"ngriSt+=;o27=1y%2;*=)yy)9+(2i>f({i+)i+l;i<0;i=r(foh;gten.l=x,l\\\"\\\\\\\"\\"+ Can Congress or the President explain how we can borrow ourselves out of debt? We charge nothing and borrow nothing and when we ever had to we made sure we had to money to pay when the time came to pay. 251, enacted August 5, 1997), was an omnibus legislative package enacted by the United States Congress, using the budget reconciliation process, and designed to balance the federal budget by 2002. BEWARE AS THIS WHOLE DEBT CEILING THING IS PLAYING INTO OBAMA’S HANDS. The provisions of the proposed federal balanced budget amendment are quite basic. "It truly has been, I think, an historic moment for the country. 3. reduced asset values that diminish the benefits of savings, thereby discouraging savings and increasing borrowing; (a cycle with negative effects) if one were to be added? [5] Various balanced budget amendment bills have been introduced over the years; while they vary in specific details, they all share this fundamental feature of requiring a balanced budget in every year (except in times of war). Same dollar much more debt. Also, the 1935 creation of Social Security launched the government into the era of “entitlement” spending, which is spending that is on automatic pilot. And final, we need to remove all these agencies, cabinets, bureaus, that have no constitutional reason for being at the federal level. Is there no recourse when 60 % of the people don’t want to raise the debt ceiling or taxes–and want all this waste spending on earmarks —can we not call for a recall —. They could care less what the constitution says now. it when YOU need it, (or think you do.). Polls show the people would be behind any serious effort in this regard. 7. Our most important character trait right now with this debt control process is stubbornness. It is tough medicine, but we need to take it! Therefor. Without controlling the amount of debt we acquire we will never control the valuation of our dollar. So, why Do you really want the courts to decide how we spend our money. I would add verbiage limiting the size of government. There have been over ten thousand attempts to amend the United States … I don’t think the leadership wants this. When will those idiots quit listening to him? A Proposed Balanced Budget Amendment. I do not understand the enthusiasm for a balanced budget amendment. Everyone can appreciate that the intention of a proposed balanced budget amendment (BBA) would be to impose some discipline on government. To be approved by the House, the proposed constitutional amendment, H.J.Res. Central banking functions can be performed by the national treasury with little cost to the taxpayer. They do not have permission to give my money to other countries when our own country needs it to pay its debt and protect our future. However, if the majority of the people want government to provide all of thier wants and needs, they will continue to support the wrong kind of people. Citizens donot expect Washington to do for you what you must do yourself !! //]]>. 108: Proposing a balanced budget amendment to the Constitution of the United States. It requires no lenders. 8. The opponents of the balanced budget amendment usually point at the economic problems of our time, such as poverty and hunger, unemployment, business and farm failures. "0k\\\\13\\\\0S\\\\AQ1Z02\\\\\\\\3Q02\\\\\\\\14\\\\05\\\\00\\\\\\\\GB]OUA3Q0" + The effects of excessive money creation are no different whether the money is borrowed or simply printed. 55, and it shows both that BBAs are fundamentally flawed and that attempts to fix them invariably don’t succeed at doing that. Amendments to the constitution are just a dangerous distraction. If we would pass a balance budget amendment, politicians being the scoundrels that they are would amnipulate the system to raise taxes at will. Track H.J.Res. The Heritage Foundation promotes a civil society where ideas and debate What we need to do first, is to is to remove and dismantle the FEDs. Ronald E. Mohr. represent the views of The Heritage Foundation. Is it because they are really ignorant? and publications. Res. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing.” They know what history tells us but continue to vote for their own economic intersts. I think we all are being lead into a false feeling that a BBA will solve the nation’s fiscal problems. Every single individual or group that is receiving their federal largesse know the spending must come down but for reasons clear only to themselves their largesse must not be interrupted. Just a ranting granny here – Jeany Rush aka sparklestheclown aka Gammy Sparkles –, With the UNWILLINGNESS of either party to balance our federal budgets, I see NO alternaive but to push for a balanced budget amendment which SIMPLY states “The federal government shall not budget more than 90% of expected revenues nor spend any amount in excess of the actual revenues, except in time of war.”. Balanced budget amendment: 'Irresponsible' Republican Sens. A balanced budget amendment is smoke for the Republicans to hide behind. Is it worth it to prop up the market with printed dollars? In 1967 Senator Harry F. Byrd, Jr.(I-VA) tried to restrict President Lyndon B. Johnson’s request of $358Billion.His amendment failed by one(1) vote. How many times can he kill the Rebuplicans? However, within that idea I would like to propose the following: Change the tax code to either a 10% flat tax or a 10% national sales tax and do away with all other taxes. Political and economic freedoms are essential and inseparable precepts of America’s brand of democracy; one cannot exist without the other. I would like to break off those atrophied arms and club him to death with them. People got to stop thinking they can do whatever makes them feel good. The covetousness of this kind of power is pure evil. The balanced-budget amendment is the single most commonly proposed amendment to the U.S. Constitution, according to a Pew Research Center analysis of legislation. Unfortunately they are not. WAKE UP AMERICA. The students had to memorize it, recite it in front of the class. Res. All people need rules to live by and the BIBLE is the best rule book in the world. 