rssA Balanced Budget Amendment?
Tuesday, August 10, 2010 at 12:28 pm
- 29 Comments
The Hill reports that a few Republican Senators, including John McCain (Ariz.), Jim DeMint (S.C.), Lindsey Graham (S.C.) and Tom Coburn (Okla.), are planning to propose a Constitutional amendment requiring the federal government to run a balanced budget this fall. The amendment would also require a two-thirds super-majority in both the House and the Senate to raise taxes. A balanced budget amendment nearly succeeded in the mid-1990s, with Vice President Biden, then a Democratic senator for Delaware, among those voting for it.
Needless to say, this is but a popular campaign gimmick. It takes 67 votes to amend the Constitution, and Democrats are not amused. It is also a terrible idea for the government to run a balanced budget during times of war and economic distress and it is not clear whether the Republicans’ amendment would include exceptions for such circumstances.
Ryan McNeely smartly notes that the Republicans did not put forward the amendment when they controlled, well, both houses of Congress and the presidency.
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29 Comments
Pingback posted August 10, 2010 @ 12:34 pm
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Comment posted August 10, 2010 @ 6:19 pm
These guys will do anything to keep the Bush tax cuts. Do they really think we don't know whats going on in their itty bitty brains. The American people may have ignored what our politicians were up to in the last 10 years. but the times they be a'changin. I am going to watch them like a hawk.
Pingback posted August 11, 2010 @ 10:53 pm
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Comment posted August 16, 2010 @ 10:52 pm
It would be silly to give a business owner doing business as a Sub S or an LLC the lower tax rate under the Bush cuts. They might do something silly like expand their businesses or hire someone. Let's tax them to death. End the Bush Tax Cuts on Small busness people. Don't give them any help for fear they might hire new employees
Pingback posted August 21, 2010 @ 6:06 am
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