Oh that's easy (if one believes that pinheads in Washington could actually do it)- Congress enacts a law that is then signed by the President suspending the BB requirement to deal with such catasrophies if/when they occur with an expiration date to boot. At that time it is revisited to see if it is still required - or if conditions warrant it expiring.<quoted text> The Federal Government's most important task is to keep this country safe. In the midst of the recent downturn, when tax revenues had collapsed, where would the Fed get the money to fight an attack against our country without the ability to spend borrowed dollars ?
When the economy nosedived during the Great Depression, and there was a trickle of tax dollars for 10 years, how would the Government have mobilized the equipment and the military to fight a two front war in Europe and South East Asia if they had been constrained by a balanced budget requirement ?
A balanced budget is good - ask Bill Clinton