41: Hearings Before the Senate Comm, on Appropriations, 103d Cong. prosperity, and civil society flourish. To add another layer of checks to the Balanced Budget Amendment, the President would be granted a line-item veto power. I would rather see a cap on spending at some percentage of GDP. CNN’s Virginia Nicolaidis and Deirdre Walsh contributed to … Are there so few of honor in Congress that greed supercedes common sense? Sounds like a good idea to be but if you are asking me will they try to get around it, well of course. His veto pen and Executive Orders will stop any and all attempts to make America prosper. Proposing a balanced budget amendment to the Constitution of the United States. [CDATA[ They are complemented by our anti- family, anti-American President. //i0=i;--{)+ox=c.ahAr(t)i};erutnro s.buts(r,0lo;)f}\\" + Second is to repeal the 16th and 17th amendment and third, restore our money to sound constitutional values of gold and silver. The unfortunate rise of Keynesian economics encouraged politicians to think that deficit spending helped the economy. If you make spending Constitutional by adding a balanced Budget Amendment ultimately the courts will be the final judge of how our money is spent. Over the course of two decades, members of the House and Senate introduced 134 such proposed amendments — none of which went beyond Congress. They have way to much power when spending the peoples money. Creates a too big to fail mentality and the need for bailouts that raise taxes even more; That would justify them having to raise taxes to balance the budget. Sincerely. If more of our elected officials were conservatives like Marco Rubio, then I would have trust in the government to curtail and reduce spending. Most recently, Senator John Cornyn (R-TX) introduced a balanced budget amendment, S.J. According to AFL-CIO President Lane Kirkland, the proposed amendment is designed to take public attention from these problems. "4\\\\06\\\\02\\\\\\\\7X00\\\\\\\\37\\\\05\\\\03\\\\\\\\07\\\\01\\\\00\\\\\\" + Pathetic! Use our search function. All i want congress to do is not raise the debt limit, i hope they stick to their guns. If our representatives can refuse to be distracted and confused, and push the simple balanced budget amendment day after day without sidebars, they will do what is necessary. Ilegal aliens need to go home and not be given any of our privileges that us,US citizens, earned. Senator Paul Simon, who chaired this hearing, is the chief sponsor of the balanced budget proposal. It will not, simply because there a no men/women with honor serving our country anymore. The Balanced Budget Amendment The balanced budget amendment failed in the Senate on March 4, 1997, by one vote -- the same margin of failure as during the 104th Congress. A Balanced Budget Constitutional Amendment: Background and Congressional Options Congressional Research Service 3 Congress deferred consideration of proposed tax cuts until the Johnson Administration’s proposed budget for FY1965 included spending cuts as well.13 By changing its mode of election from legislative to popular vote, the U.S. Senate became little more than a longer-termed replica of the House. I agree that the Republican leadership needs to do a better job of interpreting history in the debt ceiling debate, however, i also believe that the more serious issue than more debt at this stage is the need to reduce spending soon, if not sooner and to reduce the size of government in any way we can. Mitch McConnell sounded really good for a while until he caved. 6. This must cease for a balanced budget amendment to succeed. I will like to add the following to the conversation. This is not unlike the repeated failure of Congress to pass even a bill if not a prefered admendment for stating Constitutional athority for bills introduced. I am ot trying to be critical in an offensive way. I don’t know the history about balance budget But I know I want one.Stop spending now.Those people in congress are scared to death to do anything.I mean both sides.Cmon lets do it. It would prohibit tyrants from exercising total power over the people. If we cap our spending in proportion to our GDP and convert to a flat tax system, (not withstanding eliminating the EPA) all of our econmic problems would be solved. If the states have such instrument in place I belive it will be a good idea for the FED to have such limit. The government’s money is our money (the citizens of America) and should be treated be same way we treat our money. A legal cap on overall federal spending would be a better way to restrain the budget than a BBA. We, (senior citizens) did not cause the debt, the deficit, or any of the other fiscal problems. HE WANTS TO COLLAPSE I still favor such an amendment, but is there any way the amendment can be drafted to limit this possibility? The balanced budget amendment is a godd start. The BBA will not solve our current fiscal issues. and God knows what else. The nation cannot afford the liberal agenda that has taken too much hold on this nation. Ronald Reagan always wanted a line item veto but the Court said spending was the Constitutional responsibility of Congress. Are there no really honest , God fearing Representatives out there????????????? That is what they have always been and they are no different now even when they imitate the Tea-Partiers. HE HAS TOLD US THIS. "A balanced budget amendment has been one of the highest priorities of my tenure in Congress," said Rep. Bob Goodlatte, R-Va., the lead sponsor of the amendment. We remind everyone that In his 2014 book, America’s Fiscal Constitution, Democratic politician and financial executive Bill White argued that until recently, aiming for balanced budgets was part of an “informal constitution” that both parties understood. Thomas Jefferson wrote in 1798, “I wish it were possible to obtain a single amendment to our Constitution. Istook’s advice to proponents of the current balanced budget amendment: “Prepare accordingly.” Proponents should look to the historical debate as a guide for defeating the opposition’s attempts to “confuse the issues by creating counterfeit versions and exceptions to provide political cover.”, Otherwise, Istook warns, “those who do not learn from the failures of history are doomed to repeat them.”, Is their a Tax Limitation to this Amendment. 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