Last edited by 1Perry; 07-27-11 at 02:13 PM.
His plan also pretended that the Clinton era taxes had resumed whereas Obama caved in and extended the Bush era tax cuts. But yes, that is why the idiots-oops, I mean the Tea Party - are blacklisting him and his plan. The only question is whether the Reid plan can pass. If it can, I support that, but if it can't, then Boehner had better start getting support together or the US is going to be collectively gang-banged by the people who hold all our debt (basically China).
The constitution is the only thing in this county that has a greater power than the congress, so that is the vehichle they must use.
But again, the main objection to it is simply that it's a really bad idea. What do you think would have happened during WWII, for example, if the government wasn't able to borrow because it had tied its own hands with a constitutional balanced budget amendment? One of two things would have happened: a) Congress would have found a way around the constitutional limitation, thus making it a limitation in name only, or b) the limitation would have been effective and there's a good chance Hitler would have prevailed.
Neither option is particularly appealing.
House and Senate Balanced Budget Amendments | The Heritage FoundationSection 6. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.
I dont WANT the GOP to agree to tax increases...not without MANDATED and set in stone legislation that enforces real cuts and directs the paying down of the debt. This fear of passage of a balanced budget amendment is reprehensible. Close every loophole...Im fine with that. Raise taxes on the wealthy...again...good to go. But before you do, do a top down review and gut federal spending. None of this "we managed to find a bi partisan way to cut part of the deficit spending" bull****.