Word: perots
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...presentation on Sunday, Perot proposed that a term-limitation law automatically take effect if legislators fail to meet preordained deficit reduction goals. His idea, though unique in its style, is plagued by the same flaw as other proposals like...
Contrary to his claims, Perot's proposal might not provide an incentive for legislators to cut the deficit. Because it would punish all members of Congress-even those who have done all in their power to reduce spending-there would be little political reward in trying...
...Having rightfully criticized proposals for a balanced budget amendment, is Perot's recent embrace of the proposal more empty symbolism...
...amendment proposal is a gimmick, and Perot correctly said so during the presidential campaign. Like term limitation laws, it assumes that an amendment will change the behavior of legislators who do not currently vote for reduced spending...
...Perot well knows that politicians and bureaucrats will turn to accounting tricks and "off-budget" spending to meet the requirements of a balanced budget amendment. In his Sunday address he said, "We must eliminate all the Government's accounting tricks." But saying it will not make it so, and Perot would be the last person to suggest a way of accomplishing this Herculean task...