It is apparent from this statement below that Senator Mark Pryor is against the Balanced Budget Amendment. He has voted against it over and over like his father did and now I will give reasons in this series why Senator Pryor will be defeated in his re-election bid in 2014. However, first I wanted to quote the statement Senator Pryor gave on December 14, 2011. This information below is from the Arkansas Times Blog on 12-14-11 and Max Brantley:
THREE CHEERS FOR MARK PRYOR: Our senator voted not once, but twice, today against one of the hoariest (and whoriest) of Republican gimmicks, a balanced budget amendment. Let’s quote him:
As H.L. Mencken once said, “For every complex problem there is a solution which is simple, clean, and wrong.” This quote describes the balanced budget amendment. While a balanced budget amendment makes for an easy talking point, it is an empty solution. Moreover, it’s a reckless choice that handcuffs our ability to respond to an economic downturn or national emergencies without massive tax increases or throwing everyone off Medicare, Social Security, or veteran’s care.There is a more responsible alternative to balance the budget. President Clinton led the way in turning deficits into record surpluses. We have that same opportunity today, using the blueprint provided by the debt commission as a starting point. We need to responsibly cut spending, reform our tax code and create job growth. This course requires hard choices over a number of years. However, it offers a more balanced approach over jeopardizing safety net programs and opportunity for robust economic growth.
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Senator Mark Pryor will lose his bid for re-election in 2014 BECAUSE HE IS AFRAID TO TELL THE TRUTH ABOUT ENTITLEMENTS AND THEN TO DO SOMETHING ABOUT THEIR FUTURE WHICH WILL BANKRUPT THIS NATION IF LEFT ALONE ANY LONGER.
Two key principles should govern congressional consideration of an amendment to the U.S. Constitution that requires the federal government to balance its budget:
First Principle: A Balanced Budget Amendment (BBA) is important to help bring long-term fiscal responsibility to America’s future when the BBA takes effect after ratification by three-quarters of the state legislatures; it is equally important for Congress to cut spending nowto address the current overspending crisis.
Second Principle: An effective BBA will include three elements to: (a) control spending, taxation, and borrowing, (b) ensure the defense of America, and (c) enforce the requirement to balance the budget.
Cuts for the Future, Cuts for the Present
Federal spending is out of control—both obligations for the future and spending right now.
Congress must get spending under control in the long term. America cannot raise taxes to continue overspending, because tax hikes shrink our economy and grow our government. America cannot borrow more to continue overspending, because borrowing puts an enormous financial burden on the American children of tomorrow. A BBA will help address this long-term problem because, after the multi-year process for securing ratification of the BBA by three-quarters of the states, the BBA will keep federal spending under control in subsequent years.
Congress also must get spending under control in theshort term. Federal overspending is not simply about the future, but also about the present. Under the President’s Fiscal Year 2012 Budget Submission, measured by the Congressional Budget Office, the federal government will spend $1.2 trillion more than it will take in, a gargantuan burden of additional debt forced on future generations to pay current bills.
Thus, America needs both a Balanced Budget Amendment for the long term and deep cuts in federal spending starting right now, without waiting for a BBA to take effect. As Congress considers budget resolutions, appropriations bills, appropriations continuing resolutions, and debt limit bills, Congress should take every opportunity now to cut federal spending, including for the biggest overspending problem: the ever-growing entitlement programs.
Congress should recognize that the best way to encourage state legislatures to ratify a BBA is to demonstrate, through consistent congressional cuts in spending, that the American people have the will to accept spending cuts to balance the budget.
Elements of a Successful Balanced Budget Amendment
A successful BBA will:
Control spending, taxing, and borrowing through a requirement to balance the budget.The BBA should cap annual spending at a level not exceeding either: (a) a specified percentage of the value of goods and services the economy produces in a year (known as gross domestic product, or GDP), or (b) the level of revenues. To ensure that Congress cannot simply balance the budget by continually raising taxes instead of cutting overspending, the BBA should require Congress to act by supermajority votes if Members wish to raise taxes. Any authority the BBA grants Congress to deal with economic slowdowns, by waiving temporarily the requirement that spending not exceed the GDP percentage or revenue level, should specify the amount of above-revenue spending allowed and require supermajority votes.
Defend America. The BBA should allow Congress by supermajority votes to waive temporarily compliance with the balanced budget requirement when waiver is essential to pay for the defense of Americans from attack.
Enforce the balanced budget requirement. The BBA should provide for its own enforcement, but must specifically exclude courts from any enforcement of the BBA, so unelected judges do not make policy decisions such as determining the appropriate level of funding for federal programs. A government that spends money in excess of its revenues must borrow to cover the difference. Therefore, to enforce the requirement to balance the budget, the BBA should prohibit government issuance of debt, except when necessary to finance a temporary deficit resulting from congressional supermajority votes discussed above.
America is in a fiscal crisis. Our government spends too much. Overspending must stop immediately. Overspending will stop only if Congress cuts spending now, including with respect to the ever-expanding entitlement programs. For the future, Congress and three-quarters of state legislatures can adopt and ratify a Balanced Budget Amendment to the U.S. Constitution to anchor the American willingness to live within a balanced budget.
David S. Addington is Vice President for Domestic and Economic Policy, and J. D. Foster, Ph.D., is Norman B. Ture Senior Fellow in the Economics of Fiscal Policy, at The Heritage Foundation.
Under Francis Schaeffer’s tutelage, Evangelicals like Chuck Colson learned to see life through the lens of a Christian worldview. Join Chuck as he celebrates a life well lived.
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This year Francis Schaeffer would have turned 100 on Jan 30, 2012. I remember like yesterday when I first was introduced to his books. I was even more amazed when I first saw his films. I was so influenced by them that I bought every one of his 30 something books and his two film series. Chuck Colson’s website www.breakpoint.org and I was directed from there to Probe’s website where I found this great article below. I will share it in 4 parts. Todd Kappelman is the author and here is some info on him and Probe.
Todd A. Kappelman is a field associate with Probe Ministries. He is a graduate of Dallas Baptist University (B.A. and M.A.B.S., religion and Greek), and the University of Dallas (M.A., philosophy/humanities). Currently he is pursuing a Ph.D. in philosophy at the University of Dallas. He has served as assistant director of the Trinity Institute, a study center devoted to Christian thought and inquiry. He has been the managing editor of The Antithesis, a bi-monthly publication devoted to the critique of foreign and independent film. His central area of expertise is Continental philosophy (especially nineteenth and twentieth century) and postmodern thought.
