Balanced Budget Amendment the answer? Boozman says yes, Pryor no, Part 24 (Milton Friedman tells us how to stay free Part 3)

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Steve Brawner in his article “Safer roads and balanced budgets,” Arkansas News Bureau, April 13, 2011, noted:

The disagreement is over the solutions — on what spending to cut; what taxes to raise (basically none ever, according to Boozman); whether or not to enact a balanced budget amendment (Boozman says yes; Pryor no); and on what policies would promote the kind of economic growth that would make this a little easier.

I am going to continue this series and mainly include the opinions of Milton Friedman concerning these matters. Today I have included some comments from Milton Friedman from his Film Series “Free to Choose: Episode 10 How to Stay Free,” which addresses several issues concerning how to control our spending.  This is part 3 of this series concerning Milton Friedman’s thoughts from this video clip. 

Milton Friedman:What we need is widespread public recognition that the central government should be limited to its basic functions. Defending the nation against foreign enemies. Preserving order at home. Mediating our dispute. We must come to recognize that voluntary cooperation through the market and in other ways is a far better way to solve our problem than turning them over to the government.

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If we had the federal government spending money on these basic functions that the founders envisioned then we would have no problem at all. 


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