Currently, President Obama’s spending is turning out to be costly for America, and with the plans to make government run health care reality, it will eventually drive us to the path of bankruptcy. It will also become more difficult to balance the budget.
However, we can do our part to advocate for a balanced budget amendment that will help America pay off our debt to foreign nations like China and oil producing countries. Our national debt is passing $12 trillion. I encourage you to check out deficitfree.com and sign the petition to get Congress to consider a Balanced Budget Amendment.
In the meantime, here is an interesting video to look at when it comes to the practicality of a balanced budget.