What is Probe?
Probe Ministries is a non-profit ministry whose mission is to assist the church in renewing the minds of believers with a Christian worldview and to equip the church to engage the world for Christ. Probe fulfills this mission through our Mind Games conferences for youth and adults, our 3-minute daily radio program, and our extensive Web site at www.probe.org.
Further information about Probe’s materials and ministry may be obtained by contacting us at:
The Need to Read series began several months ago with a program on C.S. Lewis . The rationale for this series is that many of the great writers who have helped many Christians mature are now either unknown or neglected by many who could use these authors insights into the faith.
This installment focuses on Francis Schaeffer (1912-1984), one of the most recognized and respected Christian authors of the twentieth century.
He saw so much more in what he was looking at and agonized over it much more that the rest of us. He was one of the truly great Christians of our time.{1} If this is the case, and I and many others believe that it is, then this question follows: What was Schaeffer looking at? The remarkable answer to this question is all of human history and the long chain of events which have led to modern man as we see him today.
In a time when true scholarship is often equated with specialization in a particular period, people, or subject, Schaeffer was a grand generalist. He was a true Renaissance man who knew something about everything, as opposed to everything about something. In addition to his remarkable and encyclopedic knowledge of human history, he was able to connect important events together such that Christians can see what has happened in human history, what is happening now, and what will happen if man continues on his present course. Schaeffer was a visionary who had an uncanny understanding of the times we live in and what mankind can expect in the near future.
Schaeffers greatest gift, like that of C.S. Lewis, was his concern for the average Christian. He believed philosophy, theology, and ethics should not be reserved for the conversation of learned academics; rather they should be the daily concern of the man on the street. The price for ignorance of the subjects could be our life, or more importantly, our very souls. The Scriptures are very clear concerning the price of ignorance. The prophet Hosea said that Gods people perish for lack of knowledge.{2} In light of this observation, Schaeffers genius was his ability to communicate extremely difficult philosophical and theological issues on a non- technical level. His writings provide Christians with access to some of the most pressing concerns of our times.
Several aspects of Schaeffers style and sweeping concerns will be discussed in this essay. First, he perceived the wholeness of the created order. There is a basic need in all human beings to know the answers to the great questions of life, and Schaeffer believed that God has given man the answers in the form of natural and specific revelation.
Second, Schaeffer believed that man has a natural inclination to desire the reasonable. Schaeffer argued that the Christian faith is not only true, but that it is the most plausible account for the existence of man and his place in the universe. He contended that an irrational faith is not what God intended to communicate to man.
Third, Schaeffer was one of the original cultural critics of the twentieth century. He believed that mankind, both Christians and non-Christians, was adrift on a sea of irrationality. He further believed that this drift was intensifying to the point that true, orthodox Christianity was being lost.
Dr. Francis Schaeffer – Extra – Interview – Part 2 Francis Schaeffer had a big impact on me in the late 1970′s and I have been enjoying his books and films ever since. Here is great video clip of an interview and below is a fine article about him. Francis Schaeffer 1912-1984 Christian Theologian, Philosopher, […]
E P I S O D E 1 0 How Should We Then Live 10#1 FINAL CHOICES I. Authoritarianism the Only Humanistic Social Option One man or an elite giving authoritative arbitrary absolutes. A. Society is sole absolute in absence of other absolutes. B. But society has to be led by an elite: John Kenneth […]
What Ever Happened to the Human Race? Bachmann was a student of the works of Francis Schaeffer like I am and I know she was pro-life because of it. (Observe video clip above and picture of Schaeffer.) I hated to see her go. DES MOINES, Iowa — Last night, Minnesota Rep. Michele Bachmann vowed to […]
E P I S O D E 9 How Should We Then Live 9#1 T h e Age of Personal Peace and Afflunce I. By the Early 1960s People Were Bombarded From Every Side by Modern Man’s Humanistic Thought II. Modern Form of Humanistic Thought Leads to Pessimism Regarding a Meaning for Life and for Fixed […]
E P I S O D E 8 How Should We Then Live 8#1 I saw this film series in 1979 and it had a major impact on me. T h e Age of FRAGMENTATION I. Art As a Vehicle Of Modern Thought A. Impressionism (Monet, Renoir, Pissarro, Sisley, Degas) and Post-Impressionism (Cézanne, Van Gogh, Gauguin, […]
E P I S O D E 7 How Should We Then Live 7#1 I am thrilled to get this film series with you. I saw it first in 1979 and it had such a big impact on me. Today’s episode is where we see modern humanist man act on his belief that we live […]
Dr. Francis Schaeffer – Extra – Interview – Part 2 Francis Schaeffer had a big impact on me in the late 1970′s and I have been enjoying his books and films ever since. Here is great video clip of an interview and below is a fine article about him. Francis Schaeffer 1912-1984 Christian Theologian, Philosopher, […]
E P I S O D E 6 How Should We Then Live 6#1 I am sharing with you a film series that I saw in 1979. In this film Francis Schaeffer asserted that was a shift in Modern Science. A. Change in conviction from earlier modern scientists.B. From an open to a closed natural system: […]
E P I S O D E 5 How Should We Then Live 5-1 I was impacted by this film series by Francis Schaeffer back in the 1970′s and I wanted to share it with you. Francis Schaeffer noted, “Reformation Did Not Bring Perfection. But gradually on basis of biblical teaching there was a unique improvement. A. […]
How Should We Then Live 4-1 I was impacted by this film series by Francis Schaeffer back in the 1970′s and I wanted to share it with you. Schaeffer makes three key points concerning the Reformation: “1. Erasmian Christian humanism rejected by Farel. 2. Bible gives needed answers not only as to how to be right with […]
How Should We Then Live 3-1 I was impacted by this film series by Francis Schaeffer back in the 1970′s and I wanted to share it with you. Schaeffer really shows why we have so many problems today with this excellent episode. He noted, “Could have gone either way—with emphasis on real people living in […]
How Should We Then Live 2-1 I was impacted by this film series by Francis Schaeffer back in the 1970′s and I wanted to share it with you. Schaeffer points out that during this time period unfortunately we have the “Church’s deviation from early church’s teaching in regard to authority and the approach to God.” […]
How Should We Then Live 1-1 Today I am starting a series that really had a big impact on my life back in the 1970′s when I first saw it. There are ten parts and today is the first. Francis Schaeffer takes a look at Rome and why it fell. It fell because of inward […]
MANCHESTER, England — Manchester City won the English title for the first time in 44 years, surging past Queens Park Rangers 3-2 on Sunday with Sergio Aguero scoring his team’s second goal late in stoppage time.
