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Keyword: balancedbudget

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  • Failed Republicans Want to Rewrite the Constitution

    05/29/2016 1:44:33 PM PDT · by Dalberg-Acton · 15 replies
    The Eagle Forum ^ | May 25, 2016 | Phyllis Schlafly
    Did you ever wonder why unsuccessful candidates merely suspend their campaigns after losing a key primary, instead of terminating them? Surely all those candidates knew that its impossible to restart a presidential campaign once its been suspended. In the famous words of Theodore Roosevelts daughter Alice Longworth, You cant make a souffl rise twice.
  • House resolution calling for Article V Convention approved by Senate

    03/13/2016 3:45:00 PM PDT · by cotton1706 · 18 replies
    CHARLESTON, W.Va. After some debate Saturday afternoon, the Senate joined the House in approving a resolution that would put West Virginia on the list of states supporting an Article V Convention for consideration of a balanced budget amendment to the U.S. Constitution. Though shorter than the Houses debate, similar arguments were made before a 17-16, party-line vote in favor of the measure. The Senate originally proposed its own Article V Convention resolution, S.C.R. 10, that also included limiting the power and jurisdiction of the federal government and limiting the terms of office for its officials and for members of...
  • How a Balanced Budget Amendment Gives the Feds Power Over Whatever They Want – Part 1

    01/24/2016 8:45:44 AM PST · by Oldpuppymax · 5 replies
    Coach is Right ^ | 1/24/16 | Publius Huldah
    Does our existing Constitution permit the federal government to spend money on whatever they want? No! It contains precise limits on federal spending. Federal spending is limited by the enumerated powers delegated to the federal government. If you go through the Constitution and highlight all the powers delegated to Congress and the President, you will get a complete list of the objects on which Congress is permitted to spend money. Here’s the list: • The Census (Art. I, §2, cl. 3) • Publishing the Journals of the House and Senate (Art. I, §5, cl. 3) • Salaries of Senators and...
  • Cruz: ‘We Need Quite A Few Constitutional Amendments’

    01/09/2016 8:17:09 AM PST · by Isara · 171 replies
    Daily Caller ^ | 01/09/2016 | Kerry Picket
    MASON CITY, Iowa–Texas Republican Sen. Ted Cruz wants to add a number of amendments to the U.S. Constitution. He told reporters Friday at the Praise Community Church he would like to see amendments added pertaining to a balanced budget, term limits, and restoring power to state legislatures.“We need quite quite a few constitutional amendments,”Cruz said. "I will fight hard for a balanced budget amendment including also a term limits amendment. I think a term limits amendment is absolutely critical. If you look at the abuses of power we're seeing in Washington-term limits for members of Congress and the Supreme court."He...
  • Amendment to Balance the Federal Budget May Die in GOP House Committee

    12/10/2015 7:09:24 AM PST · by MichCapCon · 2 replies
    Capitol Confidential ^ | 12/7/2015 | Jack Spencer
    Barring the unforeseen, the state House will not vote this year on legislation to place Michigan in an interstate compact petitioning for a federal balanced budget amendment. The measure appears to lack sufficient votes in the House Financial Liability Reform Committee, making it unlikely that the bill will reach the House floor before the New Year. Senate Bill 306 was passed by the Senate with a 26-11 vote on Sept. 17. The legislation would authorize Michigan’s membership in a Compact for a Balanced Budget. According to, the bill would “use the device of a multistate compact to submit an...
  • How Ted Cruz Would Balance the Budget

    11/12/2015 8:54:24 AM PST · by conservativejoy · 36 replies
    American Spectator ^ | 11/12/2015 | Peter Ferrara
    As he made clear, he's not going to 'pay' for more big government business as usual. At the CNBC debate on October 28, Ted Cruz 97%released his tax reform proposal, which I believe is the best of all the presidential candidates' plans. At Tuesday night's debate, Cruz released a spending reduction plan showing how he will pay for the tax cut involved in the tax reform plan. For the individual income tax under his tax reform, Cruz's plan provides for one flat rate of 10% on everything – wages, capital gains, dividends, personal business income, rent, interest, and all other...
  • Were Not That Far from a Balanced Budget

