First of all, this is a pipe dream. It stands zero chance of passing, but in the unlikely event that such an amendment did pass, it would required a 25% reduction in government spending which would eliminate millions of jobs."Senate Republican Jobs Plan
An outline for creating American jobs and prosperity
Begin Living Within Our Means
•Require a Balanced Budget Amendment to the Constitution.
Ridiculous. How can today's Congress know what spending needs will be next year, or five years hence.•Require a Statutory Spending Limit.
Cutting spending means cutting employment. I thought this was supposed to be a jobs CREATION plan!•Cut Spending to Immediately and Substantially Reduce Deficits.
Fine, but now you're increasing the deficit....Reform Tax Code To Spur Economic Growth
•Simplify and Reduce Business and Individual Tax Rates.
Good idea. Increasing the deficit again....•Make Research and Development Tax Credit Permanent.
It doesn't need to be permanent, and you're increasing the deficit again....•Extend and Make Permanent the Small Business Investment Tax Incentive.
Increasing the deficit and income disparity -- tax break for millionaires and billionaires....•Reduce Taxes on Capital Gains and Dividends.
Good idea ... President Obama....Unburden The Economy From Washington Regulations
•Codify the President's Proposal to Require Cost Benefit Analysis in the Formulation of Regulations.
Completely moronic. This would require a congressional vote on 50-70 major regulations/yr. You would have to increase congressional staff 10 fold and nothing would ever get done due to partisan bickering....•Support passage of S.299 REINS Act.
*sigh*•Prohibit EPA from Regulating Greenhouse Gases under the Clean Air Act.
Reform them how?Create Competitive Workforce
•Reform Federal Retraining Programs.
How can you stop something that never started?•Stop Card-Check.
Sounds reasonable....Increase Exports To Create More Jobs
•Ratify Three Pending Export-Opening Agreements.
•Provide Trade Promotion Authority for the President.
No.Power America's Economy
•Lift the Outer Continental Shelf Prohibitions.
Good idea, but increasing the deficit again....•Increase Federal Loan Guarantee Authority for Nuclear Power.
No.•Require Greater Access to Federal Lands for Exploration of Resources.
Increasing the deficit again, does not create jobs, deprives 30 million people of health insurance....Adopt Common Sense Health Care Solutions
Meaningful, as in one that will provide alternative protection against malpractice and guarantee lower healthcare costs? I'd be all for that....•Enact Meaningful Medical Malpractice Reform.
Bad idea, as it would create a race to the bottom where states would compete to be the least effective regulators of insurance companies to attract insurance companies....•Allow for Purchases of Insurance Across State Lines.
You mean like "Obamacare"?•Provide Additional Risk Pools for Small Business.
What does that mean? Strengthen how?•Strengthen Health Savings Accounts and Patient-Centric Health Care.
Do you have any idea where the money comes from to pay debt service? what do you think would happen if we had no deficit thus didn't have to fund debt service? Think about it if you can.
Obamacare is an expense to the business so who is going to pay that expense and what if the market cannot support that expense? Again, think and try to put yourself into a position of investing your own money into a business as unlikely as that appears.