Aguero, the son-in-law of Argentine great Diego Maradona, scored during the fourth minute of injury time, two minutes after substitute Edin Dzeko made it 2-2. The winning goal snatched the trophy from defending champion Manchester United on goal difference. Without Aguero’s startling goal, United would have won the title after its 1-0 victory over Sunderland moments earlier on the final day of the season.
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It’s fitting that the wildest Premier League season saw possibly the most dramatic ending in its history, Ravi Ubha writes. Story
“I don’t think I’ve ever seen a finale like this,” City manager Roberto Mancini said. “We didn’t deserve to lose. We had a lot of chances and we deserved to win the game and championship. It’s fantastic for the club and the supporters after 44 years. It’s been a crazy season and a crazy last minute.”
It was the first time the English title was decided in such dramatic circumstances since 1989, when Arsenal and Liverpool finished even on points and had the same goal difference. Arsenal won the title on total goals.
“It’s a cruel way (to lose the title),” United manager Sir Alex Ferguson said. “We’ve experienced many ups and downs in the 25 years I’ve been here, most of them have been great, we’ve won the title three times on the last day, today we nearly did it.
“I’d like to say on behalf of Manchester United, congratulations to our neighbors — a fantastic achievement to win the Premier League.”
City won the title for the first time since 1968 after overturning the eight-point lead United held five weeks ago. The two Manchester rivals have traded places atop the standings all season, and continued to do so until the final minutes of the final day.
City took a 1-0 lead into halftime, but then went down 2-1 after the break despite QPR captain Joey Barton being sent off in the 55th, leaving his team with 10 men the rest of the way.
“I never stopped believing,” City captain Vincent Kompany said. “When Edin scored that goal, it reminded me of so many other moments during the season when we’ve done this before. There was no reason not to believe.
Paul Ellis/AFP/Getty ImagesSergio Aguero is mobbed by his Manchester City teammates after scoring the eventual winning goal.
“It’s not sunk in yet. I don’t know what happened at the end, it was just a huge mess.”
Pablo Zabaleta put City in front in the 39th minute, but Djibril Cisse tied it for QPR three minutes into the second half after a misplay by Joleon Lescott. Lescott went to make a simple headed clearance but instead knocked the ball backward, and Cisse seized on the defender’s mistake by driving a shot past Joe Hart.
Barton was then sent off for elbowing Carlos Tevez, but Jamie Mackie managed to head the visitors in front in the 66th.
City’s expensively assembled squad had been facing its first loss at home since December 2010, but Dzeko sparked the recovery by heading in a corner kick in the second minute of stoppage time.
There was still time for one final moment of drama in an unpredictable season when Aguero drove home the winner. As the final whistle blew, thousands of City fans poured onto the field and blue smoke wafted around the stadium.
Winning the title is the result of more than a $1 billion of investment by Abu Dhabi’s Sheikh Mansour, who rescued a financially stricken club from ousted Thai Prime Minister Thaksin Shinawatra in 2008.
“It was really important to start winning this championship,” Mancini said. “Manchester City can have a big future now.”
The field was covered in confetti from the start and all the action was in QPR’s half, although the hosts couldn’t find the goal against a relegation-threatened club.
Yaya Toure fired over and David Silva struck tamely at goalkeeper Paddy Kenny before news filtered through of Wayne Rooney putting 19-time champion United ahead at Sunderland and top of the standings.
QPR hasn’t won on the road since December, but it wasn’t all bad news for the London club — it avoided relegation after Bolton was held to a 2-2 draw at Stoke.
Information from The Associated Press was used in this report.
It is apparent from this statement below that Senator Mark Pryor is against the Balanced Budget Amendment. He has voted against it over and over like his father did and now I will give reasons in this series why Senator Pryor will be defeated in his re-election bid in 2014. However, first I wanted to quote the statement Senator Pryor gave on December 14, 2011. This information below is from the Arkansas Times Blog on 12-14-11 and Max Brantley:
THREE CHEERS FOR MARK PRYOR: Our senator voted not once, but twice, today against one of the hoariest (and whoriest) of Republican gimmicks, a balanced budget amendment. Let’s quote him:
As H.L. Mencken once said, “For every complex problem there is a solution which is simple, clean, and wrong.” This quote describes the balanced budget amendment. While a balanced budget amendment makes for an easy talking point, it is an empty solution. Moreover, it’s a reckless choice that handcuffs our ability to respond to an economic downturn or national emergencies without massive tax increases or throwing everyone off Medicare, Social Security, or veteran’s care.There is a more responsible alternative to balance the budget. President Clinton led the way in turning deficits into record surpluses. We have that same opportunity today, using the blueprint provided by the debt commission as a starting point. We need to responsibly cut spending, reform our tax code and create job growth. This course requires hard choices over a number of years. However, it offers a more balanced approach over jeopardizing safety net programs and opportunity for robust economic growth.
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Mark Pryor will be defeated for his re-election because he is involved constantly in cover votes!!! Take a look at the video below and the discussion of a cover vote concerning the Balanced Budget Amendment. Look at the excellent article below concerning the history of the Balanced Budget Amendment votes of the past. OVER AND OVER POLITICIANS HAVE TRIED TO COVER THEMSELVES WHEN WHAT THEY REALLY WANT TO DO IS TO SPEND LOTS OF OUR KIDS’ MONEY THAT THEY WILL HAVE TO PAY BACK.
Abstract:Attempts at passing a balanced budget amendment (BBA) date back to the 1930s, and all have been unsuccessful. Both parties carry some of the blame: The GOP too often has been neglectful of the issue, and the Democratic Left, recognizing a threat to big government, has stalled and obfuscated, attempting to water down any proposals to mandate balanced budgets. On the occasion of the July 2011 vote on a new proposed BBA, former Representative from Oklahoma Ernest Istook presents lessons from history.
A proposed balanced budget amendment (BBA) to the Constitution is set to be considered by Congress this July—the first such vote since 1997.
The BBA is a powerful proposal that attracts great vitriol from the American Left, which recognizes it as an enormous threat to its big-government ways—perhaps the greatest threat. For that reason, the history of Congress’s work on a BBA is full of frustrations, high-profile defections, reversals, and betrayals.
This paper discusses that history. It also describes some of the milktoast versions and amendments that have been offered to gut the BBA while providing political cover for those who are unwilling to support a robust version.
