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Thread: Republican senators push for balanced budget amendment

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    Republican senators push for balanced budget amendment

    Republican senators push for balanced budget amendment – CNN Political Ticker - CNN.com Blogs

    Quote Originally Posted by CNN
    More than a dozen Republican senators announced Thursday they would push for a constitutional amendment requiring Congress to pass an annual balanced budget.
    "It's an historic day for the Republican Party. We all agree on something," Sen. Lindsey Graham, R-South Carolina, joked, as he spoke about the proposed amendment that has the support of all 47 Republican senators.

    "A balanced budget amendment will make us do here what everybody has to do at home," Graham said during a news conference on Capitol Hill.
    Previous attempts to pass a balanced budget amendment have failed, but backers hope they’ll fare better this year because of public concern over growing deficits.
    The press conference was originally scheduled for earlier in March, but was postponed when Senate Minority Leader Mitch McConnell, R-Kentucky, decided to push for a unanimous Republican front for the amendment.
    The amendment would require a balanced budget, a two-thirds majority to raise taxes, and three-fifths to increase the debt limit. Additionally, the proposal would limit government spending to 18% of GDP, which is below the average of 21 percent over the last 41 years, according to the Center on Budget and Policy Priorities, a liberal-leaning think tank.
    The Republican proposal does allow for exceptions to a balanced budget in times of war or military conflicts, but does not allow for an exception in times of economic crisis. Critics argue that would mean it would be more difficult to pass a stimulus program during a recession.
    "It is about the most irresponsible action imaginable," said Norman Ornstein, a resident scholar at the conservative American Enterprise Institute. "It would virtually ensure that an economic downturn would end up as a deep depression, by erasing any real ability of the government to pursue countercyclical fiscal policies and in fact demanding the opposite, at the worst possible time.”
    The hurdles for adopting a constitutional amendment are high. Two-thirds of the House and Senate must vote in favor of an amendment and then at least 38 states must ratify it.
    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.

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    Re: Republican senators push for balanced budget amendment

    Not going to happen. Democrat Senate won't pass it and Obama would never sign it, because it goes against his plan to destroy the economy so he can push his Socialist agenda.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by Councilman View Post
    Not going to happen. Democrat Senate won't pass it and Obama would never sign it, because it goes against his plan to destroy the economy so he can push his Socialist agenda.
    Well the Democrats in the Senate aren't going to pass it because all of the moderate Democrats who would be interested have been voted out. Obama wouldn't sign it but I don't think it has anything with some conspiracy theory to destroy the economy or push a socialist agenda. Frankly, any agenda by virtually any American politician is a little bit "socialist".

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    Re: Republican senators push for balanced budget amendment

    What happens to bills that don't pass? Can they just be shelved as is? Then pulled out and voted on again at a later date...say 2012-2013 when they wil pass for sure?
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Republican senators push for balanced budget amendment

    That is not fiscally responsible in the least! It seems like being GOP simply means doing everything in your power to keep taxes from being raised. What the hell has happened to that party?

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by Barbbtx View Post
    What happens to bills that don't pass? Can they just be shelved as is? Then pulled out and voted on again at a later date...say 2012-2013 when they wil pass for sure?
    They just die and someone, if motivated, will introduce them in later sessions. But I'm not so sure that this would pass in 2012-2013 either. To be frank, the Republicans aren't so good at follow through on their promises of fiscal responsibility.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by CriticalThought View Post
    That is not fiscally responsible in the least! It seems like being GOP simply means doing everything in your power to keep taxes from being raised. What the hell has happened to that party?
    I tend to agree with your policy analysis. If taxes were directly linked with spending, we would have a balanced budget. The more we spend the more we tax, the less we spend the less we tax.

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by OhReally? View Post
    They just die and someone, if motivated, will introduce them in later sessions. But I'm not so sure that this would pass in 2012-2013 either. To be frank, the Republicans aren't so good at follow through on their promises of fiscal responsibility.
    Well, I'm still optimistic that this congress will be different.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by CriticalThought View Post
    That is not fiscally responsible in the least! It seems like being GOP simply means doing everything in your power to keep taxes from being raised. What the hell has happened to that party?
    I thought libertarians were for really small
    government. Was I wrong?
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Republican senators push for balanced budget amendment

    Quote Originally Posted by Barbbtx View Post
    Well, I'm still optimistic that this congress will be different.
    Got some of that Hope and Change spirit eh? Let me know how that works out for ya. It worked for the liberals pretty well.

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