Eric Cantor to schedule vote sending fake BBA to States.

Discussion in 'Politics' started by johnwk, Jul 9, 2011.

  1. johnwk
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    johnwk VIP Member

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    SEE: Leader Cantor: House to Consider Balanced Budget Amendment



    WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte:


    “We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure for the House to consider during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order."



    What Eric Cantor seems to hide is, H.J.RES 1 does not contain any section requiring Congress to extinguish an annual deficit created by Congress’s borrowing during the course of a fiscal year. Such a provision would be needed to actually balance the annual budget. But H.J.RES.1 is riddled with loopholes, escape clauses and weasel wording and would actually make it constitutional for Congress to not balance the annual budget!


    It seems apparent that our RINOs in Congress have a plan. They intend to vote to send a “balanced budget amendment” to the States so they may then claim victory in the budget negotiations even though the amendment is totally ineffective in compelling Congress to balance the annual budget. But having sent a “balanced budget amendment” to States they will then “compromise” in agreeing to increase the national debt, which then allows Congress Republicans and Democrats alike, to continue with their current suicidal deficit borrowing and spending.


    For the text of the amendment and its supporters see H.J.RES.1


    Now, let us take a look at Eric Cantor’s RINO, Alice-in-Wonderland balance budget amendment.


    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.


    So, Congress may override the amendment whenever it so desires when 261 House members and 60 Senators agree to continue down an economic path destroying America from within.


    `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.


    Why should the united States be stuck with giving the federal government 18 percent of their “economic output“? This section is designed to lock into place the revenue needed for Congress to continue funding its current unconstitutional expenditures! If Congress were limited to its constitutionally authorized functions, the outrageous 18 percent would not be needed. And why is the definition of “economic output” not defined with the Section? Have we not learned that figures mean nothing to our folks in Washington? Have we not learned how the Congressional Budget Office was used to give phony figures to get Obamacare passed? This section makes it constitutional for Congress to make the section mean whatever it wishes it to mean while picking our pockets. And how many of our Constitutional provisions have been trashed using 290 votes in the house and 67votes in the Senate agreeing to do so?


    `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.


    Another provision to break the chains requiring a balanced budget, and one which cleverly omits a requirement for a specific increase in taxes to equal any proposed increase in the national debt!


    `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.


    This provision is totally meaningless and mere window dressing, especially when figures can be made to mean whatever our folks in government want them to project.


    `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.


    So, under this provision all that is needed is 290 votes in the house and 67votes in the Senate to allow Congress to continue on its path to financially destroy the United States.


    `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.


    After the words “declaration of war is in effect” the weasel wording which follows would be laughable if America’s national debt were not so grave, not to mention a mere majority vote is needed by our RINOs in Congress to give the finger to the entire balanced budget amendment. Each House may ignore the provisions of the amendment by simply declaring an existing military conflict has caused an “imminent and serious military threat to national security“. Have we not just seen how this “crisis” scare tactic mentality has been used to plunder our federal treasury under TARP? How it has been used to bail out auto companies which have blood sucking unions and has been used to send BILLIONS upon BILLIONS of American taxpayer dollars to foreign banks under Congress’ money laundering operations?


    NOTE:
    Brussells and Paris based Dexia SA received 33 billion dollars
    Dublin based Depfa Bank Plc received 24.5 billion dollars.
    The Bank of China borrowed 198 million dolllars.
    Arab Banking Corp, 29% owned by the Libyan central bank at the time, received 73 different loans.


    And we, the American People are left on the hook for this money laundering scheme our folks in Washington have cooked up.



    `Section 7. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.


    And here is the amendment’s crown jewel! It becomes constitutional for Congress, the fox, to apply Alice-in-Wonderland estimates of outlays and receipts in the enforcement of the amendment!


    `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.


    And what happens when total receipts derived from borrowing far exceed 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.'


    _________



    Hey Eric, what provision in your balanced budget amendment actually compels Congress to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year? And if no provision of your amendment compels Congress to actually balance the budget when Congress borrows, how can you truthfully call it a balanced budget amendment?

    Balancing the annual budget is very simple when following our founding fathers intentions.


    When Congress borrows to meet its expenses during the course of a fiscal year, at the close of the fiscal year each State’s Congressional Delegation must return home with a bill in hand for their State to pay an apportioned share in extinguishing the deficit created by Congress.