Brief History
Thomas Jefferson wrote in 1798, “I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing.”[1] Yet according to the Congressional Research Service,[2] the first balanced budget amendment was not proposed until 1936, when Representative Harold Knutson (R–MN) introduced House Joint Resolution 579, proposing a per capita limit on federal debt.
No BBA measure passed either body of Congress until 1982, when the Senate took 11 days to consider it and mustered the necessary two-thirds majority on the version crafted by Senator Strom Thurmond (R–SC).[3] A companion measure received a vote of 236 to 187 in the House—short of the required two-thirds. Despite opposition from Speaker Thomas “Tip” O’Neill (D–MA), the floor vote was obtained by means of a discharge petition led by Representatives Barber Conable (R–NY) and Ed Jenkins (D–GA).[4]
Subsequently, continuing opposition from Speaker O’Neill and his successor, Jim Wright (D–TX), prompted creative use of discharge petitions to circumvent leadership opposition. Several House votes were held in the early 1990s, when Representative Charles Stenholm (D–TX) led bipartisan coalitions to force Democratic leaders to permit (unsuccessful) floor votes. At the time, even prominent Democrats such as Representative Joseph Kennedy (MA) openly supported the BBA and voted for it. There were multiple House and Senate votes, but all were unsuccessful.[5]
The first and only time the House gave two-thirds approval to a balanced budget amendment was in 1995, when Members voted for the “Contract with America” that helped Republicans win major congressional majorities. That was the last time the House held a floor or committee vote. Since then, the Senate has failed twice—each time by a single vote—to gather the two-thirds needed.[6]
Defections Block BBA Approval
Three Senators were the key defectors who prevented Congress from approving a balanced budget amendment in the 1990s. One actually had never supported it and bucked his party to oppose it. The other two flip-flopped in order to go along with their party in opposing the BBA.
First, in 1995, Senator Mark Hatfield (R–OR) took the heat when he would not join his party in support of a BBA. But Hatfield’s vote would have been unnecessary had Senator Tom Daschle (D–SD) not reversed years of prior support to oppose the BBA at President Bill Clinton’s urging.
Then, in 1997, the measure again failed by a single vote in the Senate when newly elected Senator Robert Torricelli (D–NJ) broke his campaign pledge and refused to support the same BBA that he had supported as a House member.[7]
More recently, many House Democrats who voted for the BBA in 1995 are now saying they will vote no in 2011. Most notable among these is House Democratic Whip Steny Hoyer (D–MD).
Senate Defections
Senator Hatfield called the BBA a “political gimmick,” and his high-profile defection broke GOP party unity. Less noticed was that his opposition could have been a moot point. Then-Senate Majority Leader Bob Dole (R–KS) told The New York Times that Hatfield offered to resign before the vote—a resignation that would have produced a 66-to-33 victory for the BBA—but Dole refused to accept the resignation offer.[8]
Still, with or without Hatfield’s vote or resignation, the BBA would have prevailed in the 1995 Senate vote were it not for Senator Daschle’s reversal. That flip-flop is described in a book about his later ousting from office by the voters:
Although the balanced budget amendment had not been a major issue nationally for several years, it provided a striking contrast between Daschle’s first campaign in 1978 and his early career in Congress, when he consistently promoted the amendment, and his later years in the Senate. During his last competitive Senate bid in 1986, Daschle ran a television ad saying that “in 1979, Tom Daschle saw the damage these deficits could do to our country. His first official act was to sponsor a Constitutional amendment to balance the budget.” In 1992, Daschle’s campaign literature touted the “Daschle Plan,” which included the balanced budget amendment: “In 1979, before it became popular, I was pushing a balanced budget amendment to the Constitution. It was my first official action, and I’ve authored or coauthored one every year.” In 1995, the amendment had the support of sixty-six of the sixty-seven senators needed for passage, but Daschle voted against it because of opposition from the Clinton administration…. When pressed on the amendment in the last [2004] television debate, Daschle said that he had opposed the bill in the 1990s because there were no provisions in the amendment allowing for emergencies such as war. But the record showed that there wasan emergency clause.[9]
In 2011, Daschle has penned several articles denouncing the BBA, complaining that it would make the country’s fiscal crisis even worse and would tie lawmakers’ hands.[10]
The 1997 effort to approve the BBA failed in the Senate by a single vote, just as it had in 1995. This time it was Senator Torricelli doing the political acrobatics. As the New York Daily News described it:
Sen. Robert Torricelli (D–N.J.) yesterday announced he will vote against the balanced budget amendment to the Constitution giving Democrats the one-vote margin they need to kill it. The freshman senator flipped on his campaign pledge to support the amendment and on his own past voting record in the House in favor of similar proposals. “I have struggled with this decision more than any I have ever made in my life,” Torricelli said…
Torricelli acknowledged that he had campaigned in support of the amendment to win his Senate seat last year and had voted three times in favor of similar amendments as a House member. But he said President Clinton’s efforts in bringing down annual budget deficits from $300 billion to $100 billion, and the President’s commitment to a balanced budget by 2002, had relieved the pressure for a constitutional amendment.[11]
Trying to give himself political cover, Torricelli tried but failed to get the Senate to support a loophole-riddled version.
House Reversals
Chief among Representatives who supported a BBA in 1995 but say they will actively oppose it in 2011 is Representative Hoyer. In 1995, he even helped to garner votes for the BBA. As the Baltimore Sun reported at the time, “‘The issue of a balanced budget is not a conservative one or a liberal one, and it is not an easy one,’ said Mr. Hoyer, who said he fears the consequences of a national debt that is headed toward $5 trillion. ‘But it is an essential one.’”[12] Arguing for the BBA on the House floor in 1995, Hoyer said:
[T]his country confronts a critical threat caused by the continuation of large annual deficits…. I am absolutely convinced that the long term consequences of refusing to come to grips with the necessity to balance our budget will be catastrophic…. [T]hose who will pay the highest price for our fiscal irresponsibility, should we fail, will be those least able to protect themselves, and the children of today and the generations of tomorrow.[13]
Hoyer reversed course after rising to high leadership within his party, as did Daschle. Daschle did a turnaround against the same language he previously had supported. Hoyer, however, argued that the latest 2011 version (with tax limitation and size-of-government limits) had gone beyond what he originally supported in 1995:
It would require drastic and harmful cuts to programs like Medicare, Medicaid, and Social Security, programs that form the heart of America’s social compact…. Unlike previous balanced budget amendments, this amendment would mean great pain for ordinary Americans, even as it shielded the most privileged from any comparable sacrifice. It is not a solution to our nation’s pressing fiscal challenges.[14]
It is an open question how other Democrats who supported the 1995 version of the BBA will vote on the tougher 2011 version.[15] They include another member of the current Democratic House leadership, James Clyburn (SC).
