That’s A Feature, Not A Bug

“House Minority Whip Steny Hoyer (D.-Md.) said on the House floor last night that if the balanced budget amendment Republicans are supporting is ratified and included in the Constitution it would make it ‘virtually impossible’ to raise taxes.”  I can live with that.

But is that really what the Republicans are proposing?  Of course not:

The push for a balanced budget amendment is part of the Republican Cut, Cap and Balance plan. This plan would increase the federal debt limit by $2.4 trillion in exchange for cutting federal spending by $111 billion next year and for congressional passage of a balanced budget amendment that, if ratified, would require supermajority votes in Congress to increase taxes, increase the debt limit, or spend more than 18 percent of GDP in a given fiscal year.

It would certainly make it harder to raise taxes (or spend more than the historical baseline of 18% of GDP per year), but it would not be virtually impossible.  It would require wide-spread bipartisan commitment to any tax increases or expensive spending proposals. 

And here I thought we were supposed to be in favor of “balanced” approaches and bipartisanship.  This is all so confusing.

Published in: on July 22, 2011 at 1:08 pm  Leave a Comment  

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