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| | Balanced Budget Amendment - Wikipedia, the free encyclopedia |
 | | The Balanced Budget Amendment is a proposed amendment to the United States Constitution which would require a balance in the projected revenues and expenditures of the United States government. | | | However, the issue of deficit reduction or a Balanced Budget Amendment seems to have little traction as a U.S. political issue as of 2004. | | | The supporters of a "balanced budget amendment" are often conservatives or libertarians whose major motivation is to reduce the size and role of government, or at least limit its growth. |
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http://en.wikipedia.org/wiki/Balanced_Budget_Amendment
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| | TAP: Vol 7, Iss. 29. The Balanced Budget Trap. Karen Paget. |
| | The balanced budget amendment would force future public investment to be paid for with annual operating funds, on a pay-as-you-go basis. | | | Under the balanced budget amendment, additional federal assistance to states would not be automatically available but would depend on either a national tax increase, requiring a roll call vote of a majority of all members in each house, or cuts in non-safety net programs. | | | However, in the case of the balanced budget amendment, a large majority of state legislatures are poised for a quick ratification without even a hearing. |
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http://www.prospect.org/print/V7/29/paget-k.html
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| | Defense Issues: Volume 10, Number 7-- Balanced Budget Amendment's Possible Impact on DoD |
| | Depending on the final provisions of the balanced budget amendment, DoD budget cuts from FY [fiscal year] 1996 to FY 2002 could range from $110 billion to $520 billion. | | | The balanced budget amendment could severely jeopardize America's national security, and that is one of the major reasons for the administration's opposition to it. | | | If the balanced budget amendment were adopted, America's defense posture would be vulnerable to two different problems: the impact on defense to reach a zero deficit and the effect on defense of the annual budget process under the BBA. |
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http://www.defenselink.mil/speeches/1995/t19950110-hamre.html
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| | Hearing on the Proposed Balanced Budget Amendment to the Constitution |
| | Despite this laudable achievement, clamor to balance the budget is rising, as evidenced by the current drive to adopt the balanced budget amendment. | | | The balanced budget amendment would greatly increase the probability of budgetary conflict by requiring a three-fifths vote to raise the public debt limit or to permit spending in excess of receipts. | | | It is sometimes argued that small evasions of a balanced budget rule, say on the order of $20 or $30 billion a year, would be far better than the mega-deficits that have occurred in the absence of such a rule. |
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http://www.brook.edu/views/testimony/SCHICK/19970205.HTM
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| | Balanced Budget Amendment Special Report Series - 1/16/97 |
| | A Legacy of Debt?: The Balanced Budget Amendment and the Next Generation | | | State Balanced Budget Requirements Differ from the Proposed Federal Balanced Budget Amendment | | | Balanced Budget Amendment Would Significantly Increase Risks of a Government Default |
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http://www.cbpp.org/bba.htm
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| | The Balanced Budget Amendment: The Wrong Answer to Runaway Spending |
| | Furthermore, the Balanced Budget Amendment wrongly focuses on the deficit, which is merely a symptom of the larger disease of runaway spending. | | | No budget reform—whether a Balanced Budget Amendment or Taxpayers’ Bill of Rights—could survive the $10,000 per household tax increase (in today’s dollars and incomes) that will eventually be required if these entitlements are not reformed. | | | Discussion of the Balanced Budget Amendment is a positive sign that lawmakers may finally be ready to address the fiscal irresponsibility of the past few years. |
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http://www.heritage.org/Research/Budget/wm580.cfm
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| | Why a Tax Limitation/Balanced Budget Amendment is Needed to Control Spending |
| | Several critics have charged that a balanced budget amendment is unenforceable. | | | Some opponents of the balanced budget amendment have argued that Social Security funds should be excluded because the surplus "masks the true size of the deficit." But Social Security is a government program; the money spent on retirement benefits is government spending, and payroll taxes are government revenues. | | | Opponents of a balanced budget requirement, particularly those in the Clinton Administration, argue that deficit spending is a useful tool to jump-start a sluggish economy. |
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http://www.heritage.org/Research/Budget/BG1104.cfm
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| | Legacy of Debt: balanced Budget Amendment - 1/6/97 |