    09/29/2015 6:58:54 AM PDT · by SeekAndFind · 17 replies
    National Review ^ | 09/29/2015 | Kevin D. Williamson
    Americans are funny about taxes: When we complain about them, we dont moan that we are paying too much we lament that others are paying too little. In a Pew Research Center poll last year, only 27 percent of Americans cited their own tax liabilities among their complaints about the tax code, while 64 percent complained that other taxpayers the wicked 1 percenters, the dreaded corporations were getting off too easy. If youve ever met anybody who believes that we can balance the budget by cutting foreign aid, that the Social Security trust fund is a real...
  • Phony Constitutional Amendments

    08/02/2015 6:31:07 AM PDT · by Kaslin · 54 replies ^ | August 2, 2015 | Steve Chapman
    How do you know when a presidential candidate is being deceptive? No, silly, not when his or her lips are moving. Candidates often tell the truth -- like when they say they want your vote or your money. Moving lips are not a reliable clue. So what is? Any statement that envisions an amendment to the U.S. Constitution. _Politicians often act as though the Constitution is a sacred text handed down from heaven, like the Bible. Unlike the Bible, though, they have all sorts of recommendations for improving it. These proposals fall into two general categories: hopeless fantasies and pathetic...
  • It's Not Politics, It's Math

    06/29/2015 11:19:04 AM PDT · by SatinDoll · 15 replies
    The Market-Ticker ^ | June 29, 2015 | Karl Denninger
    No, really? (smiley face) The debt is not payable, Mr. Garca Padilla said. There is no other option. I would love to have an easier option. This is not politics, this is math. Well I'll be damned. On the other side of the table, of course, are hedge funds that bought the debt when Puerto Rico got in trouble at a deep discount and expect 100 cents on the dollar. They're not inclined to bargain, and will now (of course) look to the government to hand them a gun to use on Padilla. Unfortunately that doesn't change the math either....
  • Germany eyes modest tax cut next year

    05/09/2015 4:49:38 AM PDT · by Berlin_Freeper · 6 replies ^ | 7th May 2015 | AFP
    ... In January, the German government said that in 2014 it had managed to balance its books for the first time since 1969, a year ahead of target.
  • Ted Cruz: Im EMPHATIC Balanced Budget Supporter, Want Means Tested Social security

    03/25/2015 8:13:32 AM PDT · by SeekAndFind · 93 replies
    Breitbart ^ | 03/25/2015 | Ian Hanchett
    Senator and presidential candidate Ted Cruz (R-TX) said he was an emphatic advocate of a balanced budget amendment, and expressed support for means testing Social Security and raising the retirement age on Mondays Hannity on the Fox News Channel. I think the penny plan has an awful lot of force to it, and I am an emphatic advocate of a Balanced Budget Amendment Cruz stated. Cruz added, youre going to be hard pressed to come up with a cost-cutting program that Im not going to support. I do think the military, we need to look at the growing national security...
  • Conservatives start new push for 'balance[d]' [budget amendment] in the Constitution

    01/18/2015 4:42:25 AM PST · by Cincinatus' Wife · 22 replies
    The Hill ^ | January 18, 2015 | Rebecca Shabad
    Conservatives in Congress are reviving the push for a balanced-budget amendment to the Constitution now that Republicans control both houses of Congress. GOP lawmakers in both chambers have filed several amendment proposals in the early days of the congressional session, breathing new life into an issue that had faded somewhat from the agenda. I came here with a clear mission: work to get a balanced budget and do my best to reduce the size and scope of government, so that our small businesses and farm families can grow and create jobs, said Freshman Rep. David Rouzer (R-N.C.) in a recent...
  • Gallup: Approval of Congress Went Up After Govt Shutdown of 1995-96

    10/01/2013 4:33:53 PM PDT · by Olog-hai · 2 replies
    Cybercast News Service ^ | October 1, 2013 - 8:44 AM | Terence P. Jeffrey
    After the federal government shutdown for 21 days from mid-December 1995 to early January 1996, the percentage of Americans who said they approved of the job Congress was doing increased, according to the Gallup poll. At the same time, the percentage of Americans who said they approved of the job then-President Bill Clinton was doing remained the same, and the percentage who said they approved of the job then-House Speaker Newt Gingrich was doing dropped by only two points. The government shutdown from Dec. 16, 1995 to Jan. 6, 1996, occurred when the Republican-controlled House of Representatives was trying to...
  • Defend Europe, if you still dare

