Skip to comments.Support shifts as Boehner adds balanced-budget amendment
Posted on 07/29/2011 9:33:47 AM PDT by Tulsa Ramjet
House Republicans will link passage of a balanced-budget amendment to Speaker John Boehners (R-Ohio) last-ditch debt-ceiling plan, which GOP lawmakers said would move the measure to passage in a high-stakes vote later on Friday.
Republican lawmakers voiced confidence the enhanced bill would pass muster with conservatives, as Rep. Mo Brooks (R-Ala.) predicted the balanced-budget amendment change would bring 10 to 20 more GOP members on board.
(Excerpt) Read more at thehill.com ...
Problem is... for the Fed Gov’t, proceeds from debt issued is considered revenue. I know....
The Republican Party Elites know that balance budget amendment isn’t going anywhere. It allows the Tea Party members to vote for the bill, but that language will be stripped out before returning to the House. If it wasn’t, the bill would be vetoed by Obambi.
I support the Tea Party members reluctance to vote for this bill. I don’t think they’re being realistic if they think this amendment will ever see the light of day.
House is now in session to consider the bill.
Rand Paul holding firm against anything in the senate accept the CCB original bill. Says a second bill is unnecessary.
Thanks for the mention.
So how does this bill differ from the first bill.
No. As Reagan proved, symbolism is important.
Absolutely agree; as is integrity.
NO to Obama and everything he stands for!
@RepDennisRoss Is the BBA real? Or is the play to keep the debt ceiling in place and force an INSTANT Government haircut?
His reply just came in...
It will be real. Spending cannot exceed % of GDP. Prevents tax increases to match bloated budgets.
“The two big differences between Cut, Cap, and Balance and the Boehner bill”
By: Conn Carroll
07/29/11 12:36 PM
Everyone in my twitter feed seems to be saying that there is no difference between the new debt hike bill Speaker John Boehner, R-Ohio, unveiled today and the Cut, Cap, and Balance Act that was passed earlier this month. This is wrong. There are two big differences between the two bills:
1) The Boehner bill would raise the debt limit before the August 2nd deadline without the need for a Balanced Budget Amendment to be passed first. Yes, a Balanced Budget Amendment would have to be passed for the second debt limit hike sometime in the spring, but a completely new deal could be worked out before then.
2) The Boehner bill does not require that the Balanced Budget Amendment sent to the states to trigger the second traunch have a two-thirds super-majority requirment for raising taxes. This makes the BBA much more likely to win Democrat votes.
The White House has been asking the Tea Party to compromise. The Boehner bill includes two big ones.”
If the federal government is truly incapable of increasing the indebtedness of the U.S. without Congressional approval, then the result is BALANCED. That is, every single month the government must decide which of several possible payments get made but the total of the payments cannot exceed the total of the monthly revenue.
It's certainly going to be painful. Just like a junky experiencing "cold turkey" withdrawal symptoms. Unfortunately, the communists running our government have no intention of ever willfully backing away from their addiction to spending.
The public are now properly educated as to the debt clock...And it’s going to look just as ugly this time next year as it does now.
I see. Even if there was a good language and excellent Congressional approval, the actual ratification would be years away if ever (like the equal rights amendment).
Plenty of time to raise the debt limit by another 50 trillion and assure that we’d become slaves to whoever holds the worthless bonds.
Any real BBA would require the end of baseline budgeting
Congressman so and so voted to cut pell grants....voted to...blah blah blah
Its very stupid. It weakens him and he doesn't need to do it.
House has completed a 1 hour debate and is now voting.
And by those figures the debt would equal the trade deficit.
Great RINO talking points.
The newest members in Congresss were elected to make the hard decisions, and nothing is harder than finding a means to force the "we can spend our way out of this" Cloward-Piven Soros crowd to stop spending the citizens' money today for income over the next 40 years.
It should be a no-brainer.
Increased spending limit today?
Meaningful cuts today.
No compromise, dammit!!