@JPB,
To state it in a technical term of political economy, Bobby Jindhal is full of ****.
1) A balanced budget amendment would amplify the boom-and-bust cycles that have created the worst economy since the Great Depression.
2) The president is
not making permanently high government spending the new normal. Federal spending as a percentage of GDP is falling under Obama, and is projected to fall further.
3) If the problem is soaring federal deficits, how is it a solution to make increasing revenue harder?
4) Term limits. What does that even have to do with the Fiscal Cliff?
It sounds to me that Jindahl is using the Fiscal Cliff as an excuse for repeating demands that he'd been making all the way, anyway.