I am completely in favor of the federal government starting to live within it means. No one, not even the government, can continue spending more than it takes in forever. We have become addicted to debt and it will cost us serious withdrawal pains when we ultimately have to go "cold turkey" in the whole area.
(I see no other way to quit this addiction.)
Many cry that we need a Balanced Budget Amendment to solve this problem. I completely oppose that because I fail to see how it would stop us attempting to spend much. These are the politicians who claimed we had a "Social Security Lockbox" with lots of funds to cover the payments that are now hitting. Only IOUs filled the box, not anything of value. Games would be used to pretend things were balanced while the debt piled up.
The question of who would enforce it makes it flawed as well. Congress has the power to pass budgets. Who will force them to do what they won't do on their own?
I would say we should push for those in office who will truly cut back the government, but I fear that is impossible now. Too many people are dependent upon a large and growing government. Everyone wants cuts, but not in programs that impact them.
I see this as a part of the flawed "just pass a law" theory that is so prevalent in modern society. We fail to realize that a law can only punish those it catches, it can't prevent the activity.
Get ready for some rough times as stuff hits the fan.