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The Parties want the Constitution to Balance our Federal Budget
Both political parties depend on the Constitution to solve our budget debt crises. The Constitution’s guarantee to have a balanced budget is more of a rallying cry than a successful strategy.
While all media focuses on former President Donald Trump’s indictments, they have lost interest in any future economic catastrophe from not raising a debt ceiling. Nevertheless, liberals and conservatives propose looking at our Constitution to avoid a repeat.
They offer two competing solutions that depend on interpreting or amending the Constitution. If either solution were successful, the next battle between any Administration and Congress to balance the budget by raising a debt ceiling would be eliminated.
Although the parties’ plans of being implemented are slight, they could surface big time before the debt limit returns on January 1, 2025. Consequently, it’s not too early to examine them. Are they realistic or impracticable?
The Democrat Plan — Reinterpret the Constitution
The Democratic Party has not pursued limiting federal debt with the same fortitude as the Republican Party. In this last standoff between them on needing to raise the debt limit, the Democrat’s progressive wing floated the idea of applying the 14th Amendment to eliminate…