Posted on 07/25/2011 8:28:36 AM PDT by 92nina
The debt limit debate has only produced one serious proposal to rectify the government's spending problem: the Cut, Cap and Balance Act of 2011. This bill, which passed the House and received unanimous Republican support in the Senate was rejected by Senate Democrats who would prefer to bankrupt the country than reform spending. The Cut, Cap and Balance Act would implement spending cuts next year, establish statutory spending caps and require the passage of a Balanced Budget Amendment (BBA) to the Constitution before any new borrowing authority can be exercised. The Cut, Cap and Balance Act is important in that it articulates the BBA MUST INCLUDE a requirement that any tax hike achieve a super-majority to pass in either chamber. This ensures spending cuts, rather than tax hikes, are used to balance the budget. ATR sent an alert today to Members of Congress, warning lawmakers we would rate a vote against any BBA that does not include this necessary protection for taxpayers...
Read more: http://www.atr.org/balanced-budget-amendment-must-include-protections-a6358#ixzz1T87hVGiW
(Excerpt) Read more at atr.org ...
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Stumbleupon and Delicious
is this really an ammendment to the constitution? if so i don’t see it happening anytime soon since 37 states would have ro ratify it.
are they calling it an ammendment but it’s really just a “law”?
I would like to see, cut, cap, flat tax, balanced budget and tax increases only with a super majority.
For example, I don’t want the removal of tax incentives for enviro-nonsense like ethonol to be held up by a super majority.
It’s really an amendment requiring approval of the states.
No. As I understand it, the Cut-Cap-and-Balance legislation REQUIRES, BY STATUTE, that Congress enact Balanced Budget Amendment legislation; which would then have to go to the states and would have to get passage in 2/3 of the states in order to become a new Amendment to the Constitution.
Protect the tax payers? It is too late for that. There is no graceful way to crash.
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