Which he should have done. Which is exactly why there shouldn't be a balanced budget amendment, because you need to be able to go into debt to do what needs to be done sometimes. I'm not advocating unbridled spending on anything and everything, but a Constitutional amendment puts a really big barrier in the way of doing what's necessary.
Picture this: we get attacked (which we were on 9/11), and need to respond with force (which we needed to do in Afghanistan). BUT...we can't mobilize the army because the Constitution forbids us from going into debt. Now we have to quickly repeal the amendment (which isn't a fast or easy thing to do) before we can go to war. That's a bad situation.
off course, off topic, just plain off.....more power to you
live em, libs, love em, they're YOURS
OBAMA'S WARS
Have you noticed we were and are still in two wars.
The DEMS don't control both houses anymore.....none of that will happen without GOP votes.Obama lays out rationale for war in Libya - Yahoo! News
Obama sends 30,000 more troops to Afghanistan - World - CBC News
meanwhile, vote down the bba
work for that debt ceiling increase
back obama's 2012 budget which GROWS the deficit a dizzying THIRTY PERCENT
seeya at the polls, pals
the gop has all 47 on board for the bba
Senate GOP Demand Balanced Budget Amendment for Raising Debt Ceiling - HUMAN EVENTS
it's your move, ms mccaskill
the right always plays some sort of game. Like cutting taxes.
Why don't they simply find the guts to do what needs to be done to cut spending.
Republican senators push for balanced budget amendment – CNN Political Ticker - CNN.com Blogs
Very interesting. I wish that I could agree with this proposal, but changing the rules to approve spending seems to be a huge problem considering our tendency to be so evenly split.
If they took out the two-thirds to increase taxes, I'd be more willing to support the legislation. The failure to take out such a provision would pass legislation that has nothing to do with a balanced budget and everything to do with destroying the ability of the federal government to respond.
DEMS should find it hard to vote against it....if they care what the voters thinks. But even if it passes, remember how long the line item veto lasted....
Why 18%?
Have you noticed we were and are still in two wars. And BTW we have pretty much always had deficits. Nothing new there.
Debt is not always bad, just almost always bad....plus look at the amount of debt and what is being purchased.
IF the debt was budgeted for and incoming funds were assured, and the house and/or car was a reasonable purchase instead of a McMansion and a Hummer SUV....take on SOME debt. Never take on credit card debt.
I am for removing interest as a tax deduction. It subsidizes stupidity.
Obama Calls Tax Cuts the 'Right Thing to Do'
Republican budget: GOP budget would revamp Medicare and Medicaid - chicagotribune.com
meanwhile, the pusillanimous president of the united states p-u-n-t-s
party on, progressives
because we tend to collect 18.5% of GDP in revenue irrespective of our tax rates. they are simply providing the Government with a "fudge" factor in case that historical average drops (say, if unemployment increases).
So this is just a way of keeping themselves honest. as in "look, we passed a balanced budget by assuming that the federal governmentwould collect 25% of GDP in revenues!"
more power to you
live em, libs, love em, they're YOURS
OBAMA'S WARS
...of course, if the US is attacked, we probably would have to pass on retaliation as it might push us over the 18.5% GDP, which would be unconstitutional spending...
Nice theory, but a constitutional amendment to do almost anything, let alone a balanced budget amendment, will never happen in the lifetimes of anyone posting on this board...
I don't care about this. I am seriuos.
Funny how many Conservatives have suddenly become doves...
Please.. And the presence of a GOP president would be shielding them in this war?858 americans martyred in afghanistan since obama was inaugurated, 60% of all us casualties in this longest war in our history
iCasualties: Operation Iraqi Freedom and Operation Enduring Freedom Casualties
OBAMA'S WARS---live em, libs, love em, they're YOURS
Not going to happen. Democrat Senate won't pass it and Obama would never sign it, because it goes against his plan to destroy the economy so he can push his Socialist agenda.
As usual, it's just another political dirty trick to discredit Obama. The $60 billion cut they're pushing, couldn't possibly balance the budget. They'd still be $940 billion short.
The only things House Reps want to do, or can do, is try to kill all existing Dem bills.
ricksfolly
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