Tuesday, September 27, 2011
The Senate and the Golden Rule
The French Senate may not have much power, but the Constitution cannot be amended without it, so one consequence of Sunday's power shift is that there will be no balanced budget amendment: Sarkozy's Golden Rule is dead, and may it rest in peace with a stake through its heart. This was an ill-considered electoral ploy, nothing more. The president may still try to use the threat to maneuver his opponent into a corner, but there's no danger of this nonsense actually becoming law.