Last month, the House Committee on the Judiciary reported House Joint Resolution 1, Proposing a balanced budget amendment to the Constitution of the United States. It has received practically no media coverage since it was introduced, though that could be because the focus is on the debt ceiling negotiations.
A rule respecting balanced budgets is not at all a bad thing; we are seeing the American economy being pushed down by its $14.3 trillion debt. However, this has absolutely zero hope of becoming part of the Constitution unless some fundamental issues are addressed.
