Economy
See other Economy Articles
Title: Boehner: No Debt Limit Solution Til After Vote On Balanced Budget Amendment
Source:
[None]
URL Source: http://tpmdc.talkingpointsmemo.com/ ... -balanced-budget-amendment.php
Published: Jul 15, 2011
Author: Brian Beutler
Post Date: 2011-07-15 12:58:49 by jwpegler
Keywords: None
Views: 6169
Comments: 14
Whatever the ultimate outcome of the debt limit fight, the theatrics will continue in the House of Representatives for another week or so. Scores of House Republicans say they won't vote to raise the debt limit unless a Constitutional balanced budget amendment has been sent off to the states for ratification. And so whatever Speaker John Boehner (R-OH) and other Congressional leaders decide about the real path ahead, he'll hold votes next week on a major spending cut and spending cap plan that includes a hike in the debt ceiling, and, separately, on a balanced budget amendment. The latter would require a two-thirds vote in both the House and Senate and, in its current form, stands little chance of passing either chamber. The votes themselves will put some political pressure on Democrats to support the nominally popular balanced budget amendment, and will allow Republicans to claim they voted to raise the debt limit in the event that the government runs out of borrowing authority. But the so-called "cut, cap, and balance" approach is dead on arrival in the Senate. At a Friday press conference after a meeting with the GOP caucus, Boehner let slip, subtly, that the plan will go nowhere. "The cut cap and balance plan that the House will vote on next week is a solid plan for moving forward," he said. "Let's get through that vote and then we'll make decisions about what will come after." This effort is running parallel to the one leaders of both parties are putting together on the Senate side, in conjunction with the White House. That's where the real solution lies. Boehner's offer is a consolation prize, of sorts, for House conservatives, whom GOP leaders feel they must appease. Hearing Boehner talk about it, you might think they had all the time in the world for symbolic votes. "Senator McConnell pointed out that his plan is being put on the table as a last-ditch effort," he said. "We're far from the time for a last ditch effort."
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: All (#0)
(Edited)
Text of the House Balanced Budget Amendment Article-- Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote. Section 2. Total outlays for any fiscal year shall not exceed 18 percent of economic output of the United States, unless two-thirds of each House of Congress shall provide for a specific increase of outlays above this amount. Section 3. The limit on the debt of the United States held by the public shall not be increased unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote. Section 4. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts. Section 5. A bill to increase revenue shall not become law unless two-thirds of the whole number of each House shall provide by law for such an increase by a rollcall vote. Section 6. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law. Section 7. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts. Section 8. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal. Section 9. This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.'.
I guess the original intent of the constitution was not good enough. So much for conservatives conserving the constitution.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Text of the Senate Balanced Budget Amendment (more restrictive and much better than the House version) Article -- SECTION 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless two thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific excess of outlays over receipts by a roll call vote. SECTION 2. Total outlays for any fiscal year shall not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year, unless two-thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific amount in excess of such 18 percent by a roll call vote. SECTION 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which— (1) total outlays do not exceed total receipts; and (2) total outlays do not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year. SECTION 4. Any bill that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue may pass only by a two-thirds majority of the duly chosen and sworn Members of each House of Congress by a roll call vote. For the purpose of determining any increase in revenue under this section, there shall be excluded any increase resulting from the lowering of the statutory rate of any tax. SECTION 5. The limit on the debt of the United States shall not be increased, unless three-fifths of the duly chosen and sworn Members of each House of Congress shall provide for such an increase by a roll call vote. SECTION 6. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article for any fiscal year in which a declaration of war against a nation- state is in effect and in which a majority of the duly chosen and sworn Members of each House of Congress shall provide for a specific excess by a roll call vote. SECTION 7. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article in any fiscal year in which the United States is engaged in a military conflict that causes an imminent and serious military threat to national security and is so declared by three-fifths of the duly chosen and sworn Members of each House of Congress by a roll call vote. Such suspension must identify and be limited to the specific excess of outlays for that fiscal year made necessary by the identified military conflict. SECTION 8. No court of the United States or of any State shall order any increase in revenue to enforce this article. SECTION 9. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except those for repayment of debt principal. SECTION 10. The Congress shall have power to enforce and implement this article by appropriate legislation,which may rely on estimates of outlays, receipts, and gross domestic product. SECTION 11. This article shall take effect beginning with the fifth fiscal year beginning after its ratification.’’.
