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Constitutional amendment mandating a balanced budget

constitutional amendment mandating a balanced budget-79

Now before you decide that this is just another Tea Party rant against our RINO leadership, let us take a closer look at some practical difficulties facing a balanced budget amendment.Article V of the Constitution currently requires two-thirds vote in both houses of Congress to initiate a constitutional amendment proposal.

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For additional background information; see CRS Report 97-379 GOV, A Balanced Budget Constitutional Amendment: Background and Congressional Options.This would bind future Presidents and Congresses, and force the difficult spending cuts that will be necessary to bring about a truly balanced budget (the Republican proposals usually also impede the Congress' ability to raise taxes, thereby forcing spending cuts as the only way to balance the budget.) A variety of balanced budget amendments have been proposed.One would think that the Republicans would be actively caucusing to agree on a common proposal.Another issue involves whether such a requirement should be statutory or made part of the Constitution. Another issue involves whether such a requirement should be statutory or made part of the Constitution.Some proponents of balanced budgets oppose a constitutional amendment, fearing that it would prove to be too inflexible for dealing with future circumstances. Some proponents of balanced budgets oppose a constitutional amendment, fearing that it would prove to be too inflexible for dealing with future circumstances.The debate over a balanced budget measure actually consists of several interrelated debates. The debate over a balanced budget measure actually consists of several interrelated debates.

Most prominently, the arguments of proponents have focused on the economy and the possible harm resulting from consistently large deficits and a growing federal debt. Most prominently, the arguments of proponents have focused on the economy and the possible harm resulting from consistently large deficits and a growing federal debt.

Some day, that debt must be paid with your money, as sure as your own personal debts will have to be paid with your money.

It's unacceptable when this spending riptide has us drowning in debt, dragging us further out to sea. Forty-four States already have some type of constitutional balanced budget requirement.

Over the years, we've accumulated Federal debt totalling $65,000 for every family of four. To make our economic future strong, the balanced budget is where we must start.

Beginning well before I became your President, I have fought for a balanced budget amendment.

The chief debate has been on the necessity of making such a requirement a part of the Constitution, but other questions have arisen as well.