    08/08/2013 11:44:56 AM PDT · by ScaniaBoy · 7 replies
    Daily Telegraph ^ | 8 August, 2013 | Ambrose Evans-Pritchard
    This from the ECB's monthly bulletin today: The youth jobless rate in Greece has just reached 64.9pc. Little to add. This is pure policy error. Europe has needlessly pushed the whole EMU bloc into a deep double-dip recession, and the longest unbroken contraction since World War Two.
  • The Myth of Obama's Centrism

    04/11/2013 2:25:55 PM PDT · by Kaslin · 3 replies ^ | April 11, 2013 | David Harsanyi
    Barack Obama's quest for a "balanced approach" is the lifeblood of his political success -- and also its biggest myth. Witness the coverage of the purportedly centrist president's 2014 budget proposal. "Obama sends Congress $3.77T spending plan, riles both sides," says one prominent headline; "President Obama's risky 'goodwill' gambit," begins another fairy tale. "Obama Budget Is Meant to Draw GOP to the Table," claims The New York Times. Nearly every story stresses that the budget has drawn critics from both the left and the right. Obama, you see, is so moderate he's willing to wrangle with the socialist Sen. Bernie...
  • Can Barack Obama and the Democrats Find Balance?

    03/21/2013 1:07:11 PM PDT · by Kaslin · 6 replies ^ | March 21, 2013 | Randall DeSoto
    In the balancing act going on in Washington right now, for one side the term is layered with meaning, while for the other, its meaning could not be clearer. For President Obama and the Democrats, first and foremost balance means making sure the “wealthiest Americans” ante up and pay their “fair share.” Never mind those in the highest tax brackets are now paying the highest rates that they have paid in over three decades, while middle and lower brackets are paying the lowest. As for applying the term to budgets, the Democrats take a far more libertine position. Barack Obama...
  • Barack Obama: I'm Not Going To Chase A Balanced Budget, Just For The Sake Of It

    03/13/2013 7:44:33 AM PDT · by SeekAndFind · 10 replies
    Business Insider ^ | 03/13/2013 | Joe Weisenthal
    Barack Obama did an interview with George Stephanopolous on the debt and and budget talks that are happening now. The transcript is here. There are probably two big headlines to come out of it. One is that the two sides are too far apart for a grand bargain. The other is that Obama says there's no immediate debt crisis. The latter is the most controversial because people will say Obama is in denial, but it's objectively true. Borrowing costs are very low, and for the next several years, deficits are likely to be at what people call "sustainable" levels (levels...
  • Report: Senate Democrats' Budget Hikes Taxes by $1 Trillion, Never Balances

    03/12/2013 6:32:26 PM PDT · by Kaslin · 4 replies ^ | March 12, 2013 | Guy Benson
    Raise your hand if you're surprised by any of this:   Senate Democrats are drafting a federal budget blueprint that would raise nearly $1 trillion in new taxes over the next decade and slice roughly $1 trillion more from projected spending, according to Democratic aides familiar with the document. But the framework would never bring the budget into balance, potentially putting Democrats on the defensive as Washington enters a new phase in the ongoing battle over the swollen national debt. This week, both parties are scheduled to unveil competing visions for the 10-year period that begins Oct. 1. House Republicans...
  • Ryans 10-Year Budget Plan Includes Repeal of Obamacare

    03/10/2013 9:15:02 PM PDT · by Olog-hai · 10 replies
    Newsmax ^ | Sunday, 10 Mar 2013 01:41 PM | Sandy Fitzgerald
    House Budget Committee Chairman Paul Ryan plans to release a budget proposal that he says will balance the nations budget in 10 years and repeal Obamacare. The former vice-presidential candidate said his plan for repealing Obamacare includes halting the expansion of Medicaid. He also wants states to run the federal low-income healthcare program through federal block grants, he told Fox News. The Republicans point person on fiscal issues in Congress said on Sunday that compromise with President Barack Obama is possible on taxes and spending even though his soon-to-be-unveiled budget plan faces certain rejection from Obamas Democrats.