The GOP was also guilty of abandoning the BBA—by neglect. The BBA had been the number one item on its Contract with America legislative agenda in 1994, but after the single (and successful) 1995 House vote, House GOP leaders refused all entreaties to bring it up again. No House or Senate vote has been held since Torricelli’s dramatic about-face in 1997.
For part of the time while Republican leaders were dormant on a BBA, the budget was balanced. Rather than spotting an opportunity to cement that condition into a permanent requirement, however, some saw it as proving that a BBA is not needed.
During that time when the federal budget was balanced without a BBA requirement (fiscal years 1998–2001),[16] Congress had political incentives to maintain that balance. However, after 9/11, Washington not only ramped up national security spending, but also let other spending rise significantly. The prevailing notion seemed to be that if the budget was not balanced, then it mattered little just how far out of balance it was.
That experience illustrates not only the need for a proper BBA, but also the need for any national security exceptions to be drafted narrowly, to permit deficits only to the extent necessary to provide for non-routine defense circumstances and not to justify unrelated deficit spending.
Watering Down the BBA
The versions of the BBA to be voted on in 2011 are improvements over the Contract with America. Because of this strengthening, the current versions are described herein as “BBA-plus.”[17]
Simply put, the additional features require a supermajority to raise taxes; create limits on the level of federal spending (as a percentage of the national economy); tighten the permitted and limited exceptions to a balanced budget; and limit the potential for judicially imposed tax increases as a means of enforcement.
According to their strictness, different variations in proposed texts could be considered good, better, and best, with a full-featured BBA-plus being the best. But the greater the strictures, the more difficult passage becomes. Many pro-BBA lawmakers have therefore introduced and supported versions that were not as strong as they prefer but have greater likelihood of adoption.
These variations also create potential for mischief. Because they recognize the huge popular support for the BBA, many opponents have attempted to offer amendments and variations that would water down or emasculate the provisions of the BBA so that they could posture as supporters while justifying their “no” votes. The following is a historical synopsis of those tactics.
Taking Social Security Off-Budget. The most prominently advanced effort to weaken a BBA is a provision to separate Social Security payments and receipts from the requirements for a balanced budget. Amendments to do so were offered in both the House and Senate from 1995 to 1997. Senator Harry Reid (D–NV) was a principal leader of that effort in 1997.
Reid and others argued that removing Social Security from a BBA would protect the program from spending cuts. They argued that its funds do not actually constitute government spending since the program involves a trust fund. This ignored the fact that the entirety of the trust fund has been invested in federal bonds and that all of the borrowed money has been spent. Furthermore, during the 1990s, the Social Security program was producing annual surpluses ranging from $60 billion to $65 billion, which disguised deficit spending elsewhere. Today, Social Security runs an annual deficit.
If Social Security were removed from a BBA’s requirements, Congress would be approving major deficit spending while not counting it as a deficit. Politicians would only be pretending to have balanced the budget. As the Congressional Budget Office reported this past January, “Excluding interest, surpluses for Social Security become deficits of $45 billion in 2011 and $547 billion over the 2012–2021 period.”[18]
The Torricelli Ploy. As previously mentioned, the most transparent ploy to create an excuse for opposing the BBA came in 1997 from newly elected Senator Robert Torricelli. As a House member, he had voted for a substitute version and also voted “yea” on final passage of the Contract with America BBA in 1995. He campaigned for the Senate in 1996 as a BBA supporter.
As heads were counted for the 1997 Senate vote, it was apparent that Torricelli and Senator Mary Landrieu (D–LA), both previous BBA supporters, were the swing votes. If both voted “yea,” the necessary two-thirds would be achieved in the Senate. President Clinton lobbied both Senators to vote “nay.” Landrieu announced that she would vote yes, and Torricelli announced that he would vote no. Reporters openly asked him whether “he drew the short straw.”
In a move that was publicly derided, Torricelli offered an amendment to the BBA on the Senate floor and then announced he would vote no because the amendment failed. Then, minutes later in a news conference, he undercut his own explanation by stating that in the future, he would vote no on all Republican versions of a BBA and yes on all Democratic versions.
Torricelli’s unsuccessful amendment would have waived the balanced budget requirement whenever a simple majority in Congress declared “an imminent and serious military threat” or “a period of economic recession or significant economic hardship” or when Congress chose to approve deficit spending for “investments in major public physical capital that provides long-term economic benefits.”[19] The three-pronged nature of Torricelli’s effort was a lumping together of provisions that were also offered separately in both the House and Senate by others.
Other Diluting Amendments. The following is a sampling of other proposals offered on the House or Senate floors during the 1995–1997 considerations:[20]
Representative Robert Wise (D–WV) offered a multifaceted substitute that would have provided for separate federal capital and operating budgets; would have required that only the operating budget be balanced; would have exempted Social Security from balanced budget calculations; and would have permitted Congress to waive the balanced budget provisions in times of war, military conflict, or recession.
Senator Richard Durbin (D–IL) tried to insert the following languageinto the BBA: “The provisions of this article may be waived for any fiscal year in which there is an economic recession or serious economic emergency in the United States as declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.”
Senator Barbara Boxer (D–CA) proposed, “The provisions of this article may be waived for any fiscal year in which there is a declaration made by the President (and a designation by the Congress) that a major disaster or emergency exists, adopted by a majority vote in each House of those present and voting.”
Representative Major Owens (D–NY) wanted “to allow a majority of Congress to waive the balanced budget provisions contained in the joint resolution in any fiscal year that the national unemployment rate exceeds 4 percent.”
Representative John Conyers (D–MI) wanted to require a detailed plan of spending cuts before balance could be required, proposing “to exempt Social Security from balanced budget calculations; and provide that before the constitutional amendment could take effect, Congress would be required to pass legislation showing what the budget will be for the fiscal years 1996 through 2002, containing aggregate levels of new budget authority, outlays, reserves, and the deficit and surplus, as well as new budget authority and outlays on an account-by-account basis.”
Representative David Bonior (D–MI) tried not only to exempt Social Security from the calculations, but also to require only a simple constitutional majority vote (218 in the House, 51 in the Senate) to allow deficit spending.
