Senate passes balanced budget requirement!

Discussion in 'Congress' started by Skeptik, Jan 29, 2010.

  1. Skeptik
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    Skeptik Astute observer

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    It's called "Reid Amdt. No. 3305"

    It passed 60-40. Here's a summary, and a tally of votes.

    Is this for real? You decide.
     
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  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Hmmm I would love to see a balanced budget amendment. Though it's ridiculous that you need a constitutional amendment to get these idiots to apply common sense to their spending habits.

    I did have one problem:

    That is a very ambiguous statement. The way it's stated, it seems to imply they cant raise taxes... but that's not what it's saying. And raising taxes doesnt necessary increase revenue because it also hurts the economy. Lowering taxes does raise revenues. So this would require them to have a super majority to lower taxes?

    Like i said, way too ambiguous. Now say, they cant raise taxes without a super majority and i might not have a problem with it.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    The vote was on clearly partisan lines. and that makes me instantly suspicious as well.
     
  4. Baruch Menachem
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    Baruch Menachem '

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    Meaningless. Silence and apathy, signifiing nothing.

    A real amendment would require 3/4 approval by both houses, and be sent to the states.

    also, there is a loophole in there large enough for a truck. It is actually a semi balanced budget bill. It doesn't include interest.
     
  5. Titanic Sailor
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    Titanic Sailor Senior Member

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    I'll be impressed when they finally vote for a reduced budget one of these years.

    You know, like the rest of the world has already implemented along with our families.
     
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  6. Xenophon
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    Xenophon Gone and forgotten

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    After wasting over a trillion dollrs, NOW they want a balanced budget?

    The bullshit meter just exploded.
     

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