    02/24/2013 10:55:13 PM PST · by Nextrush · 21 replies
    2/25/2013 | Self
    The games the politicians play are a pathetic joke. Debt continues to pile on top of debt with "crisis" deadline after "crisis" deadline upon us. We end up with "imperfect deals" that do nothing to balance the books, just continue the slow and painful descent into eventual financial collapse. These sick austerity policies that include tax increases and spending cuts at the same time are already ruining Europe and now the United States is going down the same road. Obama and the RINO's use emotional issues to drive wedges that scoop us masses of people to support them. The RINO's...
  • No to the Flat Tax, Gold Standard and Other Stale Ideas

    02/22/2013 7:41:35 AM PST · by SeekAndFind · 30 replies
    National Review ^ | 02/19/2013 | James Pethokoukis
    Free enterprise, free markets, competition, and choice: All are timeless economic principles, but their application can and should evolve with changing economic circumstances. When Ronald Reagan was elected president in 1980, the top income-tax rate was 70 percent, inflation was 13 percent, health-care spending was 10 percent of GDP, and publicly held debt was 26 percent. The average American was 30 years old.Today, the top marginal tax rate is 40 percent, and inflation is 2 percent. Health-care spending and the debt have both risen by nearly 80 percent as a share of output. The average American is 37 years...
  • Sen. Rand Paul Introduces Default Prevention Act

    01/22/2013 4:02:04 PM PST · by Jim Robinson · 15 replies
    press release via email | January 22, 2013 | Rand Paul
    WASHINGTON, D.C. This afternoon, Sen. Rand Paul introduced the Default Prevention Act, which would require the President to prioritize federal revenue to interest on the national debt. Since the current debt limit was reached on Dec. 31, 2012, it is expected that the extraordinary measures the U.S. Treasury has taken to continue funding the government will be exhausted before March. In order to remove any chance of government default, Sen. Pauls legislation spells out which government-funded programs should be held at the highest priority to continue funding, while paying down the interest and principal on debt held by the...
  • No Budget, No Debt Ceiling Hike

    01/19/2013 8:09:58 AM PST · by Kaslin · 15 replies ^ | January 19, 2013 | Phil Kerpen
    In 2006, then-Senator Barack Obama inserted a speech into the Congressional Record decrying the increase in the debt ceiling that President Bush was asking for. Its unfortunate that he didnt actually deliver the speech, because it would have been a real stem-winder. Increasing Americas debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren, Obama said. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase Americas...
  • Focus Should Be on Facts

    09/20/2012 2:29:45 AM PDT · by Kaslin · 2 replies ^ | September 20, 2012 | Jackie Gingrich Cushman
    The challenge for modern-day campaigns is that the rapid speed of the news cycle ensures that new news is created on a daily basis, even when it is not really news. Blame the hunger for something novel and fresh that can eat up time on the 24-hour cable news channels. Think of today's news organizations as insatiable beasts whose ravenous appetites constantly need more and more news bites, and more analysis about those news bites. The desire for more content for their viewers and readers means that they deem everything new to be newsworthy, or at least newsworthy enough to...
  • Republicans Hope, but Dont Change

    08/18/2012 1:24:00 PM PDT · by xzins · 12 replies
    RightWingNews ^ | 18 Aug 12 | Peter Schiff
    For much of the past few generations, the debate over balancing the federal budget has been a central feature of every presidential campaign. But over time, the goalposts have moved. As the amount of red ink has grown steadily larger, the suggested time frames to restore balance have gotten increasingly longer, while the suggested cuts in government spending have gotten increasingly shallower. In recent years, talk of balancing the budget gave way to vague promises such as cutting the deficit in half in five years. In the current campaign, however, it appears as if the goalposts have been moved so...
  • An Improved Balanced Budget Amendment

