Beck spent much of his radio show Wednesday urging his listeners to call their Senators and demand passage of “cut, cap, and balance,” a legislative plan that includes a balanced budget amendment.
Economic experts say that a balanced budget amendment would harm the current economic recovery and make future recessions worse, and that it would force drastic cuts to major programs like Social Security and Medicare. Tuesday seven economists -- including five Nobel laureates -- sent a letter to President Obama and Congressional leaders noted these economic concerns and declaring that “writing a requirement into the Constitution that the budget be balanced each year would represent very unsound policy.”
