The Only Reform That Will Restrain Spending

The Wall Street Journal by Jim DeMint & Olympia Snowe: Before we consider saddling our children with even more debt, we must enact significant spending cuts and enforceable caps on future spending. For the long term, to prevent both this Congress and its successors from hijacking the promise of American prosperity, we also need a balanced budget amendment to the Constitution, like the one we and all 47 Senate Republicans have introduced. ... The last time the Senate considered a balanced budget amendment was on March 4, 1997—and it failed to pass by one vote. On that day 14 years ago, the nation's outstanding debt was $5.36 trillion. Today it is $14.3 trillion, or nearly three times that amount. [Unfortunately, if the balance doesn't include some limits on spending, it really doesn't matter. They'll just keep raising taxes....]