    12/30/2011 2:48:45 PM PST · by JerseyanExile · 7 replies
    Ohio State University ^ | September 22, 2011 | J. Huston McCulloch
    SECTION 1. The outstanding debt of the United States shall not be increased above its level on the date of ratification of this amendment, unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote. SECTION 2. Should the President determine that expenditures appropriated by law will necessitate borrowing in excess of the limit provided in Section 1 during any fiscal year, he or she shall impound any expenditures as necessary and expedient to remain within said limit. The compensation of members of Congress or of Judges of the supreme...
  • U.S. Sen. Scott Brown votes for balanced budget amendment to the Constitution

    12/14/2011 6:38:43 PM PST · by matt04 · 29 replies
    U.S. Sen. Scott P. Brown has voted in favor of a proposal to amend the Constitution to compel Congress to come up with a balanced budget every year. Brown said 49 states, including Massachusetts, are required to balance their budgets and its time for the federal government to impose a similar condition on itself. The Massachusetts Republican said a balanced budget amendment would make the government live within its means without tricks or gimmicks. Democrats said the amendment would put the government in a fiscal straitjacket making it unable to respond to economic cycles, wars or natural disasters.
  • Senate rejects two competing versions of a balanced budget amendment

    12/14/2011 2:39:49 PM PST · by SeekAndFind · 1 replies
    Hotair ^ | 12/14/2011 | Tina Korbe
    The beauty of the Republican Study Committee’s “Cut, Cap and Balance” program was that it made the passage of a balanced budget amendment in both the House and the Senate a condition for any increase in the debt ceiling. In contrast to that, the eventual watered-down deal clumsily engineered by the president and Republican leadership allowed an increase in the debt ceiling in exchange for the inaction of the Super Committee and a mere vote on a balanced budget amendment in both the House and the Senate.The result has been predictable: Both the House and the Senate have now voted...
  • The True Cost of Keynes (of trying to get something for nothing

    12/05/2011 4:57:33 PM PST · by MegaSilver · 2 replies
    PrudentBear ^ | 5 December 2011 | Martin Hutchinson
    Adolf Hitler, Joseph Stalin and Mao Zedong each killed tens of millions of people, and John Maynard Keynes was a pacifist who never fired a shot in anger. However economically, when the billions come to be totted up, it may well be the case that Keynes was the most destructive of the four. He cannot entirely be blamed for mistakes in monetary policy, which he never understood, and even his stimulus ideas owed much to those who came before him for example Arthur Pigou and after him for example Joan Robinson. Yet the other value destroyers had...
  • Dangerous Balanced Budget Amendment Fails in House

    11/18/2011 1:57:15 PM PST · by mdittmar · 13 replies
    AFL-CIO ^ | Nov 18, 2011 | Mike Hall
    The House this afternoon voted downby 261-165 a balanced budget amendment that its supporters hoped would impose sweeping and permanent austerity upon the United States with massive budget cuts. It needed a two-thirds majority to pass. Click here for more from Think Progress and here our recent coverage.
  • House rejects balanced budget proposal

    11/18/2011 11:20:31 AM PST · by illiac · 98 replies
    Associated Press ^ | 11/18/11 | AP
    WASHINGTON (AP) The House has rejected a proposed constitutional amendment that would have forced Congress to balance its budget every year as a way to reverse years of deficit spending. A majority of House members supported the balanced budget measure, but supporters fell short of achieving the two-thirds majority needed to amend the Constitution. Republicans who backed the amendment said it was the only way to get Congress to put its fiscal house in order. Democratic critics said a balanced budget requirement would result in drastic cuts in Medicare and other social programs when economic downturns put the budget...
  • House rejects balanced budget amendment

    11/18/2011 1:59:13 PM PST · by NoLibZone · 23 replies
    CNN ^ | Nov 18 2011 | By Alan Silverleib, CNN
    The Republican-controlled House of Representatives on Friday rejected a balanced budget amendment to the Constitution -- a setback to GOP leaders and conservative activists who claim the measure is necessary to end the federal government's spiraling deficit spending. A total of 261 members voted for the measure --- 23 votes shy of the two-thirds majority required for passage -- while 165 members opposed it. Most Republicans supported the measure; most Democrats voted no. The vote on the amendment was agreed to by both parties over the summer as part of the agreement raising Washington's debt ceiling. Democratic leaders, however, are...
  • Lawmakers Prepare for Showdown Over Balanced-Budget Amendment [ Occupy to oppose & be proven fake ]

