GOP adds constitutional amendment to budget fight

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GOP adds constitutional amendment to budget fight

WASHINGTON (AP) — Congressional Republicans are rallying behind a long-shot bid for a constitutional amendment requiring a balanced budget. But they're divided over conservatives' efforts to demand its passage as their price for backing any increase in the government's borrowing limit

http://news.yahoo.com/gop-adds-constitutional-amendment-budget-fight-190757159.html

why would anyone be against this?
 
and on a state level, i can see it working. but the fed level is just all kinds of whacked out to make it work.

lets face it. the feds have taken a constitution that was supposed to limit their power and made it a weapon against the people that wrote it.
 
SmarterThanYou said:
and on a state level, i can see it working. but the fed level is just all kinds of whacked out to make it work.

lets face it. the feds have taken a constitution that was supposed to limit their power and made it a weapon against the people that wrote it.
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too big to fail? if the states can do it, so can the feds and more so they should.
 
SmarterThanYou said:
and on a state level, i can see it working. but the fed level is just all kinds of whacked out to make it work.

lets face it. the feds have taken a constitution that was supposed to limit their power and made it a weapon against the people that wrote it.
Click to expand...
All the more reason to back such an Amendment....
Its time we got some control over our government and teach them, THEY WORK FOR US at OUR PLEASURE,,,,,
 
I would have to see the wording of any balanced budget amendment before I could support it. Any balanced budget amendment would need to have some kind of emergency provision included. Imagine how hog-tied we would have been if there were a strict, no excuses balanced budget requirement during WWII. OTOH, any emergency provision would also have to be written so the drunken sailors on shore leave who make up our congress could not use it for everry pet project they come up with that does not fit a balanced budget.

One thing I would rather see is a provision (amendment?) that does not allow congress to use slight of hand to spend revenues that are brought in for specific purposes. Gas taxes are imposed specifically for highway maintenance, yet not all taxes derived from gasoline taxes get spent on their intended purposes. And, of course, there is the entire fiasco in which the entirety of the Social Security Trust Fund was sold off as U.S. T-bills, and the revenues from the sale of T-bills subsequently spent via the general fund, leaving nothing but IOUs in the trust fund. If those funds were not spent elsewhere, there would be no scare mongering from the democrats about the consequences of not raising the debt ceiling. It's outright criminal - and both parties were involved in the spending spree - that the government is faced with borrowing more money to buy back the T-bills that currently represent the value of the SS trust fund.
 
Good Luck said:
I would have to see the wording of any balanced budget amendment before I could support it. Any balanced budget amendment would need to have some kind of emergency provision included. Imagine how hog-tied we would have been if there were a strict, no excuses balanced budget requirement during WWII. OTOH, any emergency provision would also have to be written so the drunken sailors on shore leave who make up our congress could not use it for everry pet project they come up with that does not fit a balanced budget.

One thing I would rather see is a provision (amendment?) that does not allow congress to use slight of hand to spend revenues that are brought in for specific purposes. Gas taxes are imposed specifically for highway maintenance, yet not all taxes derived from gasoline taxes get spent on their intended purposes. And, of course, there is the entire fiasco in which the entirety of the Social Security Trust Fund was sold off as U.S. T-bills, and the revenues from the sale of T-bills subsequently spent via the general fund, leaving nothing but IOUs in the trust fund. If those funds were not spent elsewhere, there would be no scare mongering from the democrats about the consequences of not raising the debt ceiling. It's outright criminal - and both parties were involved in the spending spree - that the government is faced with borrowing more money to buy back the T-bills that currently represent the value of the SS trust fund.
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excellent points
 
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