By Pete Hamilton
The recent political campaigns saw quite a bit of hot air expended advocating a constitutional amendment that would mandate a balanced federal budget. I use the term hot air because any honest examination of the underlying issues reveals that political rhetoric is the only substance of such dialogue.
In the first place, a budget is only what is planned; politicians of both parties have demonstrated great creativity in spending enormous sums of money that were never budgeted. Only an extremely naive person believes a constitutional requirement that the budget be balanced each year would impose serious impediment on such future activities.
Hamilton is a retired corporate business executive. He lives in Rockbridge County.