    11/18/2011 8:00:52 AM PST · by NoLibZone · 5 replies · 2+ views
    Fox News ^ | Nov 18 2016 | Fox News
    Conservatives are rallying in support of a balanced-budget amendment in the run-up to a Friday vote, warning fellow lawmakers that it's just about the only way to ensure Congress follows through on vows to cut spending. The debate comes the same week the national debt crossed the $15 trillion mark. The milestone was a timely reminder of Washington's hard-to-break habit of spending way more than it takes in. As a bipartisan committee remains stuck on how to cut $1.2 trillion from the 10-year deficit, lawmakers skeptical about the government's fiscal track record pushed Thursday for the amendment. "We need a...
  • Blue Dog Democrats Break With Obama, Back Balanced Budget Amendment

    11/16/2011 1:45:57 PM PST · by Driftwood1 · 12 replies
    Business Insider ^ | 11-16-11 | Zeke Miller
    The Blue Dog Coalition of moderate lawmakers endorsed a bill put forward by House Republicans to pass a balanced budget amendment to the Constitution. The endorsement puts them at odds with President Barack Obama, whose administration said it opposed such an amendment. "We do not need to amend the Constitution for only the 28th time in our nations history to do the job of restoring fiscal discipline," the Office of Management and Budget said on Tuesday. Speaker of the House John Boehner said he was "disappointed" in Obama for opposing the bill which is certain to fail in the...
  • GOP House Will Vote on Balanced Budget Amendment That Permits Unlimited Federal Spending

    11/16/2011 7:14:11 AM PST · by AnAmericanAbroad · 48 replies
    CNS News ^ | November 15th, 2011 | Matt Cover
    House Republicans are set to vote later this week on a balanced budget amendment (BBA) that would not cap federal spending as a percentage of GDP or require a supermajority to raise taxes. Majority Leader Eric Cantor (R-Va.) said the vote would probably take place this Friday. Cantor said that this version of a BBA, H.J. Res 2 -- rather than one that would cap federal spending, H.J. Res 1 -- was the version overwhelmingly favored by House Republicans.
  • Top 10 Reasons to Support Rep. Connie Mack's Penny Plan (A Simple plan to balance the budget)

    10/09/2011 8:33:31 AM PDT · by SeekAndFind · 12 replies
    [Click here for a PDF version of this document.]1. It Would Cut Federal Spending By One Percent for Six Consecutive Fiscal Years. The Penny Plan would require Congress to cut just one penny out of each dollar it spends every year for six years. These gradual cuts over the next six years will balance the federal budget. 2. It Would Cap Overall Spending at 18 Percent of Gross Domestic Product (GDP) Starting in Fiscal Year 2018. Congressional spending consumes approximately 25 percent of GDP. Federal revenue from taxes over the past 40 years has averaged about 18 percent of...
  • Hot Air exclusive: Perry raises $17.1 million in Q3

    10/05/2011 5:51:08 AM PDT · by Cincinatus' Wife · 113 replies
    Hot Air ^ | October 5, 2011 | Ed Morrissey
    A source on the Rick Perry campaign tells Hot Air that the Texas governor conducted some Texas-size fundraising in the third quarter. Coming in just a little over halfway through, Perry raised $17.1 million. That number would put Perry somewhere between $4-6 million ahead of Mitt Romneys rumored total for Q3, according to this report last week from the Boston Globe. Its also likely to far outpace Herman Cains fundraising or that of the other Republicans currently in the race. The pace is even more impressive. Perry had 49 days in which to raise funds, rather than the full 92...
  • GOP To Obama: Push For Balanced Budget Amendment

    09/03/2011 5:04:59 PM PDT · by george76 · 18 replies
    CNN ^ | September 3, 2011 | Ashley Killough
    Republicans want President Barack Obama to demand a balanced budget amendment in his upcoming jobs speech to Congress. "This would ensure spending cuts made today don't easily disappear tomorrow," said Virginia Rep. Bob Goodlatte in the GOP weekly address Saturday. "That doesn't just mean a fiscal house in order; it also means more certainty for the private sector and a better environment for job creation." ... A balanced budget, he said, would ensure that Washington spends within its means, therefore providing a stronger environment for investment and job growth. When Congress passed the debt bill in the first week of...
  • Will GOP pass a tax increase BBA?