Dunderhead, here is the original intent of the Constitution: Article 5 - The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which, in either Case, shall be valid to all Intents and Purposes, as part of this Constitution, when ratified by the Legislatures of three fourths of the several States...
Suddenly the constitution is a living document for you conserva-creeps. Hey, guess what the founding fathers did when they ratified the US Constitution? The purposefully took on the nation's debt.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Wrong again bozo. That's not what the term "living document" means. "Living document" refers to the theory that the courts can interpret the Constitution in context of the times, regardless of what it actually says. Conservatives completely reject this notion. The Constitution specifies a mechanism for amending it. That's what we're doing.
Hold your breath. You'll be as dead as those who did the same waiting for the Equal Rights Amendment to pass.
Good one; however, there are three hags on The View who still are hanging in there.
Don't you DARE talk about the Constitution!!! Ever since the GEORGIA GUIDESTONES went up SECRETLY IN THE MIDDLE OF THE NIGHT the way you "Progressives" ALWAYS do things anyone who supports ANY FORM of "gun control" is not only in VIOLATION of the Constitution, they are either CONFESSED MASS MURDERERS or in league with such with the Guidestones themselves as that confession.
Another kook who thinks the Guidestones are a govt plot. These guidestone guys must be failing because not only has the population increased a lot since they went up, the Supreme Court ruled most severe gun control laws are unconstitutional. Oops! No m ore conspiracy to take your kooks guns. So I hope an old man like you can now die in peace.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Like that would make a difference.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
The constitution has provision for modifying it. It is called amendments. I guess you want to repeal the 13th amendment. Again why do you hate black people. Are you racist? Yes I think you're a racist.
Since one of the first acts of the Federal Govt was to take on debt on purpose the fact that you are introducing an amendment to disallow that means you are violating original intent.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#2. To: jwpegler (#1)
#3. To: All (#0)
(Edited)
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#4. To: Godwinson (#2)
(Edited)
I guess the original intent of the constitution was not good enough. So much for conservatives conserving the constitution.
Their capitalist faction hates the constitution. They would prefer to see the word 'democracy' over the term 'representative republic'.
#5. To: Godwinson (#2)
I guess the original intent of the constitution was not good enough. So much for conservatives conserving the constitution.
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#6. To: jwpegler, mininggold (#5)
#7. To: Godwinson (#6)
Suddenly the constitution is a living document
Any fourth grade history student knows socialism has failed in every country, at every time in history -- Vladimir Putin
#8. To: jwpegler (#7)
The Constitution specifies a mechanism for amending it. That's what we're doing.
#9. To: mininggold (#8)
Hold your breath. You'll be as dead as those who did the same waiting for the Equal Rights Amendment to pass.
#10. To: Godwinson, mininggold, mininggold (#2)
The Fed EXPOSED!!! The FARO RESERVE BANK!!!
#11. To: Coral Snake (#10)
Ever since the GEORGIA GUIDESTONES went up SECRETLY IN THE MIDDLE OF THE NIGHT the way you "Progressives" ALWAYS do things anyone who supports ANY FORM of "gun control" is not only in VIOLATION of the Constitution, they are either CONFESSED MASS MURDERERS or in league with such with the Guidestones themselves as that confession.
#12. To: Godwinson (#11)
...the Supreme Court ruled most severe gun control laws are unconstitutional. Oops! No m ore conspiracy to take your kooks guns.
#13. To: Godwinson (#2)
I guess the original intent of the constitution was not good enough. So much for conservatives conserving the constitution.
#14. To: A K A Stone, lucysmom (#13)
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]