balanced budget...

I've another idea for our government that I don't think has much chance of success. I like the idea of a balanced budget ammendment, but with a twist from the current text. First, I think only a declaration of war is appropriate as an excuse to borrow. None of this military conflict crap. Congress should have the guts to declare war if it is appropriate. Second, I have another major twist... Why not reboot the budget process by borrowing the amount for next year's budget. This would be the last act of borrowing with the exception of the option above. Then the taxes gathered while the borrowed money was spent would be saved for the next year. There wouldn't be any question as to estimates of the number of dollars. Even better, rather than allocating specific dollar amounts for programs, allocate a percentage of next year's savings. The cycle would then roll from year to year, gathering taxes for the next budget year into savings, while spending the savings from last year's taxes. The huge amount of cash in the savings should scare the hell out of any adversary (except the irrational ones we seem to be dealing with lately), to avoid pushing congress to release that money to wage a war.

The huge borrowing of to reboot the process may the problem. What would that do to the economy? Would it be off set by the fact that year over year borrowing would stop. What would happen to economic stimulus through government spending? Not sure...