    08/30/2011 1:52:12 PM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 08/30/2011 | Ed Morrissey
    Republicans made significant progress towards a balanced-budget amendment (BBA) vote in the debt-ceiling debate. While Democratic leadership initially mocked the idea, polls showed that voters broadly support a constitutional bar on deficit spending — including wide majorities of Democrats and liberals. Some Democrats in Congress later expressed support for the concept of a balanced-budget amendment to the Constitution, and a vote on some form of BBA is expected later this year.But what form will get a vote? Brent Bozell worries that Republicans might give away the key to controlling tax rates: The version attached to the House Republicans’ Cut, Cap...
  • Month One: Walker Budget Working

    08/22/2011 3:09:32 PM PDT · by afraidfortherepublic · 19 replies
    MadisonOne month after the 2011-13 state budget was signed into law, tangible results from the reforms put in place by Governor Walker and the Legislature are being realized. According to media reports, local units of government and school districts have already saved more than $220 million, with millions more in potential savings not yet reported. The state is also adding jobs. Between December 2007 and December 2010, Wisconsin lost over 153,600 private sector jobs. The state has netted over 39,000 new private sector jobs since the Governor called a special session to open Wisconsin for business. The state has seen...
  • S&Ps Chambers: Balanced budget amendment would do more harm than good [ DNC Scared ALERT ]

    08/10/2011 3:15:23 PM PDT · by NoLibZone · 11 replies
    Washington Post ^ | Aug 10 2011 | By Felicia Sonmez
    House and Senate Republicans have rallied around the notion of a balanced budget amendment to the Constitution as a solution to the countrys dire fiscal straits. But over the weekend, the head of Standard & Poors sovereign ratings division dismissed the idea, arguing that it would be more harmful than helpful to the countrys creditworthiness. In general, we think that fiscal rules like these just diminish the flexibility of the government to respond to crises, S&P managing director John Chambers told CNNs Wolf Blitzer on Saturday when asked whether its important that Congress send a balanced budget amendment to the...
  • Gingrichs Team 10 to tackle Tenth Amendment enforcement

    08/09/2011 2:16:12 PM PDT · by Hojczyk · 8 replies · 1+ views
    Hot Air ^ | August 9,2011 | Tina Korbe
    When I talk about enforcing the Tenth Amendment, its not just Tea Parties, but theres a broad understanding that theres too much power in Washington, too much bureaucracy and we need to take a different approach, Gingrich said today on a conference call. The end product of Team 10 will be actual legislation, Gingrich said. But that a need even exists for additional legislation to enforce the Constitution says something about the state of the government and society today. (Incidentally, thats an objection some folks make to the push for a Balanced Budget Amendment if the president and Congress...
  • Liberal Lanny Davis: Rep. Connie Macks 'Penny Plan' Can Balance the Budget! (I just saw a Pig Fly!)

    08/07/2011 8:13:36 PM PDT · by SeekAndFind · 32 replies
    Newsmax ^ | 08/04/2011 | Lanny Davis
    Now that the national debt-ceiling deal is done and liberals like me are unhappy and conservatives deservedly have more to cheer about Thanksgiving 2011 will be more than about good turkeys. This is the deadline for the so-called super congressional committee of six Democrats and six Republicans from the House and Senate to cut at least $1.2 trillion in the projected budget deficit for the next 10 years. I favor at least one-half of this $1.2 trillion to be funded by a combination of tax reform closing tax loopholes and increases in marginal tax rates of...
  • Republicans Set Sights on Balanced Budget Amendment (Will Sell idea to constituents during recess)