| | But the CBO analysis shows that a constitutional amendment requiring the budget to be balanced each year is not necessary to avoid the calamity of a debt explosion. | | | The CBO analysis punctures the contention that a constitutional balanced budget amendment is necessary to save us from an economic meltdown or a deterioration in the living standards of future generations. | | | The conclusion to which this leads is that under the balanced budget amendment, the tax increases and cuts in public services that those who are young today will have to shoulder in those years could prove to be very large. |
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http://www.cbpp.org/BBALEGAC.htm
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| | Statement on The Balanced Budget Amendment |
| | The balanced budget amendment, if approved by the Congress and 38 or more of the 50 states, would place in the Constitution not economic micro-management but a fundamental rule of fiscal responsibility--that the people of this country want their elected representatives to deal with the difficult choices involved in taxing and spending in the present. | | | We have debated a balanced budget amendment to the Constitution ever since we lost the sense of fiscal responsibility that led us to balance the budget except in time of war. | | | Passage of the balanced budget amendment by the U.S. Congress would encourage debate about this problem in every state of the union, which would in itself be a benefit whatever the ultimate outcome. |
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http://andrsn.stanford.edu/Other/bba.html
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| | Online NewsHour: Contract With America |
| | Supporters of a balanced budget amendment argue that Congress has shown itself both unwilling and incapable of balancing the federal budget. | | | In 1985, Congress passed the Balanced Budget and Emergency Deficit Control Act (P.L. 99-177; popularly known as Gramm-Rudman-Hollings) to establish steadily-declining deficit targets, supposedly bringing a balanced budget in FY 1991. | | | In September 1987, faced with a projected budget deficit of $183 billion for FY 1988 (far exceeding the $108 billion target), Congress revised the law (P.L. 100-119) and adopted higher deficit levels supposedly bringing a balanced budget in FY 1993. |
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http://www.pbs.org/newshour/bb/congress/cwa/balanced_budget.html
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| | GOP Drops Work on Balanced Budget (washingtonpost.com) |
| | The balanced budget amendment was a cornerstone of the Republicans' "Contract With America" 10 years ago, and halting efforts to resurrect it has underscored party divisions over a budget deficit that will reach $422 billion this year. | | | "The idea that the balanced budget amendment could even be taken up by the Judiciary Committee almost defies description," steamed Stanley E. Collender, a federal budget analyst at Financial Dynamics Business Communications. | | | The timing seemed a bit discordant last week, when the House Judiciary Committee began considering a constitutional amendment to balance the budget, just as Congress moved to pass its fourth tax cut in as many years. |
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http://www.washingtonpost.com/wp-dyn/articles/A60560-2004Sep29.html
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| | CNN.com - House members introduce balanced budget amendment - Feb. 13, 2003 |
| | A group of House members introduced a balanced budget amendment to the U.S. Constitution on Thursday, arguing that recent deficits demonstrate Congress doesn't have the discipline to balance the budget on its own. | | | The last time a balanced budget amendment came up for a vote, in 1997, it came one vote short in the Senate. | | | The White House is projecting budget deficits of $304 billion this year and $307 billion next year. |
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http://www.cnn.com/2003/ALLPOLITICS/02/13/budget.amendment.ap
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| | Letter to Representative F. James Sensenbrenner, Jr. on balanced budget |
| | What has changed since 2000, as far as economic policy-making is concerned? Only the leadership of the Executive branch of government and the irresponsible choices of the Congressional majority. Evidently, the authors of the balanced budget amendment are the villains in their own tale. | | | For instance, a budget that was permanently balanced would freeze the level of federal debt. | | | In popular debate, the alternative to budget balance is often depicted as wretched excess undisciplined borrowing, leading to out-of-control tax cuts and spending increasing, compounded by spiraling interest costs. |
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http://www.epinet.org/content.cfm/webfeatures_viewpoints_balanced_budget_letter
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| | Why Are They Now? - On deficits, Republicans in Congress haven't just changed their minds—they've lost their brains. By Michael Kinsley |
| | The Balanced Budget Amendment passed the House overwhelmingly in 1996 but missed the necessary two-thirds of the Senate by a single vote. | | | He and his colleagues were just as self-righteous about the Balanced Budget Amendment and just as contemptuous of anyone who opposed it. | | | But Bill Clinton pretty much ruined that joke by actually balancing the budget (OK, OK, with some help from those congressional Republicans, along with considerable hindrance and near-universal predictions of disaster). |
