Balanced Budgets

Whatever happened to that Balanced Budget Amendment idea that circulated in the Ross Perot era? Back in the day it seemed to be a radical right wing attach on Keynesianism and "tax and spend" liberalism. But its the Bush era now and the truth is nothing could destroy the Bushco MO faster then taking away their ability to wrack up debt. The borrow and spend, tax cut / wage war agenda would shatter in no time..