    JWK


    Our tyrants in Washington force the productive to pay income taxes so they can spread their wealth and buy votes, but the Washington Establishment does not force their beloved 50 % who pay no income taxes to work for the taxes they get
     
  2. Sarah G
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    Sarah G Find the Joy Supporting Member

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    Eric Cantor is good at sending fake signals like when he waved that fake Repub Healthcare plan above his head in a meeting with the president.

    Not sure who Cantor has blown to get a leadership position in the Republican party but he is an idiot.. Truly..
     
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  3. johnwk
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    johnwk VIP Member

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    Actually, this is a Republican Party Leadership rope-a-dope plan to send a phony balanced budget amendment to the states, so our so-called “conservative Republicans” can then say part of the “compromise” in getting the amendment sent to the states is to allow an increase in the national debt limit, which in turn allows the Washington Establishment to continue its reckless spending and borrowing.


    I’m still waiting for Eric Cantor or one of our “conservatives“ in Congress who promote H.R.RES 1, to point to that section of the proposed amendment which actually compels Congress to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year. Keep in mind that without such a provision the proposed “balanced budget amendment” does not compel Congress to balance the annual budget!


    JWK


    "In matters of Power, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution"--- Jefferson
     
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  4. johnwk
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    johnwk VIP Member

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    Is Eric Cantor investing in America’s financial destruction?

    See: Eric Cantor’s Investment


    If this is true, it could explain why Cantor is in favor of a fake balanced budget amendment which would allow Congress to continue its reckless spending and borrowing which in turn is leading to a financial suicidal for America.

    If anyone has more information on this please post it.


    JWK
     
    Last edited: Jul 10, 2011
  5. johnwk
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    johnwk VIP Member

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    SEE: House To Vote On Debt-Ceiling Plan Hinged On Balanced-Budget Amendment


    You bet the debt limit increase is hinged on the “balanced budget amendment“. I have been saying that for weeks!


    It seems only too obvious the Republican Party Leadership has been secretly working with Democrats to increase the national debt and maintain the ability to avoid balancing the budget on an annual basis! But, to pacify the American People who are finally concerned over Congress continually increasing the national debt, both Party Leaderships have decided to use the good-cop bad-cop con game, and the good cops (the Republican Party Leadership) is about to tell us fiscal responsibility is on the horizon with a balanced budget amendment!


    The plan is to allow Congress to increase the national debt, but only if Congress sends a “balanced budget amendment” to the States for ratification. But the good-cops and bad-cops in this game have a dirty little secret! The “balanced budget amendment” they have cooked up (H.J.RES.1) has absolutely no provision requiring Congress to actually balance the budget on an annual basis. As a matter of fact, when studying the proposed amendment it becomes shockingly clear that it is filled with various loopholes and weasel wording, and altering our Constitution as proposed under H.J.RES.1 would actually make it constitutional for Congress to not balance the annul budget! For example see SECTION 6 which allows Congress to set the amendment aside with a mere majority vote claiming an “imminent and serious military threat to national security“!


    The question is, under what section of H.J.RES 1 is Congress actually require to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year? And the answer is, there is no such provision because H.J.RES.1 is not a "balanced budget amendment" as pretended by the Republican Party Leadership. It simply is not intended to deal with annual deficits should Congress borrow to meet its expenses. And the Republican Party Leadership is well aware of their carefully crafted and phony balanced budget amendment.





    But let me assure you our founding fathers did provide a method in our Constitution, specifically intended to deal with deficits, and it is not very “complicated”!


    See, Ratification of the Constitution by the State of New Hampshire; June 21, 1788


    Fourthly That Congress do not lay direct Taxes but when the money arising from Impost, Excise and their other resources are insufficient for the Publick Exigencies; nor then, untill Congress shall have first made a Requisition upon the States, to Assess, Levy, & pay their respective proportions, of such requisitions agreeably to the Census fixed in the said Constitution in such way & manner as the Legislature of the State shall think best and in such Case if any State shall neglect, then Congress may Assess & Levy such States proportion together with the Interest thereon at the rate of six per Cent per Annum from the Time of payment prescribed in such requisition-



    When Congress borrows to fund expenditures because incoming revenues are insufficient for the Publick Exigencies, an apportioned tax is to then be laid among the States using the following constitutionally authorized fair share formula:



    States’ population

    ---------------------------- X DEFICIT = STATE’S SHARE

    Total U.S. Population




    And here is the Fair Share Formula as used by our founding fathers to raise $ 3 MILLION see: an Act laying a direct tax for $3 million in which each State’s Congressional Delegation returned home with a bill in hand for their State’s apportioned share to extinguish a deficit.