Additional amendments were more straightforward, such as whether a supermajority would or would not be required to raise taxes under the BBA. The House Rules Committee screened out 38 proposed floor amendments; only six were permitted.
Conclusion
History shows that the potency of a balanced budget amendment attracts fervent efforts to confuse the issues, especially by creating counterfeit versions and exceptions to provide political cover. Proponents of a BBA should prepare accordingly.
If not for high-profile political defections in the mid-1990s, the BBA would have been approved by Congress. Had it then been ratified by the requisite three-fourths of the states, today’s debates over borrowing limits, entitlements, and spending levels would be greatly different, if not absent.
However, the versions considered in the ’90s were notably weaker than both the House and Senate versions of the BBA-plus now being considered. Had an earlier version been adopted, today’s debate might be about efforts by Congress to evade the spirit of the BBA by exploiting loopholes in that earlier version. This is why vigilance is necessary to prevent the insertion of loopholes into the language of a BBA-plus.
Those who do not learn from the failures of history are doomed to repeat them.
—The Honorable Ernest J. Istook, Jr., a former Member of Congress, is Distinguished Fellow in Government Studies in the Department of Government Studies at The Heritage Foundation.
The USPS is proposing to close 3,700 post office locations across the country, as mail volume falls and the agency is losing billions of dollars.
Kudos to Postmaster Patrick Donahoe for cutting costs, but he missed at least one location. He should add to his list one of the two offices in my neighborhood, which are only a mile apart.
For its story today, the Washington Post went looking for citizens who would complain about the reform, and they found some. One lady in Chevy Chase, Maryland, groused that the post office near her is “part of the culture of the town.” Boy, does that town’s culture ever need help if a sterile government office plays a key role!
Anyway, my neighborhood lost its “culture” when the Borders book store closed last weekend. But that’s life; things change. Maybe a cool new café will open up in the Chevy Chase post office location. I don’t know why people take for granted the huge dynamism we have in arts, society, and the business world, yet they want the government to be a fossilized dinosaur.
Donahoe is trying to cut post office costs, but he does need to expand his horizons to consider more fundamental reforms. On Larry Kudlow’s TV show last night, I pointed to privatized European post offices and expanding postal competition as a good model for the United States, but Donahoe was dismissive. Meanwhile, Susan Collins, who oversees the USPS in the Senate, is even grumbling about Donahoe’s limited reforms.
Will we have to wait until mail volume plummets another 20 percent for U.S. policymakers to get serious about postal reforms?
A satirical short film taking a look at the national debt and how it applies to just one family. Watch the guy from the Ferris Bueller Superbowl Spot! Produced by Seth William Meier, DP/Edited by Craig Evans, 1st AC Brian Andrews, Sound Mixer Gus Salazar, Written and Directed by Brian Stepanek. Help us spread the word by clicking ads or at www.debtlimitusa.org
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I read some wise words by Rep. Justin Amash (R-MI) and I wanted to pass them on. He sees how dangerous it is to keep kicking the can down the street: “The Budget Control Act trades $21 billion in cuts next year for a debt ceiling increase of $2.1 trillion. That’s one penny in cuts for each dollar of new debt. The bill does not seriously address the drivers of the federal government’s fiscal crisis. It does not improve entitlement programs. It does not include a balanced budget amendment to the Constitution.”
After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined.
We need some national statesmen (and ladies) who are willing to stop running up the nation’s credit card.
This week the Club for Growth released a study of votes cast in 2011 by the 87 Republicans elected to the House in November 2010. The Club found that “In many cases, the rhetoric of the so-called “Tea Party” freshmen simply didn’t match their records.” Particularly disconcerting is the fact that so many GOP newcomers cast votes against spending cuts.
The study comes on the heels of three telling votes taken last week in the House that should have been slam-dunks for members who possess the slightest regard for limited government and free markets. Alas, only 26 of the 87 members of the “Tea Party class” voted to defund both the Economic Development Administration and the president’s new Advanced Manufacturing Technology Consortia program (see my previous discussion of these votes here) and against reauthorizing the Export-Import Bank (see my colleague Sallie James’s excoriation of that vote here).
One of those Tea Party heroes was Justin Amash of Michigan. Last year I posted this below concerning his conservative views and his willingness to vote against the debt ceiling increase:
Washington, D.C. – Rep. Justin Amash (R-MI) issued the following statement after the vote on the Budget Control Act of 2011:
“The Budget Control Act trades $21 billion in cuts next year for a debt ceiling increase of $2.1 trillion. That’s one penny in cuts for each dollar of new debt. The bill does not seriously address the drivers of the federal government’s fiscal crisis. It does not improve entitlement programs. It does not include a balanced budget amendment to the Constitution. I cannot in good conscience vote for so little reform when so much is at stake.
“I had hoped that Democrats and Republicans would work together to develop a reasonable compromise that is fiscally responsible. I would favor a package that combines eliminating special tax breaks and subsidies with a well-structured balanced budget amendment. I believe that type of package would have broad-based support from the American people. Instead, Congress continues to kick the can down the road.
“We can do better. I look forward to working with my colleagues on both sides of the aisle over the next several months to adopt structural reforms that will put the government back on a sustainable path.”
Bobby Petrino always had plans to live in Fayetteville the rest of his life. Why else would he have committed to the 18 million dollar buyout in his contract. He also showed that he had longterm plans to stay in Arkansas because he invested 2.5 million in a home here. However, he let his eyes stray and everything went down the tubes.
Former Arkansas head football coach Bobby Petrino has sold his home on Beaver Lake for $600,000.
According to a warranty deed filed Tuesday at the Benton County Courthouse, Duncan MacNaughton, chief merchandising officer for Wal-Mart U.S., and his wife, Cynthia, are the new owners of the lakefront property in eastern Benton County.
Petrino and his wife, Becky, bought the 2,532-SF home and 2.91 acres on Cedar Forest Drive in Garfield for $600,000 in June 2008, the summer before his first season coaching the Razorbacks.
The sellers were William and Lisa McCullough. That purchase was tied to a 30-year mortgage worth $480,000 held by Signature Bank of Arkansas.
The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips.
It didn’t take long for the former coach to get out from under the property. Petrino coached the Razorbacks for four seasons before being fired April 10.
Athletics director Jeff Long cited Petrino’s misleading and deceptive behavior in an attempt to cover up an affair with a female member of his football staff. The revelations came in the wake of a motorcycle crash April 1 in rural Madison County that sent Petrino to the hospital.
