The House Judiciary Subcommittee on the Constitution is holding hearings today on a Balanced Budget Amendment, which led  west side Congressman Jerry Nadler to wonder aloud what century we are in.

“Did Herbert Hoover win the last election?” he said in his prepared remarks to the committee .” If, in the middle of a recession, when tax revenues are down, and unemployment is up, we begin to slash the budget in ways my Republican colleagues are now suggesting, much less the far more draconian measures that this amendment would require, we will go from the Great Recession, right into another Great Depression.  It’s been tried before, and if we want the Constitution to enshrine Hooverism for all time, we will get what we deserve.” Read More