Monday, August 09, 2010



Balancing the Budget... or... republicans are actually contemplating another shot at a Balanced Budget Amendment to the Constitution.

This should send shock-waves through Progressive Ville.

The Hill
Republicans see balanced budget amendment as potent campaign weapon

Senate Republicans are planning a new push for a balanced budget amendment to the Constitution when lawmakers return to Washington after the August recess.

GOP Sens. Jim DeMint (S.C.), Lindsey Graham (S.C.), John McCain (Ariz.) and Tom Coburn (Okla.) will lead the charge in the fall, when Democrats plan to debate raising taxes on families that earn more than $250,000 a year.

It’s the latest campaign in a crusade that conservatives have waged for two decades.

They believe the proposal, which came within one vote of passing Congress in 1995, will gain new political traction in the weeks before the election, when federal deficits are a chief concern of many voters.

“We’ll bring that back between now and the election,” DeMint, chairman of the Senate Republican Steering Committee, told The Hill.

In February, the lawmakers introduced a resolution to establish a balanced budget amendment; DeMint reintroduced it last week so that he could bring it straight to the floor after the recess.

“In the last week there’s been a lot of movement in terms of Republican senators saying we need to press this issue,” said a Senate GOP aide.

The amendment would bar the federal government from spending more than it collects in revenues each year. It would also require a two-thirds majority vote in each chamber to raise taxes.....

Are you required to balance your budget at home?

xtnyoda, shalomed

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