    Also see Section 7 of the direct tax of 1813 allowing States to raise and pay their respective quotas in their own chosen way and be entitled to certain deductions in meeting their payment on time.



    Bottom line is, our founding fathers’ intended method to deal with deficits is not “complicated”, and would, if applied, balance the annual budget in a no-nonsense way, create a very real moment of accountability when each State’s Congressional Delegation returns home with a bill in hand for the deficit they helped to create, which is far different from the fraudulent balanced budget amendment titled H.J.RES 1 and is nothing more then a clever scheme to allow the Washington Establishment to continue plundering what America’s businesses and labor have produced.


    JWK


    “The apportionment of representation and taxation by the same scale is just; it removes the objection, that, while Virginia paid one sixth part of the expenses of the Union [under the Articles of Confederation], she had no more weight in public counsels than Delaware, which paid but a very small portion”3 Elliot’s 41
     
  6. johnwk
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    johnwk VIP Member

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    The reason why there is no section in H.J.RES.1 to require Congress to balance the annual budget is because Congress uses its power to borrow so it may then launder the borrowed money by sending it to the IMF and to foreign nations, and to domestic conspirators via grants, loans etc, who then give kickbacks to members of Congress for receiving American Taxpayer dollars.

    Congress’ borrowing power is being used to plunder what America’s businesses and labor have produced. If Congress were forced to balanced the budget on an annual basis, its golden goose would be cooked and members of Congress would no longer be able to “sell borrowed money” for the kickbacks they now get.

    How do you think Nancy Pelosi’s wealth has grown by 62% in just one year, now at $43.4 million in assets with about $8.2 million in liabilities?

    There is big money to be made on Capitol Hill as long as the American People remain asleep at the switch! And to pacify the American People who are beginning to wake up, they are offering a “balanced budget amendment” which cleverly allows Congress to avoid balancing the annual budget when it borrows during the course of a fiscal year.

    Hey, Mark Levin, why is there no wording in the balanced budget amendment you support (H.J.RES.1) which requires Congress to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year? Eh Pal? Is any of that borrowed money coming your way? Tell us Mark, are you really a “good cop” or just playing the role of a good cop in the good-cop bad-cop game?


    JWK

    Our federal government personifies a living creature, a predator: it grows, it multiplies, it protects itself, it feeds on those it can defeat, and does everything to expand its powers and flourish, even at the expense of enslaving a nation’s entire population.
     
  7. johnwk
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    johnwk VIP Member

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    johnwk VIP Member

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    I see that others are acknowledging the Republican Party Leadership’s “balanced budget amendment” is a fraud being perpetrated upon the American People.


    SEE: We Don't Need No Stinking Amendment


    “First, the issue is not whether any given federal budget is balanced, but whether it is constitutional. When the President, Senators and Representatives are sworn into office, they swear an oath to uphold the Constitution, which severely limits the scope of the federal government. No reference is made in the balanced budget amendment regarding the constitutionality of the budget items. It will simply legalize what is now unconstitutional as long as they stay within certain financial limits.”



    As I have been pointing out for years, the “balanced budget amendment” as written and promoted by the Washington Establishment would make Congress’ current misappropriations of federal revenue constitutional, and effectively repeal our Constitution’s existing method of dealing with deficits via the apportioned tax.

    JWK
     
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  9. C_Clayton_Jones
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    C_Clayton_Jones Gold Member

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    Any proposal would be a fake amendment – the entire concept is idiotic.

    Um, it’s already Constitutional for Congress to not have a balanced budget.

    Otherwise this is yet another example of House republicans wasting time on pointless partisan politics that don’t address the Nation’s serious issues.
     
  10. Quantum Windbag
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    Quantum Windbag Gold Member

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    Why is the concept idiotic?
     

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