NEWS
July 29, 2011
Today, House Speaker John Boehner scrounged around to find the few votes he needed to pass a deficit reduction and debt limit increase plan, a difficult proposition, as his party's conservative wing has grown bold in its revolt against his leadership. He was forced to add a balanced budget amendment and other sweeteners to appease the tea party caucus. But the task didn't really need to be so difficult. In fact, there were 193 votes ripe for the taking. They're called "Democrats. " Mr. Boehner has resisted crafting a plan that will attract any of them out of the realization that it would irreparably fracture his caucus and threaten his leadership.
NEWS
By Philip Joyce | July 21, 2011
The U.S. government teeters on the brink of an unprecedented, self-inflicted debt default, and the House of Representatives can't seem to keep its eye on the ball. After the House debated the fate of incandescent lightbulbs last week, it approved on Tuesday a bill called, "The Cut, Cap, and Balance Act of 2011. " Among other things, it would tie an increase in the debt limit to approval, by both houses, of a constitutional amendment requiring a balanced federal budget. It is imperative that the federal government reduces unsustainable budget deficits.
NEWS
September 23, 2010
The predictions of big gains for the GOP in November's elections have brought on inevitable comparisons to the Newt Gingrich-led Republican revolution of 1994, and those comparisons got stronger today with the House Republican leadership's release of its "Pledge to America," an obvious echo of the "Contract with America" of 16 years ago. But if the "Pledge" is an echo of its predecessor, it is a weak one. Putting aside the question of whether the...
NEWS
February 3, 1997
ONCE AGAIN the Constitution is under assault by politicians seeking a so-called Balanced Budget Amendment. What is worrisome is that one of these years, maybe even this year, this exercise in dishonesty and irresponsibility will prevail as Washington seeks cover from fiscal problems it would rather ignore. So it is time to get back in the trenches, call up the reserves and do battle against those who would sully the Constitution with an amendment that substitutes economic lunacy for normal legislative procedure.
NEWS
By JACK W. GERMOND & JULES WITCOVER | November 18, 1996
WASHINGTON -- The Republicans have been saying all along that President Clinton rose from the politically dead last year by seizing all their issues.Thus, it was no great surprise when the president suddenly confided the other day that he could live with a balanced budget amendment so long as there was an escape hatch "that gives the country what it needs to manage a recession."Just a day later, however, the president rowed back to his position against such an amendment.Treasury Secretary Robert E. Rubin said the administration would "actively oppose" the conservative proposal and quoted Mr. Clinton as telling his economic advisers he was still adamantly opposed.
NEWS
November 18, 1996
THIS TIME it probably will happen. This time, as a result of the Nov. 5 election, the Senate is likely to muster the two-thirds vote that will send a so-called Balanced Budget Amendment to the states, where 38 yeas would signify approval. Thus, a mischievous gimmick seems destined for the U.S. Constitution -- a gimmick that will not balance the budget but merely give politicians an easy vote for pretending this is so. It is a bad idea whose time, unfortunately, may have come.The amendment fails as an exercise in logic, economics and legislative mechanics:It takes Congress off the hook, postponing achievement of a balanced budget until 2002.