Skip to comments.GOP Balancing Act- A balanced budget amendment is the wrong debt solution
Posted on 07/19/2011 6:17:14 AM PDT by WOBBLY BOB
Tea party Republicans, to their credit, want to pass a BBA that would include the supermajority tax limitation. But it has no chance of passing, and absent that rule, political pressure could turn the amendment into a driver for the entitlement state as successive Democratic governments raised taxes, most likely with a European-style value-added tax to balance spending commitments.
The new Members who are intent on fiscal responsibility should visit with Congressional historians to discover a root cause of this modern spending catastrophethe 1974 Congressional Budget and Impoundment Control Act, the most laughable title ever placed on a federal law.
(Excerpt) Read more at online.wsj.com ...
I wonder who wrote this opinion piece. Probably Paul Gigot, the phony conservative who took over the editorial page.
The only way to stop this disaster is to get the Socialist Rats out of power. The make Socialism illegal. The Founders would have if they had known about it. There is no way the Socialist Parasites are not going to kill the Host. We are the Host.
No political “quarter”. Period.
The US will have a colony on Mars before an amendment like that would pass.
I don’t think most of those posting a response even read the article. I think the best option is to return impoundment to the pre-Nixon status. It won’t give the President more power to spend money he doesn’t have but will give him the option of deciding what apropriated funds to athorize or defer. This unlike McConnell’s approach which appeared to be a blank check on spending allowing the President to raise the debt limit however he wished and making it extremely hard for Congress to stop him.