    08/05/2011 2:22:59 PM PDT · by SeekAndFind · 35 replies
    New York Times ^ | 08/05/2011 | By JENNIFER STEINHAUER
    WASHINGTON House Republicans, feeling they have scored significant fiscal victories, are moving on to an even bigger challenge: persuading voters, state legislatures and Democrats to alter the Constitution with a balanced budget amendment. In a meeting with his conference on Monday, Speaker John A. Boehner told members that the best thing they could do during the August recess was to sell their constituents on the idea that the amendment which essentially stipulates that government cannot spend more than it takes in is necessary and good. Republican leaders on the Hill have pivoted from railing against Democrats about...
  • (Exclusive to FR): Speaker Boehner's comments on the Raising the Debt Ceiling

    08/01/2011 5:30:50 PM PDT · by grey_whiskers · 26 replies
    grey_whiskers | Aug 01, 2011 | grey_whiskers
    "We, the Senate Majority Leader, The President, and myself, the Speaker of the House of Representatives, have had a further meeting today and are agreed in recognizing that the question of the debt ceiling and possible default is of the first importance for both houses of Congress, the President, and for our country. "We regard the Bill passed by the House and the companion Bill in the Senate and the President's promise to sign the reconciled bill as symbolic of the desire of both Parties never to put politics above country again. "We are resolved that the method of consultation...
  • No Debt Ceiling Raise=Balanced Budget=Triple A Rating

    07/30/2011 9:29:14 AM PDT · by freepdawg · 9 replies
    The Hill ^ | 07/29/11 | Peter Schroeder
    The "limited magnitude" of both debt plans put forward by congressional leaders would not put the nation's AAA credit rating back on solid footing, Moody's Investors Service announced Friday.
  • A balanced budget bill passed by Democrats, Jimmy Carter is already on the books: PL 95-435, 1978

    07/29/2011 12:46:50 PM PDT · by jmaroneps37 · 8 replies ^ | July 29, 2011 | Kevin Coach Collins
    Matt Bruce a sharp eyed talk show host based in Tampa has made a discovery that turns the debate over a Balanced Budget Amendment on its ear. His research has developed the fact that regardless of all of the chatter coming from Washington, both Republicans and Democrats are overlooking the specific and clear language of a bill passed on October 10, 1978. Representative Stephen L. Neal, a North Carolina Democrat, was the one and only sponsor of HR 9214, A bill to amend the Bretton Woods Agreement Act to authorize the United States to participate in the Supplementary Financing Facility...
  • There are better ways to balance budget (Nebraska Dem Senator Nelson claims again he supports a BBA)

    07/28/2011 6:30:16 PM PDT · by Qbert · 15 replies
    NP Telegraph ^ | July 28, 2011 | Jim Fagin, Comm. Dir. for Sen. Ben Nelson
    In response to Dan Timm's letter published (July 26), Senator Ben Nelson supports a balanced budget amendment to the U.S. Constitution that would require Washington to balance its budget and force cuts in spending. In fact, earlier this year, Senator Nelson voted for a resolution that said, "Congress should pass, and the States should agree to, an amendment to the Constitution requiring a Federal balanced budget." Senator Nelson has said that what he will not do, however, is vote for a plan to balance the budget on the backs of seniors. That is precisely what the balanced budget amendment in...
  • Boehner weighs balanced-budget amendment

    07/24/2011 4:34:16 PM PDT · by jimbo123 · 18 replies
    Reuters ^ | 7/24/11 | Andy Sullivan
    House of Representatives Speaker John Boehner told fellow Republicans on Sunday that he is considering a balanced-budget amendment to the Constitution as part of a bill that would raise the debt ceiling, a source who heard his message said.
  • House Repubs: Debt + Deficit Reduction Plan w/Senate Republicans (Video-WORTH WATCHING)

    07/21/2011 6:26:20 PM PDT · by STARWISE · 18 replies
    CSPAN ^ | 7-21-11
    GOP members on Cut, Cap, and Balance: From Earlier Site page article excerpt: White House talks with Congressional leaders resumed as President Obamas hopes for a deficit reduction deal to coincide with an increase to the debt ceiling resurfaced. President Obama called Congressional leaders to the White House in separate meetings to discuss the Gang of Six proposal. VIDEO