Four days later, the accident report released by the Arkansas State Police revealed Petrino had a passenger, Jessica Dorrell, who the coach previously did not mention while recalling the events of the accident.
It was later revealed Petrino, 51, and Dorrell, 25, were having an inappropriate relationship for several months.
Petrino hired the former UA volleyball player in March to serve as student-athlete development coordinator. She had previously worked as a fundraiser for the Razorback Foundation. Dorrell has since resigned from her job with the football staff.
Because he was fired for cause, Petrino forfeited his salary of roughly $3.5 million per year through 2017. The football coach was given a seven-year contract extension at the end of the 2010 regular season, just before coaching the Razorbacks against Ohio State University in the 2011 Sugar Bowl in New Orleans.
Petrino is finding the market significantly tougher to unload his primary residence. The Petrino home at 4518 E. Bridgewater Lane in east Fayetteville, bought in March 2008 for $2.5 million, is still on the market.
It’s been listed for almost two years as the family had hoped to downsize.
The two-story, 8,741-SF home has six bedrooms and is currently listed with Kendall Riggins with Lindsey & Associates in Fayetteville for a reduced price of $1.99 million
If Bobby thinks he is bruised now, then he needs to read about the guy in Proverbs 7:10-27 and what happened to him. I really am hoping that Bobby Petrino can put his marriage back together. He has a clear choice between two paths. In the sermon at Fellowship Bible Church at July 24, 2011, […]
Highlights of North Carolina’s win over Tennessee in the 2010 Music City Bowl. Tennessee had the home-field advantage with the game being played at LP Field in Nashville, and the Volunteers thought they had won a dramatic victory when the officials told them to return to the sideline giving the Tar Heels one last chance to tie it at the end of the fourth quarter.
When it comes to college football stadiums, for some teams, it is simply not fair. Home-field advantage is a big thing in college football, and some teams have it way more than others.
There are 124 FBS college football teams, and when it comes to the stadiums they play in, they are obviously not all created equal.
There is a monumental difference from the top teams on the list to the bottom teams on the list. Either way, here it is: a complete ranking of the college football stadiums 1-124.
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Arkansas native Butch Davis coached at North Carolina and Miami and did a great job. However, I don’t think he will get the Arkansas job because he got in trouble with the NCAA. He had an unbelievable win over the Tennessee Vols in the Music City Bowl. I have never heard of a team winning two games at the buzzer and having to go back on the field and play more and then losing both games, but that is what happened to Tennessee in 2010 (LSU and North Carolina).
94. Doyt Perry Stadium: Bowling Green Falcons
Doyt Perry Stadium is actually one of the better stadiums as far as MAC schools are concerned.
It is medium-sized for a MAC school, but slightly on the lower end with a seating capacity of 23,724.
Originally built in 1966, this stadium is in a great area with fans who will come out and support their team. It has a wide open feel to it, making it a little more unique than many others.
93. FAU Stadium: Florida Atlantic Owls
FAU Stadium is the newest stadium in college football. This helped propel it so high on the list.
Like many other new stadiums that are built at non BCS schools, the seating capacity here is 30,000.
It opened last season in 2011, and there is a decent-sized fanbase here to support the team that now has their own stadium.
Not a bad place to watch a football game. The weather here is nice too.
92. Kenan Memorial Stadium: North Carolina Tar Heels
Similar to Duke and Kansas, North Carolina will always be a basketball school.
Kenan Memorial Stadium is relatively large with a capacity of 60,000, and it was originally built in 1927, making it one of the oldest stadiums in the country.
Everything here is just average, and although the Tar Heels have had some good football teams over the years, they will always be basketball first.
91. Veterans Memorial Stadium: Troy Trojans
This stadium opened in 1950 and is located in quite a small town.
It has a seating capacity of 30,000 and is actually one of the better stadiums for any team in the Sun Belt Conference.
The locals in the city support this team, as they have had some relative success on the field. The crowd seemingly sits closer to the field here, making this one of the more unique stadiums in the Sun Belt.
It has greatly troubled me for sometime that the federal government spends so much over their budget every year. That is probably the number one reason I started my blog (www.theDailyHatch.org ) a little over a year ago. The results have been overwhelming. I have had over 170,000 hits and have even been quoted in a national magazine.
Back in the summer of 2011, 66 brave souls in the Republican party voted against the debt ceiling compromise in the House of Representatives and I actually took time to put up 48 different posts praising those 66 tea-party type conservatives. One of them was Cliff Stearns. Representative Stearns actually went on C-Span and mentioned your March 2006 vote against raising the debt ceiling and he quoted you directly. The funny thing is I agreed totally with every word of his your speech.
Why do we have to keep spending money like this? Here is an excellent article from the Cato Institute that reflects my views:
Michael Tanner is a senior fellow at the Cato Institute and author of Leviathan on the Right: How Big-Government Conservatism Brought Down the Republican Revolution.
If you liked last year’s battle over raising the debt ceiling, just get ready for the fight to come.
Last summer’s agreement, you will recall, raised the federal government’s debt limit from $15.194 trillion to $16.394 trillion in exchange for promised future reductions in spending. Until recently, the consensus has been that federal borrowing will bump up against the new limit sometime between late November of this year and early January 2013.
But buried in President Obama’s 2013 budget was the news that the national debt will hit $16.334 trillion by the end of fiscal year 2012, or September 30, 2012. This is just $60 billion below the current debt limit. Since the federal government is continuing to borrow at a rate of over $130 billion a month, we will likely reach the debt ceiling by mid-October — before Election Day.
From a budgeting perspective, there will not be an immediate crisis. The Treasury Department could, if it chooses, employ “extraordinary measures” to enable the government to keep paying its bills until well after the elections. Despite their name, these measures are not all that “extraordinary,” involving such things as delaying contributions to the civil-service pension fund or suspending sales of certain nonessential securities. In fact, the Treasury used such measures last year from May until the final debt agreement in August, and no one really noticed.
Can Republicans really be trusted to fight for spending cuts just weeks before the election?
But as a political matter, it will be a very different matter.
Suppose that instead of using such measures to push off the day of reckoning until after the election, President Obama threatens default. Suppose he insists on a tax increase as part of any deal to raise the debt ceiling, and threatens international economic chaos and a collapsing stock market if Republicans fail to go along. Can Republicans really be trusted to fight for spending cuts instead, just weeks before the election?
