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Thread: Republican senators push for balanced budget amendment

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by The Prof View Post
    the gop has all 47 on board for the bba

    Senate GOP Demand Balanced Budget Amendment for Raising Debt Ceiling - HUMAN EVENTS

    it's your move, ms mccaskill
    DEMS should find it hard to vote against it....if they care what the voters thinks. But even if it passes, remember how long the line item veto lasted....
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    Re: Republican senators push for balanced budget amendment

    It's funny that bills are bills and instead of confronting the bills we owe like we all do at home the right always plays some sort of game. Like cutting taxes. If I cut my income at home it doesn't make my bills smaller. A ceiling doesn't make our bills disappear. Why don't they simply find the guts to do what needs to be done to cut spending. Cut services. And then go out and tell people you are going to cut those services because you don't have the cash. Raise taxes to help pay those bills also. That is how we do it in our homes. We don't play semantic games.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by Mikeyy View Post
    the right always plays some sort of game. Like cutting taxes.
    Obama Calls Tax Cuts the 'Right Thing to Do'

    Why don't they simply find the guts to do what needs to be done to cut spending.
    Republican budget: GOP budget would revamp Medicare and Medicaid - chicagotribune.com

    meanwhile, the pusillanimous president of the united states p-u-n-t-s

    party on, progressives

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by OhReally? View Post
    Republican senators push for balanced budget amendment – CNN Political Ticker - CNN.com Blogs



    Very interesting. I wish that I could agree with this proposal, but changing the rules to approve spending seems to be a huge problem considering our tendency to be so evenly split.

    If they took out the two-thirds to increase taxes, I'd be more willing to support the legislation. The failure to take out such a provision would pass legislation that has nothing to do with a balanced budget and everything to do with destroying the ability of the federal government to respond.
    This isn’t going to happen. Try this scenario, you have an interstate highway that’s full of potholes,its beyond repair needs thousands of miles of not only new concrete but the repairs have been put off for so long the subsurface needs reinforcing. Congress looks it over and says well, boys and girls this is what we need, now where’s the money coming from?

    I can see the sign now …Welcome to Interstate 80,we,ve just dumped a truckload of #3 clean gravel for you driving pleasure.
    Last edited by Donc; 04-03-11 at 08:50 PM.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by UtahBill View Post
    DEMS should find it hard to vote against it....if they care what the voters thinks. But even if it passes, remember how long the line item veto lasted....
    yeah, i foresee Democrats finding a way to quietly administratively shuffle this out of sight rather than risk going on record on it.
    Last edited by cpwill; 04-03-11 at 11:17 PM.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by PeteEU View Post
    Why 18%?
    because we tend to collect 18.5% of GDP in revenue irrespective of our tax rates. they are simply providing the Government with a "fudge" factor in case that historical average drops (say, if unemployment increases).



    So this is just a way of keeping themselves honest. as in "look, we passed a balanced budget by assuming that the federal governmentwould collect 25% of GDP in revenues!"

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by Mikeyy View Post
    Have you noticed we were and are still in two wars. And BTW we have pretty much always had deficits. Nothing new there.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by UtahBill View Post
    Debt is not always bad, just almost always bad....plus look at the amount of debt and what is being purchased.
    IF the debt was budgeted for and incoming funds were assured, and the house and/or car was a reasonable purchase instead of a McMansion and a Hummer SUV....take on SOME debt. Never take on credit card debt.

    I am for removing interest as a tax deduction. It subsidizes stupidity.
    ...interest was removed as a tax deduction with the Tax Reform Act of 1986 (though interest remains a deduction for home mortgages)...

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    Re: Republican senators push for balanced budget amendment

    I don't care about this. I am seriuos. Let me see them all do it if they are serious
    Quote Originally Posted by The Prof View Post
    Obama Calls Tax Cuts the 'Right Thing to Do'



    Republican budget: GOP budget would revamp Medicare and Medicaid - chicagotribune.com

    meanwhile, the pusillanimous president of the united states p-u-n-t-s

    party on, progressives

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by cpwill View Post
    because we tend to collect 18.5% of GDP in revenue irrespective of our tax rates. they are simply providing the Government with a "fudge" factor in case that historical average drops (say, if unemployment increases).



    So this is just a way of keeping themselves honest. as in "look, we passed a balanced budget by assuming that the federal governmentwould collect 25% of GDP in revenues!"
    ...of course, if the US is attacked, we probably would have to pass on retaliation as it might push us over the 18.5% GDP, which would be unconstitutional spending...

    Nice theory, but a constitutional amendment to do almost anything, let alone a balanced budget amendment, will never happen in the lifetimes of anyone posting on this board...

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