Since 1975, Cost of Living increases in Social Security checks have insulated seniors from the effects of free-spending government policies. When the government decides to "balance" the budget by printing more money, seniors automatically get a raise in their checks.
Not so the average citizen. We have to beg hard of our employers to get a raise, and, when we do, it seldom covers the entire amount that we are now short.
So, the average senior has no reason to fear deficits - in fact, many eagerly vote for those who promise them (either directly, or indirectly, by making promises they can't pay without essentially "kiting a check").
I never liked the balanced budget people - they always seemed to be one-note nuts. But, maybe it's time to re-visit that increasingly rare practice of not writing a check your bank can't cash - that day.
Let's make the government follow that practice. To do otherwise is to follow the practice that alcoholics do - when suffering the effects of drinking too much, they start drinking again (which WILL kill the pain), and begin the cycle anew. I did that once - I drank too much, so had a few the next day, which turned into more, so I woke up the next day even worse.
I'm a slow learner - it took me a week of boozy haze before I decided to suffer on Saturday, and finally get off the merry-go-round.
[NOTE: in times of EXTREME emergency - war or other major disaster - I'm not against borrowing against future expectations. I do so myself on occasion - when a family member becomes gravely ill or even dies, when the house suffers major damage, when your car is totaled - that's not the time to say "I can't afford it". You take care of the emergency, by loans or credit cards, then tighten your belts after.)