Alan Reynolds and Benjamin Zycher

Reps. Jeb Hensarling and Mike Pence recently called for a constitutional amendment limiting federal spending “to one-fifth of the economy.” Bruce Bartlett, a former official in the George H.W. Bush administration, promptly denounced the idea as “dopey,” one “terrible... on so many levels that it is hard to know where to begin to dissect it....” (more)