{"id":4292,"date":"2011-11-17T11:44:41","date_gmt":"2011-11-17T16:44:41","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=4292"},"modified":"2012-02-21T08:50:17","modified_gmt":"2012-02-21T13:50:17","slug":"hous-gop-will-vote-on-balanced-budget-amendment-that-permits-unlimited-federal-spending","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2011\/11\/17\/hous-gop-will-vote-on-balanced-budget-amendment-that-permits-unlimited-federal-spending\/","title":{"rendered":"Hous GOP Will Vote on Balanced Budget Amendment That Permits Unlimited Federal Spending"},"content":{"rendered":"

House Republicans expect begin debate on a balanced-budget amendment to the Constitution as early as today. The measure of the, H.J. Res 2<\/a>, which is part of the debt-ceiling deal Democrats agreed to in August is watered down political cop-out on the part of the Republican leadership. Apparently House Speaker John Boehner thinks this vanilla amendment which merely calls for a balanced budget, and includes no spending limitation or two-thirds supermajority to raise taxes, might just attract enough Democratic votes to pass.<\/p>\n

From CNSNews.com<\/a>:<\/p>\n

House Republicans are set to vote later this week on a balanced budget amendment (BBA) that would not cap federal\u00a0spending as a percentage of GDP or require a supermajority to raise taxes.<\/p>\n

Majority Leader Eric Cantor (R-Va.) said the vote\u00a0would probably take place this Friday.<\/p>\n

Cantor said that this version of a BBA, H.J. Res 2 — rather than one that would cap federal spending, H.J. Res 1 — was the version \u201coverwhelmingly\u201d favored by House Republicans.<\/p><\/blockquote>\n

What is it with the Republican leadership and self-defeating Kabuki theater?\u00a0 This bill is a spectacularly bad idea for several reasons… First,\u00a0Minority Whip Steny Hoyer is actively whipping against the bill, so it’s an open question whether this turd will even pass in the House. But if by some miracle it does, the odds of getting the 67 votes needed to pass in Harry Reid’s Senate are about the same as the Miami Dolphins winning the Super Bowl this season.<\/p>\n

Second it gives political cover to vulnerable Democrats, who can claim they voted for a Balanced Budget Amendment even though know it has no chance of passing.<\/p>\n

Third it paints House and Senate Republicans who favor a tougher version of the amendment,\u00a0H.J. Res 1<\/a>, into a political corner. Democrats and their willing allies in the media will trumpet the fact that Republicans have come around to a “reasonable” compromise on the balanced-budget amendment that would have passed save for the objects of few radical extremists.<\/p>\n

Finally, and most importantly, under Speaker Boehner’s amendment, federal spending could easily rise to 25% or more of GDP as long as the budget is balanced. This is a recipe for disaster that will ultimately lead to higher taxes… We’ve seen this game played out time and again in states that have balanced budget amendments without spending caps — politicians keep spending and raise taxes to pay for it because their state constitution say they have to balance the budget.<\/p>\n

This is how Republicans lose elections, they were winning the debate on fiscal policy,\u00a0but then they lost their focus and started putting political symbolism over substance. They badly misjudged President Obama’s willingness to cut spending and allowed budget debate to move to secret super committee where Democrats will almost certainly torpedo negotiations in and effort to gain a re-election advantage. And now they put forth a hollow balanced budget amendment that Democrats will gladly feign support for, but that has no chance of actually reducing spending or preventing future tax increases… Instead it virtually assures them.<\/p>\n","protected":false},"excerpt":{"rendered":"

House Republicans expect begin debate on a balanced-budget amendment to the Constitution as early as today. The measure of the, H.J. Res 2, which is part of the debt-ceiling deal Democrats agreed to in August is watered down political cop-out on the part of the Republican leadership. Apparently House Speaker John Boehner thinks this vanilla […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[1220,610,720,44],"class_list":{"0":"post-4292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-balanced-budget-amendment","9":"tag-federal-spending","10":"tag-house-of-representatives","11":"tag-republicans","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-17e","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4340,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/01\/24\/video-1000-days-without-a-budget\/","url_meta":{"origin":4292,"position":0},"title":"Video: 1,000 Days Without a Budget","author":"Jeff","date":"January 24, 2012","format":false,"excerpt":"We've reached something of grim milestone... It has now been 1,000 days since federal government has had an actual budget: http:\/\/www.youtube.com\/watch?feature=player_embedded&v=QG0stsk3Ljs#! I can't say it any better than Tina Korbe: No matter what measure you use, government spending has increased since 1965. Total government spending has more than doubled. Federal\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QG0stsk3Ljs\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1856,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/01\/paul-ryan-the-gops-alternative-budget\/","url_meta":{"origin":4292,"position":1},"title":"Paul Ryan: The GOP’s Alternative Budget","author":"Jeff","date":"April 1, 2009","format":false,"excerpt":"Paul Ryan the ranking Republican on the House Budget Committee lays out the GOP's alternative budget proposal in an Op Ed in Today's Wall Street Journal: Here's an outline of what we propose: - Deficits\/Debt. The Republican budget achieves lower deficits than the Democratic plan in every year, and by\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4158,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/08\/13\/the-fallacy-of-the-101-mix-of-spending-cuts-and-tax-hikes-question\/","url_meta":{"origin":4292,"position":2},"title":"The fallacy of the 10:1 Mix of Spending Cuts and Tax Hikes Question","author":"Jeff","date":"August 13, 2011","format":false,"excerpt":"I suspect most of you have seen or heard about this exchange during the Republican Presidential Debate in Iowa last Thursday night: http:\/\/www.youtube.com\/watch?v=ASQNITVweLo&feature=player_embedded It was a bullshit question, first of all unless those spending cuts are immediate they'll never materialize... particularly when the baseline for negotiations is that the taxes\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/ASQNITVweLo\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2980,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/11\/10\/house-passes-health-care-refore-bill\/","url_meta":{"origin":4292,"position":3},"title":"House Passes Health Care Refore Bill","author":"Jeff","date":"November 10, 2009","format":false,"excerpt":"I meant to post this yesterday but it slipped through the cracks of what was another manic Monday. The House of Representatives passed Nancy Pelosi's 1,990 page health care reform bill by a vote of 220 to 215 on Saturday night. The House of Representatives late Saturday night approved a\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1550,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/19\/whoa-jim-demint-to-force-vote-on-fairness-doctrine\/","url_meta":{"origin":4292,"position":4},"title":"Whoa: Jim DeMint to Force Vote on Fairness Doctrine","author":"Jeff","date":"February 19, 2009","format":false,"excerpt":"Sen. Jim DeMint (R-SC) plans on forcing a vote on a bill that wuold block the Federal Communications Commission from reinstating the Fairness Doctrine next week. The bill which is co-sponspored by Sen. John Thune (R-SD), and 27 others and will be offered as an amendment to the D.C. Voting\u2026","rel":"","context":"In "Culture"","block_context":{"text":"Culture","link":"https:\/\/www.jasetaro.com\/blog\/category\/culture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1525,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/15\/federal-obligations-exceed-world-gdp\/","url_meta":{"origin":4292,"position":5},"title":"Federal Obligations Exceed World GDP???","author":"Jeff","date":"February 15, 2009","format":false,"excerpt":"I tend to be skeptical of articles like this one from World Net Daily: Federal obligations exceed world GDP Does $65.5 trillion terrify anyone yet? By Jerome R. Corsi, February 13, 2009, WorldNetDaily As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/4292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=4292"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/4292\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=4292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=4292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=4292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}