]

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