Columbus
Dispatch...
Mandate
balance
Only the Constitution could force
Congress to deal with nation’s debt
October 12, 2011
A
Friday report from the Congressional
Budget Office says that the federal deficit for the fiscal year just
completed
is $1.3 trillion. Meanwhile, a news story in Monday’s Dispatch said
that the
congressional supercommittee charged with cutting $1.2 trillion from
the
nation’s red ink over the next decade is deadlocked.
Even
if the panel overcomes its
paralysis to trim spending by that much, it will take 10 years to
realize the
savings, and that wouldn’t even cover the debt run up in the past year,
never
mind the continued annual deficits projected for the rest of this
decade.
The
panel is stalemated because
Democrats refuse to touch senior entitlement programs, which are
unsustainable,
unless Republicans agree to measures that would increase tax revenue.
But
the problem with agreeing to
increase tax revenue is that there is no way to guarantee that it would
be used
to reduce debt. Politicians being politicians, the more likely outcome
is that
an increase in revenue simply would reduce the pressure on Congress to
end its
profligate spending. Serious action on the nation’s $14.7 trillion debt
once
again would be deferred to another day.
This
is why Congress should be subject
to a balanced-budget amendment to the Constitution. Only such a mandate
could
force the president and lawmakers to balance spending and income. And
only that
would stop the runaway growth of the national debt.
In
its entitlement programs, Congress
has made promises that it can’t keep. And it has been masking this
truth with
borrowing that can’t be sustained. Incapable of resolving this issue on
its
own, Congress needs the spur of a constitutional mandate to act
responsibly.
Read
this and other articles at the
Columbus Dispatch
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