by Summary:
The House is set to take up a balanced budget amendment this week, which would limit federal spending in each fiscal year to federal receipts in that year.Like the push toward war isn't crazy enough for the crazies. This is like playing Russian roulette with all the chambers loaded. Republicans currently control both houses of Congress and the presidency. They could balance the budget if they wanted to. Instead, they have shown themselves more interested in cutting taxes for the rich. Likewise, any future Congress that wants to has the power necessary to balance the budget. It is deeply strange to think a constitutional amendment is required to do so. This is clearly a political stunt. It may be unlikely to become the law of the land, but the damage it would do if it did become law is
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Mike Norman considers the following as important: balanced budget amendment, US Politics
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The House is set to take up a balanced budget amendment this week, which would limit federal spending in each fiscal year to federal receipts in that year.Like the push toward war isn't crazy enough for the crazies. This is like playing Russian roulette with all the chambers loaded. Republicans currently control both houses of Congress and the presidency. They could balance the budget if they wanted to. Instead, they have shown themselves more interested in cutting taxes for the rich. Likewise, any future Congress that wants to has the power necessary to balance the budget. It is deeply strange to think a constitutional amendment is required to do so. This is clearly a political stunt. It may be unlikely to become the law of the land, but the damage it would do if it did become law is
Topics:
Mike Norman considers the following as important: balanced budget amendment, US Politics
This could be interesting, too:
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The House is set to take up a balanced budget amendment this week, which would limit federal spending in each fiscal year to federal receipts in that year.This is like playing Russian roulette with all the chambers loaded.
Like the push toward war isn't crazy enough for the crazies.
Republicans currently control both houses of Congress and the presidency. They could balance the budget if they wanted to. Instead, they have shown themselves more interested in cutting taxes for the rich. Likewise, any future Congress that wants to has the power necessary to balance the budget. It is deeply strange to think a constitutional amendment is required to do so. This is clearly a political stunt. It may be unlikely to become the law of the land, but the damage it would do if it did become law is large enough that we should be awfully worried that this week’s vote is even going to happen.EPI
A balanced budget amendment would be extraordinarily dangerous for the economy
Hunter Blair
See also
House Judiciary Committee Chair Bob Goodlatte’s proposed constitutional amendment requiring a balanced budget, which the House will vote on tomorrow, has many serious drawbacks:Center on Budget and Policy Priorities
5 Reasons Why the House Balanced Budget Amendment Is a Bad Idea
Richard Kogan