And regardless of what happens before the election, another fight over the debt ceiling will be coming shortly thereafter. Every Republican candidate will have to go on record about whether or not they would raise the debt ceiling and what concessions they would demand.
Republicans, of course, will have a good argument to make about how the president’s spending has driven up the debt. The fact that a $1.2 trillion increase in the debt ceiling barely lasted a year could be powerful. But Republicans would have a better time making this argument if they were actually doing something to reduce spending. After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined.
And Republicans continue to talk about undoing the sequester that is responsible for more than half the projected savings to come out of the 2011 deal. In particular, Republicans want to undo cuts to the defense budget, and may be willing to give up domestic-spending cuts in exchange.
Meanwhile, what of Mitt Romney, the presumptive Republican nominee after last night’s primaries? Can anyone think of a single major spending program that Romney would eliminate? (Cutting funding to Planned Parenthood doesn’t count, especially given the way Republicans mishandled the contraceptive-mandate debate).
President Obama’s reckless spending could be a godsend to Republicans. It was, after all, debt and spending that energized the Tea Party and led to the 2010 election wave. Not only is it an issue that unites all factions of the Republican base, it is also of importance to independents and suburbanites, including those suburban women who have been turned off by the Republican-primary debate.
But if Republicans don’t want to be blindsided by President Obama come October, they need to start preparing for this debate now.
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We got to cut spending now!!!
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
Related posts (these posts show how much study I have down on this issue before, frankly all 66 of these representatives are my heroes!!):
Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 49) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]
Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 48) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]
Congressmen Tim Huelskamp on the debt ceiling Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 31) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative […]
Uploaded by RepJoeWalsh on Jun 14, 2011 Our country’s debt continues to grow — it’s eating away at the American Dream. We need to make real cuts now. We need Cut, Cap, and Balance. The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 25) This post today is a part of a series […]
Sen Obama in 2006 Against Raising Debt Ceiling The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 15) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from […]
Today I read a post by Max Brantley on the Arkansas Times Blog concerning the falling poll numbers for the Tea Party. Wednesday, August 17, 2011 – 06:54:18 The Tea Party: is the fun over An interesting New York Times op-ed reviews the plunging poll approval numbers for the Tea Party and delves into the […]
Duncan Hunter at San Diego Eagle Forum.MP4 The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 7) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a […]
Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 6) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did […]
Rep. Quayle on Fox News with Neil Cavuto The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 5) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate […]
“What good is a debt limit that is always increased?” The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 2) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not […]
This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but from a liberal. Rep. Emanuel Clever (D-Mo.) called the newly agreed-upon […]
Bachmann Explains “No” Vote on Raising the Debt Ceiling Uploaded by RepMicheleBachmann on Aug 2, 2011 On Monday, August 1, 2011, Congresswoman Michele Bachmann appeared on “Hannity” to explain why she voted “no” on the plan to raise the debt ceiling. _______________________________________ Full House roll call By: Associated Press August 1, 2011 08:46 PM EDT […]
A video by CF&P Foundation that builds on the discussion of theory in Part I and evidence in Part II, this concluding video in the series on the Laffer Curve explains how the Joint Committee on Taxation’s revenue-estimating process is based on the absurd theory that changes in tax policy – even dramatic reforms such as a flat tax – do not effect economic growth. In other words, the current system assumes the Laffer Curve does not exist. Because of congressional budget rules, this leads to a bias for tax increases and against tax cuts. The video explains that “static scoring” should be replaced with “dynamic scoring” so that lawmakers will have more accurate information when making decisions about tax policy. For more information please visit the Center for Freedom and Prosperity’s web site: http://www.freedomandprosperity.org
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Bush tax cuts work? This is a series of posts aimed at answering that question.
Abstract:Despite evidence to the contrary, President Obama and his supporters insist that a tax increase will not impede economic recovery. They claim that the Clinton tax hikes spurred the boom of the 1990s and that the subsequent Bush tax cuts hurt the economy. Members of Congress must reject this faulty notion—and reject the President’s call for burdening Americans with higher taxes and an even slower economy.
President Barack Obama and his allies in Congress and elsewhere continue to press for tax increases, whether as part of a deal to raise the government’s debt ceiling, or for any other reason. Even though common sense would dictate not raising taxes in the face of a badly weakened economy and almost non-existent job growth, the President and his supporters argue that tax hikes will not imperil the still-nascent recovery because the economy grew during the 1990s after President Bill Clinton raised taxes. The inference being that today’s economy could also absorb the blow of tax hikes and grow despite them. They also argue the converse: that the tax cuts passed during President George W. Bush’s tenure slowed growth and cost jobs.
This cursory and errant analysis of recent history has serious implications for policymaking today. If Congress raises taxes based on the faulty notion that tax hikes have no ill effects on economic growth, it will impede the still-struggling recovery and keep millions of Americans on the unemployment rolls far too long.
Lessons for Today
It is vitally important for the millions of Americans looking for work today that Congress and President Obama learn and accept what really happened when President Clinton raised taxes and President Bush lowered them. The evidence is clear that the Clinton tax hikes stifled what should have been remarkable economic growth and the Bush tax cuts cleared the way for the economy to grow despite growing obstacles in its way.
President Obama insists that tax hikes must be part of a “balanced” approach to reducing the deficit. He defends his tax hike desires by pointing to the Clinton tax hikes as evidence that the economy can withstand higher taxes.
But if the Clinton tax hikes were powerful enough to slow an economy that had everything going in its favor, what would tax hikes today do to an economy that has everything working against it? The unemployment rate remains stuck over 9 percent and there appears to be little hope for it to fall in the near future.[10] The President should not be looking for policies the economy can withstand, but for policies that will encourage it to grow.
At best, tax increases would slow the already stalled recovery, and at worst, would reverse it altogether. A slowed recovery or double-dip recession would further reduce the chances that the more than 14 million Americans currently looking for work would find a job in the near future.[11]
The best way to grow revenues is to promote faster economic growth, which will increase the number of taxpayers and taxable income more rapidly. Tax hikes—whether through higher tax rates or slashing credits, deductions, and exemptions without offsetting reductions elsewhere—will not do the job. Under President Obama’s current policies, spending will continue to grow at a faster rate than can be paid for by tax hikes—even assuming the huge tax increases the President insists upon. To add insult to injury, as history has shown, tax hikes would slow economic growth and make it even harder for unemployed Americans to find a job.
—Curtis S. Dubay is a Senior Analyst in Tax Policy in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.