A Well-Crafted BBA Stands Up to Criticism
摘要
A well-crafted BBA should hold up against the critics’ best arguments. Democratic Senators Kennedy, Leahy, and Feingold’s minority views against the 1995 BBA were exhaustive, well-argued, and often correct when applied to the traditional BBA that Congress was considering. They argued that a BBA would undermine the separation of powers, shift burdens to state and local governments, be unsound economic policy, undermine Social Security or preclude capital budgeting, and promote gridlock. Fortunately, a well-crafted BBA with thoughtful implementing legislation can ameliorate or entirely resolve most of these concerns, and Congress could address remaining issues through the normal policymaking process. Senator Biden raised a subset of these concerns but voted for that BBA in the Judiciary Committee and on the floor. Not all critiques are made in good faith, however. One commentary on the Business Cycle BBA, for example, was so deeply flawed that it appeared to be intentionally misleading.