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To: Mister Da
The Balanced Budget Amendment spells out the cap as 18% of GDP.

Anything less than that is just smoke & mirrors.

20 posted on 07/20/2011 5:02:11 PM PDT by newzjunkey (Coburn is a traitor. Obama loves the Gang of Six.)
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To: newzjunkey
The BBA would require concurrence from 2/3 of both houses of Congress. Not likely to happen. Neither would it be ratified by 3/4 of the states. Even if both happened, it could take 10 years - long after we are defaulted.

This is 1/3 of the CCB. The other 2/3 is just as weak.

What sane group of people trade $2.4 trillion for such empty, unenforceable promises?

All the vote does is signal the Senate & Obama that the House is only slightly less irresponsible.

22 posted on 07/20/2011 5:29:34 PM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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