Skip to main content

Should Conservatives Support a Balanced Budget Amendment?

Should conservatives support a balanced budget amendment?


I don't think so. To understand why , let's review some history.

Beginning with the Eisenhower era, budget compromises were always hammered out. Defense suffered some in that, but there were plenty of strong defense, conservative Democrats that kept things reasonable. With the coming of Johnson's Great Society, however, dramatic shifts began. Strong defense democrats like John Stennis, Scoop Jackson, Mike Mansfield and Jack Kennedy, retired, passed away or were pushed aside, as the Viet Nam war turned the Democratic Party pacifist.

The compromises made to balance the annual budget among various government priorities moved strongly away from defense to a growing variety of social programs.

This continued under Nixon and Carter. The CIA was almost destroyed by Senator Church, while the overall defense budget was dismantled, as Republicans made cuts to keep the budget balanced.

However, a new theory emerged as Regan was elected. I attribute it to Irving Kristol (late father of conservative writer Bill Kristol). Mr. Kristol recommended that Republicans stop yielding and cutting defense, but rather advance all the defense programs they deemed appropriate and thereby force Democrats to retreat on new or expanded social programs. Regan expanded military spending dramatically, and with the U.S. far superior market-based economy, placed the USSR in an unmanageable position: they simply couldn't match the U.S. spending. The downside, however, was that Dem's didn't compromise at all on social programs - they continued to vote them through. So spending restraint was abandoned by both sides. Regan's Director of Office of Management and Budget - David Stockman - thought he had a deal with the Dem's. However, he got rolled like a drunk college boy on Saturday night in Nuevo Laredo. The result, if one remembers, was Stockman's lament: deficits as far as the eye can see.

So now it is 2011, and lots of conservatives think that a balanced budget is their last hope. A forced diet for fat guys who can't seem to grasp the concepts of eat less and exercise more. It almost sounds good.

But what would have happened a scant 18 months ago when the Dem's controlled both houses and the White House, if a balanced budget would have been required? Would one conclude that they would have slashed social programs to preserve defense and balance the budget? I think not.

Unless you believe that Conservatives will control at least one wing of government in perpetuity, supporting a balanced budget amendment seems very risky to me.

Comments

Popular posts from this blog

Book Review: What Matters Now by Gary Hamel

Interview of Eric Schmidt by Gary Hamel at the MLab dinner tonight. Google's Marissa Mayer and Hal Varian also joined the open dialog about Google's culture and management style, from chaos to arrogance. The video just went up on YouTube. It's quite entertaining. (Photo credit: Wikipedia ) Cover of The Future of Management My list of must-read business writers continues to expand.   Gary Hamel , however, author of What Matters Now , with the very long subtitle of How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation , has been on the list for quite some time.   Continuing his thesis on the need for a new approach to management introduced in his prior book The Future of Management , Hamel calls for a complete rethinking of how enterprises are run. Fundamental to his recommendation is that the practice of management is ossified in a command and control system that is now generations old and needs to be replaced with somethi

Manage Your Blood Pressure While Young to Have a Big Healthy Brain Later

Anatomy Refresher The brain accounts for around 2 percent of body weight but gets as much as twenty percent of blood pumped by the heart. There are about 370 miles of tiny “microvessels” in the brain. Those vessels deliver oxygen and nutrients throughout the brain. Blood Pressure and Brain Health Two recently-released studies reveal the importance of blood pressure management to brain health. More importantly, the researchers discovered the importance of managing blood pressure in one’s forties, or even younger. Dr. Matthew Pase, PhD, and Research Fellow in Neurology at the University of Boston School of Medicine, and Dr. Charles DeCarli, Professor of Neurology at the University of California Davis, presented a paper at the Alzheimer’s Association International Conference in July. (We’ve mentioned Pase in previous newsletters and posts. He used the highly-regarded Framingham Heart Study to produce the now famous, and famously disconcerting, study on the deleterious affe

Researchers Say Do This to Make Your Brain 10 Years Younger

Do your parents or grandparents keep a pot of coffee brewing all day? Do they spend the morning sipping a cup of coffee while working Jumble and the crossword puzzle in the newspaper? “Just because there is no evidence that it works doesn’t mean that it doesn’t work. It just means that no one has paid for research to determine whether or not it works.” That was my response to one of the earliest subscribers to our newsletter. He is fond of crossword puzzles and was hopeful that solving them would help build cognitive reserve. At that point we hadn’t seen any research that indicated that word puzzles were useful. Guess what: our subscriber and your family members are on to something. There now is research to support that individuals regularly working puzzles are building some serious brain strength. Crossword Puzzles and Fast Brains Here’s a quote from Professor Keith Wesnes at the University of Exeter Medical School: “We found direct relationships between the frequency