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Which he should have done. Which is exactly why there shouldn't be a balanced budget amendment, because you need to be able to go into debt to do what needs to be done sometimes. I'm not advocating unbridled spending on anything and everything, but a Constitutional amendment puts a really big barrier in the way of doing what's necessary.
Picture this: we get attacked (which we were on 9/11), and need to respond with force (which we needed to do in Afghanistan). BUT...we can't mobilize the army because the Constitution forbids us from going into debt. Now we have to quickly repeal the amendment (which isn't a fast or easy thing to do) before we can go to war. That's a bad situation.
We can have an amendment with an escape clause, that in the event of emergency actions our taxes will be raised to pay for it....