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Politics : PRESIDENT GEORGE W. BUSH
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To: DuckTapeSunroof who wrote (707433)10/14/2005 1:35:27 PM
From: cirrus  Read Replies (1) of 769670
 
I wish it were that simple. Most states are required to balance their OPERATING budgets, not their TOTAL budgets.

"A study of the state requirements by the General Accounting Office (GAO) shows they differ from the proposed federal structure in a number of critical ways. In addition, a new study by Columbia University law professor Richard Briffault explains that states are able to function under balanced budget requirements largely because those requirements are neither stringent nor binding. The differences between the state balanced budget requirements and the proposed federal constitutional amendment, which are substantial, are discussed below."

cbpp.org
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