Townhall
Finance...
Who
Cares About Balanced Budgets
by John Ransom
November 19, 2011
The
Balanced Budget Amendment that was
agreed to be presented to Congress as part of the debt ceiling deal
late last
summer failed of passage in the House gaining 261 votes in favor with
165
opposed. The vote fell 23 votes short of the two-thirds requirement
under the
constitution to pass out of the House.
“The
vote Friday ran largely along
party lines,” reports the CS Monitor, “with 261 supporters including 25
Democrats
and all but four Republicans.”
From
the National Journal:
But
it faced a steep, uphill climb to
get to the two-thirds votes needed to pass. Republicans depicted the
amendment
as a way to force Congress to live within its means by ensuring total
federal
spending each year does not exceed total revenues. (Its limitations
could be
waived in the event of war.) Democratic leaders actively opposed it,
arguing it
could lead to sharp cuts in domestic spending based on House Republican
budget
priorities.
But
in my opinion, the vote shows that
at least in the House the BBA is alive and kicking.
Expect
the issue to be a major one
during the 2012 election cycle in the presidential race, US Senate
races and
House races.
If
no one else will bring it up, I’ll
probably mention it daily.
Because
it’s clear that federal system
needs the type of restraint that a balanced budget amendment can
provide.
But
others think that the vote today
was one of those “I voted for the BBA before I voted against the BBA”
moments that
just serve to provide political cover for not doing anything.
Our
friend, Tina Korbe, over at Hot
Air observes:
Today’s
vote is troubling for another
reason, too. This gives politicians the opportunity to curry
unwarranted favor
with the many Americans who support a balanced budget amendment. Today
provides
cover to both Republicans who promised to take action on a BBA and to
Blue Dog
Democrats, who most assuredly would have voted against a BBA with caps
and a
supermajority requirement. Now, all 261 representatives who voted in
favor of
the BBA can say, “Don’t blame us for the deficit and debt. We voted in
favor of
a balanced budget amendment.”
And
indeed, as Korbe points, even
budget stalwart Paul Ryan voted against the amendment because it didn’t
cap
spending. Ryan saw it as an opportunity to increase taxes and spending.
I’m
more optimistic.
As
I said during the aftermath of debt
ceiling debate, the debt ceiling deal –and the BBA that went along with
it-
represents the government that we have now.
Conservatives can’t expect to get everything
they want just because we
won ONE election cycle.
It’s
the citizens’ job to change that
government in 2012. And it’s conservatives’ job to get them to care
about it
issues important to conservatives.
I’m
very confident the citizens will
persuade members of the House to vote the right way in 2013.
What
do you think?
Vote
in our poll on the Balanced
Budget Amendment.
Read
this column and vote, along with
other columns at Townhall Finance
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