I don't know how I missed this one, but William Hogeland over at New Deal 2.0 penned an excellent piece entitled
Why Debt Ceilings and Balanced-Budget Requirements Violate the Original Intent of the Constitution:
That the Constitution came into existence to keep taxes low, the federal government small, and national debt at zero is an article of faith among many who, like Michele Bachmann, have taken to calling themselves “constitutional conservatives.” And faith is required to believe it, as the Norquist interview shows. To make his supposedly constitutional argument, Norquist cites the first amendment on freedom of religion and the second on the right to keep and bear arms, and then goes on to cite absolutely nothing, in either the articles or the amendments, that so much as hints at a constitutional requirement to balance the federal budget, avoid debt, tax no more than people like Norquist deem appropriate, and keep government small.
He can’t cite anything to that effect because while balancing budgets, restraining borrowing, and keeping taxes low and government small might be good goals, depending on what you mean by them, it is impossible to locate in the founding national law any requirement to accomplish them. Indeed, the reality of founding history leads to the reverse conclusion.
As usual with the "common sense" approach of the right, this turns out to be quite false. Hogeland outlines how the founders
counted on taxes and debt to operate the national economy.
Hence the all-important provisions of the Constitution giving Congress very broad powers to tax and acquire debt. To 18th-century American nationalists across the political spectrum — to our founders and framers, that is, from Hamilton to Madison, from Morris to Randolph, from the financiers to the planters — national taxing and borrowing were ineluctably connected to the very purpose of national government.
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