GOP House Will Vote on Balanced Budget Amendment That Permits Unlimited Federal Spending

CNS News ^ | November 15th, 2011 | Matt Cover

[AnAmericanAbroad]

House Republicans are set to vote later this week on a balanced budget amendment (BBA) that would not cap federal spending as a percentage of GDP or require a supermajority to raise taxes.

Majority Leader Eric Cantor (R-Va.) said the vote would probably take place this Friday.

Cantor said that this version of a BBA, H.J. Res 2 -- rather than one that would cap federal spending, H.J. Res 1 -- was the version “overwhelmingly” favored by House Republicans.

[achilles2000]

Of course it won’t happen. at least not through any normal political process.

[To-Whose-Benefit?]

No, No way, and Hell NO!

It took how many years to get the 27th Amendment limiting in office pay hikes?
http://en.wikipedia.org/wiki/Twenty-seventh_Amendment_to_the_United_States_Constitution

And now we find the rascals have exempted themselves from SEC action when they’re engaging in Insider Trading.
http://endoftheamericandream.com/archives/after-all-of-the-crazy-insider-trading-that-now-has-been-revealed-how-can-the-american-people-ever-trust-congress-again

At this rate we’ll end up with a Constitution Amended to the size of an NYC phone book, and All of it completely meaningless, which was the end game to begin with.

We don’t need, or Want, another junk Amendment riddled with escape clauses for back-stabbing electocrats.

[To-Whose-Benefit?]

The problem, as Jed Babbin put it, is that no matter a candidate´s electioneering promises or intentions, the minute they arrive in DC, they all “go native” on us.

The party bosses take them aside and explain it to them.

“That’s all well and good, but if you cross us, on Anything, we´ll shove You offstage.”

The cure for this is the end of the Fed Dept of Ed. and maybe in 20 years we’ll have an electorate that’ll pay attention to the process at All levels from DC on down to their own City Halls.

[bill1952]

See tagline...

[sefarkas]

Putting % of GDP into a constitutional amendment will put the bureaus in-charge of setting spending and taxes. All of the numbers discussed in this post are estimates from various agencies, departments, and the CBO. Do we count GDP on a rolling 12 month basis? There is no way to have a reliable number for the next month or the next year. Even the quarterly GDP number by Commerce is over a month after the quarter has ended and is routinely corrected another month or so later. Tax revenue is similarly estimated. There is no central clearing account summing all of the receipts taken in. Why exclude fine payments and other fees when calculating the tax/GDP ratio? The current crop of Congressmen and Senators are playing us — the primary way to reduce the debt is to reduce the scope of the federal government starting with Depts of Education, Energy, and Commerce. Critical nuclear weapons and econometric functions can be handled by Defense and Treasury respectively.

[TheOldLady]

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[MontaniSemperLiberi]

Why should this congress have the right to make the next congress do anything?

They are responsible for what they vote for. They are not responsible for what the next congress votes for. How simple can it be?

[jimt]

Are they trying to lose the House ?

[PghBaldy]

OK. Sorry for late reply. Have a great Thanksgiving.