3 thoughts on “Balanced Budget Amendment Fails in House Vote”

1. I’m all for responsible government. I would love it if our government could operate deficit free. However the last time that our government when more than 5 years without a deficit was 1920-1930 (http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist01z1.xls).

   Expecting our government to work debt free just because you say so isn’t realistic. The yearly 3/5 vote to allow a deficit would just become a formality that gives GOP representatives the chance to grandstand.

   Here’s the text of the bill: http://thomas.loc.gov/cgi-bin/query/z?c112:H.J.RES.2:

   All the proposed amendment does is lay the blame of any fiscal problems at the feet of the executive branch. I’m glad this didn’t pass.

   Log in to Reply

2. The whole “balanced budget” sound bite is ludicrous in concept and would be a disaster if it was ever applied.

   The fallacy of “you have to balance your household budget every day” is pure BS. The fallacy of corporations balancing that budget every day or year is ludicrous. There is no need or reason to do so, yet the Republicans hate (they hate a lot of things) of Keynesian economics is such they will say and do anything, including destroying America, to “prevent” deficit spending. BS

   Deficit spending is good, especially in constricting economic times (gee just like the last 5 years). As is taxing the ultramillionaires. Clinton showed how it works right. Bush and the clowns (along with a bunch of Dems) show us what happens when you do not.

   Log in to Reply

3. The proposed amendment isn’t really about balancing the budget: it’s about codifying the GOP’s ideology of never raising taxes and cutting (or destroying) government by any means necessary.

   If the amendment was really about balancing the budget, it wouldn’t have including section 4, which makes it difficult to raise revenue.  

   Log in to Reply