Terrence Wall supports a constitutional amendment requiring a balanced budget for the federal government. He also uses his successful real estate firm as evidence his private sector experience qualifies him for a position in the United State Senate. The run-government-like-a-business slogan is popular among the GOP, but completely at odds with a balanced budget mandate.
Successful businesses often take out loans in order to expand. T. Wall properties did, though maybe at a reduced interest rate due to guarantees and investments by Wall’s father. Regardless, Wall should know running a business is expensive, and owners simply cannot afford to pay straight cash for everything immediately.
The stimulus was an investment in the business of America’s future. To stave off a much higher unemployment rate, money was pumped into the economy. Tying the hands of Congress with a balanced budget amendment could have resulted in economic collapse.
Even Dave Westlake knows a balanced budget amendment is a bad idea. It failed years ago. A balanced budget is a good thing, but we already have a senator doing a better job cutting wasteful spending than Terrence Wall ever could.