Even conservatives' think balanced spending budget amendment is a poor choice

GOP senators are proposing a well balanced budget amendment to score political points for 2012. Forcing the federal government into default by refusing to allow the debt ceiling to be raised is the consequence the GOP senators are suggesting if they are not allowed to bring their balanced budget amendment to a vote. Individuals who are informed about spending budget matters do not take the Republican political stunt seriously, considering it is fiscally reckless and has zero chance of becoming part of the United States Constitution.

GOP turns record surplus into record debt

A well balanced spending budget amendment bill is one that over a dozen senators are sustaining. John Cornyn of Texas and Utah's Orrin Hatch wrote the bill together. Congressional Republicans tried to pass a balanced budget amendment during the Clinton Administration in 1992, 1995 and 1997, although Clinton's 1993 deficit reduction package resulted in a $5.6 trillion government surplus by 2001 as projected by the Congressional Spending budget Office. Republicans quit pushing a well balanced spending budget amendment when Bush took office in 2001. By the fall of 2008 when the financial crisis got to its worse, the federal debt had reached $10 trillion because of the Republican Congress and Bush pushing for spending more on tax cuts and wars.

Idea of well balanced spending budget being well known

Now the balanced spending budget amendment has come back. It is being pushed. Having Congress vote on this amendment that will never pass is just political theater, suggests Cornyn even. Cornyn told the right wing site Human Events that "Voters would then know, with very stark clarity, which is for a balanced budget and who is not, and it could have a big impact on the 2012 elections." Republicans are attempting to use blackmail to get this bill passed in congress. In exchange for allowing the federal debt ceiling to exceed its current $14.2 trillion cap, which a fragile global economic recovery depends on, Republicans are demanding that Congress vote on a well balanced spending budget amendment.

Support is limited for amendment

Tax hikes are prohibited in the balanced spending budget amendment, which is just one of the many things integrated. The GOP proposed this bill during the last time Clinton was in office. Robert Rubin, Clinton's Treasury Secretary, said that if this were to occur, it would turn out to be much worse than a recession. The American Enterprise Institute is a conservative group. It said that the most irresponsible action imaginable," is the well balanced budget amendment. The Center on spending budget and Policy is very liberal. It said the amendment would take away necessary benefits for instance joblessness. Since 1788 when the United States Constitution was ratified, there was a reason there have only been 27 amendments to make it. two thirds of the House and Senate must vote yes, then legislatures from at least 38 states must do the same.

Articles cited

CNN Money

money.cnn.com/2011/03/29/news/economy/balanced_budget_amendment/?cnn=yes

Perrspectives

perrspectives.com/blog/archives/001775.htm

Investors.com

investors.com/NewsAndAnalysis/Article/567387/201103281851/Budget-Balance-By-Law.htm