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http://www.slate.com/id/2082388
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| | AllPolitics - Dueling Numbers - Feb. 14, 1997 |
| | The findings support Republican criticism that the Clinton budget is not balanced and adds fuel to the GOP fire for a balanced budget amendment. | | | WASHINGTON (AllPolitics, Feb. 14) -- President Bill Clinton's budget proposal would result in a $49 billion dollar deficit by the year 2002, not the $17 billion surplus the White House is predicting, according to early estimates by the Congressional Budget Office. | | | CBO Director June O'Neill described the Clinton plan, released to Congress last week, as "an honest effort" at balancing the budget, but one that falls short when her office's economic numbers are plugged in, instead of the more optimistic White House assumptions. |
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http://images.cnn.com/ALLPOLITICS/1997/02/14/cbo.numbers
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| | George Bush Presidential Library and Museum |
| | A balanced budget amendment is both necessary and appropriate to protect the interests of a group of citizens not now able to represent themselves: the citizens of future generations. | | | The most fundamental change needed in the Federal budget process is a constitutional amendment to require a balanced budget. | | | A balanced budget amendment must also include safeguards against a resort to higher taxes as a means of complying with the constitutional mandate. |
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http://bushlibrary.tamu.edu/research/papers/1990/90042504.html
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| | fiscrespd.txt |
| | Supporters of a balanced budget amendment argue that Congress has shown itself both unwilling and incapable of balancing the federal budget. | | | It requires that the president submit, and Congress pass, a balanced budget each fiscal year unless three-fifths of the whole House and three-fifths of the whole Senate vote to incur a deficit. | | | In September 1987, faced with a projected budget deficit of $183 billion for FY 1988 (far exceeding the $108 billion target), Congress revised the law (P.L. 100-119) and adopted higher deficit levels supposedly bringing a balanced budget in FY 1993. |
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http://www.house.gov/house/Contract/fiscrespd.txt
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| | The Economic and Budget Outlook, Fiscal Years 1998-2007 |
| | The Balanced Budget and Emergency Deficit Control Act of 1985 (popularly known as Gramm-Rudman-Hollings) set annual deficit targets that were intended to lead to a balanced budget in 1991. | | | Along with a constitutional amendment to balance the budget and the extension of the BEA procedures, those and other budget process changes are also likely to be considered in the 105th Congress. | | | Consequently, the law was amended by the Budget Enforcement Act of 1990 (BEA). |
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http://www.cbo.gov/showdoc.cfm?index=2&sequence=7
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| | Phil Gramm: Information From Answers.com |
| | A fiscal conservative, he was a coauthor of the Gramm-Rudman-Hollings Act in the 1980s and later supported a consitutional amendment requiring a balanced federal budget. | | | Gramm and Senators Fritz Hollings and Warren Rudman devised a means of cutting the budget through indiscriminate, across-the-board spending cuts if deficit-reduction targets were not met. | | | They were successful in making the Gramm-Rudman-Hollings Act law, but portions were ruled unconstitutional, and other sections have largely been superseded by other budget-controlling mechanisms. |
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http://www.answers.com/topic/phil-gramm
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| | John Kerry presidential campaign, 2004 - Wikipedia, the free encyclopedia |
| | Kerry believes in "equal pay for equal work." Kerry supported the Gramm-Rudman-Hollings Balanced Budget Act. | | | Kerry is against budget cuts that cause cutbacks in Social Security benefits. | | | Kerry voted against the Defense of Marriage Act (DOMA) in the Senate in 1996 and opposes the proposed Federal Marriage Amendment (FMA). |
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http://en.wikipedia.org/wiki/John_Kerry_presidential_campaign,_2004
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| | Ronald W. Reagan |
| | Synar (1986) Balanced Budget Act violated the separation of legislative and executive powers | | | Gramm-Rudman-Hollings Balanced Budget Act (1985)- provided across-the-board spending cuts | | | Boland Amendment prohibited aid to contras (antileftist rebils in Nicaragua who fought the Sandinistas) |
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http://gaston.k12.nc.us/schools/highland/class/clagg/presidents/RWReagan.html
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| | Prentice Hall Documents Library: Balanced Budget Constitutional Amendment (1995) |
| | It is irresponsible for balanced budget amendment critics to demand in a single legislative vehicle a specific balanced budget plan covering the next 7 years as a precondition for passing the amendment. | | | While a balanced budget amendment to the Constitution may be the only way to keep us on the path toward responsible budgeting, we have taken a few steps down that path already, without the risk of upsetting 200 years of finely balanced constitutional powers among the three branches of our Government. | | | We must balance the budget not just to insert into the Constitution, as valuable as that is, the language of balanced budget, but rather to do so for the spirit of America in reaching financial sanity through the balanced budget that will free us all, including our citizens, for the enterprise of the future. |
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http://cwx.prenhall.com/bookbind/pubbooks/burns3/medialib/docs/balanced.htm
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| | AllPolitics - State Of The Union Response Transcript, 1997 |
| | A balanced budget amendment will lower your house payment, lower your car payment, lower your student loan payments. | | | The Balanced Budget Amendment will force the government to change its ways -- permanently. | | | The biggest step in that direction is an amendment to the U.S. Constitution that demands that the federal government balance its books. |
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http://www.cnn.com/ALLPOLITICS/1996/resources/sotu/transcripts/watts3.html
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| | Cliff Notes - Appendix B |
| | The Balanced Budget and Emergency Deficit Control Act of 1985, the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987, and the Budget Enforcement Act of 1990 assign further duties to the Congressional Budget Office, such as providing budget estimates for the purpose of budget control. | | | CBO also prepares cost estimates for proposals at other stages of the legislative process at the request of a committee of jurisdiction, a budget committee, or the Congressional leadership. | | | Under those titles, CBO must prepare estimates of new budget authority, outlays, or revenues provided by the bills or resolutions, or the costs that the government would incur in carrying out the provisions of the proposed legislation. |
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http://budget.senate.gov/republican/major_documents/reference/cliff_notes/cliffapb.htm
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| | NodeWorks - Encyclopedia: United States Constitution |
| | These include the proposed Federal Marriage Amendment, the Balanced Budget Amendment, and the flag-burning amendment. | | | The most recent state whose lawmakers are known to have ratified this proposal is Kentucky in 1792 during that commonwealth's first month of statehood. | | | Their solution was to devise a dual process by which the Constitution could be changed. |
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http://pedia.nodeworks.com/U/UN/UNI/United_States_Constitution
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| | NodeWorks - Encyclopedia: United States Constitution |
| | These include the proposed Federal Marriage Amendment, the Balanced Budget Amendment, and the flag-burning amendment. | | | The most recent state whose lawmakers are known to have ratified this proposal is Kentucky in 1792 during that commonwealth's first month of statehood. | | | This government lacked, for example, any power to impose taxes as it had no method of enforcing payment. |
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http://pedia.nodeworks.com/U/UN/UNI/United_States_Constitution
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| | Federal Budget Spending and the National Debt |
| | FAQs and Answers on the Balanced Budget Amendment. | | | Soon the interest payment on your loan is bigger than any other item in your budget. | | | on the National Debt is the third largest expense in the federal budget. |
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http://www.federalbudget.com
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| | Budget Book 9/24/98 |
| | The balanced budget amendment is likely to lead to periodic mid-year crises, when budgets thought to be balanced at the start of a fiscal year fall out of balance during the year as a result of extremely slow economic growth. | | | He argues that [the] way to balance the budget is to make the budget decisions we are confronted with, not amend the Constitution. | | | Two other points are the federal budget has a larger impact on the United States economy than state budgets do and many states allow governors to act unilaterally without legislative approval to cut spending in the middle of a fiscal year. |
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http://www.singerfoundation.org/main/essays/Budget1998/Budgetbook98.htm
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| | BRIA(11:3) Balance Budget Amendment, Origins of the income tax, First Income Tax, United States, Term Limits, Federal Budget |
| | The first article examines the federal deficit and debt and probes whether a balanced budget amendment is needed. | | | A Citizen's Guide to the Federal Budget: This web page, updated yearly by the Office of the President, details how the Government raises revenues and spends money, how the President and Congress enact the budget, and how the government has been able to move from deficit to surplus. | | | It is projected that the Government will spend 11 percent of its budget to pay interest on the debt in 2001. |
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http://www.crf-usa.org/bria/bria11_3.html
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