House rejects balanced budget amendment

CNN ^ | Nov 18 2011 | By Alan Silverleib, CNN

[NoLibZone]

The Republican-controlled House of Representatives on Friday rejected a balanced budget amendment to the Constitution -- a setback to GOP leaders and conservative activists who claim the measure is necessary to end the federal government's spiraling deficit spending.

A total of 261 members voted for the measure --- 23 votes shy of the two-thirds majority required for passage -- while 165 members opposed it.

Most Republicans supported the measure; most Democrats voted no.

The vote on the amendment was agreed to by both parties over the summer as part of the agreement raising Washington's debt ceiling. Democratic leaders, however, are vehemently opposed to the idea, arguing that it would force the government into an economically destructive cycle of massive spending cuts.

Sponsored by Rep. Bob Goodlatte, R-Virginia, the measure would have required three-fifths of both chambers of Congress to sign off on any future deficit spending. The amendment's requirements could have been waived in the event of a declaration of war.

"The American people are demanding action," Goodlatte said earlier this month. "They know that it is crucial we rein in the skyrocketing deficit spending that is discouraging investment and threatening to bankrupt our nation.

[boomop1]

Thanks I was not on the right page, as Herman. Didn’t a bill pass that included a Constitutioal Amemdment by Paul but failed in the Senate?

[NoLibZone]

Where may I read of this?

Than you.

[NoLibZone]

I found the requirement.

http://www.cnbc.com/id/45342704

House sets Friday vote on balanced budget proposal

[wild74]

Had no chance of passing, symbolic vote only.I don’t believe in a balance budget anyhow, I think you should have a surplus...So pass a surplus amendment