House prepares to vote on balanced bu...

House prepares to vote on balanced budget proposal

There are 8 comments on the Boston Herald story from Nov 18, 2011, titled House prepares to vote on balanced budget proposal. In it, Boston Herald reports that:

The House is voting on a constitutional amendment requiring a balanced budget, a step some see as the only way to fix a Congress deeply divided over how to put its fiscal affairs in order.

Join the discussion below, or Read more at Boston Herald.

“If it ain't broke don't fix it”

Since: Jul 09

Arcadia, LA.

#1 Nov 18, 2011
Balanced budget? Since it would be good for he country, the Democrat Senate and President would never sign off on it.
discount debts

Sun City, AZ

#2 Nov 18, 2011
just tak a vacation n personna holliday benefit and go home DC!!! ;-000000h, don't 4get to pay mi

“i hope we can change this!”

Since: Aug 08

usa

#3 Nov 18, 2011
in lieu of a balanced budget proposal...how about the proposal attributed to warren buffet.

1.No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when he/she is out of office.
2.Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
3.Congress can purchase their own retirement plan, just as all Americans do.
4.Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
5.Congress loses its current health care system and participates in the same health care system as the American people.
6.All members of Congress must equally abide by all laws they impose on the American people.
7.Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.
8.All contracts with past and present Congressmen are void effective 1/1/12.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#4 Nov 18, 2011
Congress can't even agree on a minor $1.5 trillion in cuts over 10 years; how are they ever going to agree on cuts of $1.5 trillion EACH YEAR?

A balanced budget amendment is a pure political ploy and everyone knows it. Even if it could be passed (highly unlikely) Congress would just use accounting gimmicks to claim the budget was balanced each year. More & more spending would just be moved "off book" like the 100's of billions spent on the Iraq war was during the Bush years.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#5 Nov 18, 2011
Even the GOP isn't dumb enough to vote for this amendment. They'd have to get 290 votes in the House, 67 in the Senate, and 38 states to ratify it. Not going to happen.

And the amendment allows deficit spending in the case of "war", but that term isn't defined as a formal Congressional declaration of war, so this 10 year ongoing never ending "war on terror" would qualify.

So this amendment would do nothing to actually balance the budget.
jon

Eatontown, NJ

#6 Nov 18, 2011
carey529 wrote:
in lieu of a balanced budget proposal...how about the proposal attributed to warren buffet.
1.No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when he/she is out of office.
2.Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
3.Congress can purchase their own retirement plan, just as all Americans do.
4.Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
5.Congress loses its current health care system and participates in the same health care system as the American people.
6.All members of Congress must equally abide by all laws they impose on the American people.
7.Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.
8.All contracts with past and present Congressmen are void effective 1/1/12.
i second that motion.
jon

Eatontown, NJ

#7 Nov 18, 2011
a den of thieves with no common good. they presume they have pricing power with taxation when they spend like drunken sailers and move funds around out of the d.o.t. for bike trails and parks instead of roads and bridges.
drink the hive

San Dimas, CA

#8 Nov 18, 2011
It Seem' Like I Keep Finding New And More Ridiculous Thing' About The "Super Committee" - Its A Entertaining Specimen...

http://www.policymic.com/articles/2335/photo....

http://api.ning.com/files/wMSv9gxIv97E6uboX-6...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Steny Hoyer Discussions

Title Updated Last By Comments
News House Floor Becomes Battleground for Social Issues May 19 Three Days 9R 1
News Hoyer blasts GOP for 'empty words' on opioid cr... May 6 Jesus Latter Day ... 22
News Paul Ryan is not running for president -- or pa... Apr '16 Three Days 1
News White House Isn't Backing Down On Deportation R... Jan '16 wild child 1
News Dems want immediate halt to Obama refugee depor... Jan '16 wild child 1
News White House Says More Work Needed Before Any Ir... Jan '16 Ritual Habitual 1
News Maryland's Political Clout Rests in Elijah Cumm... (Oct '15) Oct '15 Hoosier Hillbilly 2
More from around the web