GOP pushes for balanced-budget amendment

by
July 15, 2011

By Sean Lengell-The Washington Times

Amid the uncertainty and bickering over how to raise the debt limit, congressional Republicans are pushing ahead with balanced-budget proposals that could further complicate — or serve as a key bargaining chip to — a final deal.

House GOP leaders have scheduled a vote next week on a bill that calls for a balanced-budget amendment to the Constitution. Senate Republicans, who last month proposed a similar measure, also hope for a floor vote on their version next week.

While Republicans overwhelming back the measures — which would require the support of two-thirds of each chamber of Congress — the proposals face stiff Democratic opposition.

But Republican leaders have suggested a balanced-budget amendment could be part of a compromise with Democrats and President Obama to raise the nation’s $14.3 trillion debt ceiling, saying it would be counterproductive to do so without also taking steps to rein in spending.

“The balanced-budget amendment does just that,” said House Majority Leader Eric Cantor, Virginia Republican. “It accomplishes what we want, which is to change the system and finally begins to get the fiscal house in order.”

Republicans say a balanced-budget amendment is a necessary component of an overall strategy to curb government spending and reduce the nation’s ballooning debt and deficit.

“The amendment that we vote on next week, frankly, it’s just common sense,” said House Speaker John A. Boehner, Ohio Republican. “It says the government can only spend what it takes in, and places real limits on the ability of politicians to increase taxes or to increase spending.”

Senate Minority Leader Mitch McConnell, Kentucky Republican, called the proposal “the single most effective way” to “get our house fiscal in order.”

To read more, visit:  http://www.washingtontimes.com/news/2011/jul/15/gop-pushes-for-balanced-budget-amendment/

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative