Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 5)(Famous Arkansan, Chester Lauck)

 

Video from press conference today with Senators Rand Paul, Jim DeMint, and Mike Lee, unveiling Sen. Paul’s balanced budget proposal.

Photo detail 

Steve Brawner in his article “Safer roads and balanced budgets,” Arkansas News Bureau, April 13, 2011, noted:

The disagreement is over the solutions — on what spending to cut; what taxes to raise (basically none ever, according to Boozman); whether or not to enact a balanced budget amendment (Boozman says yes; Pryor no); and on what policies would promote the kind of economic growth that would make this a little easier.

Over the next few days I want to take a closer look a Cato Policy Report from July/August 1996 called “Seven Reforms to Balance the Budget” by Stephen Moore. Stephen Moore was the Cato Institute’s director of fiscal policy studies, and afterwards, a Cato senior fellow. This article is based on testimony he delivered before the House Committee on Government Reform and Oversight on March 27, 1996. Moore noted:

3.) National Referendum on All Tax Increases

Another populist budget reform that is sweeping the states is the requirement that any tax increase be ratified by a popular vote of the people in the next election. That gives the taxpayers veto power over the state legislature’s efforts to raise taxes. Congress, too, should be forced to take its case to the people when it wants to take more dollars out of our paychecks. It is a virtual certainty that George Bush and Bill Clinton’s wildly unpopular record tax increases would have been blocked if such a rule had been in effect.

Minority Leader Dick Gephardt deserves hearty congratulations for suggesting this reform as part of his 10 percent tax plan. Perhaps a bipartisan consensus could emerge on the issue.

from radio program Lum & Abner. Abner is played by Norris Goff. Grandpap is voiced by Chester Lauck

Chester Lauck

Inducted in 1996

(1902-1980) – Creator, along with Norris Goff, of the radio comedy team of “Lum and Abner.” He was born in Alleene but grew up with Goff in Mena. Their cracker barrel humor was popular in the 1930s, 1940s and 1950s in both radio and the movies. Lauck played the character, Lum. The Lum ‘N’ Abner convention is held each June in Mena, Arkansas. www.chesterlauck.com

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