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It’s Time to Pass the Lee Balanced Budget Amendment (Jenny Beth Martin Op-Ed in Roll Call)

With the president’s recent lawlessness on executive amnesty and GOP efforts to beat it back, it’s easy to forget that just three and a half years ago, we were on the cusp of a grand bargain. President Barack Obama and Speaker John A. Boehner would tackle a range of ever-present fiscal crises, everyone would make tough concessions, and the nation would be on sound fiscal footing for a generation. Continue here.

Guatemalan Smuggler: “Obama Has Helped Us with the Children”

While big business meets with the Administration behind closed doors hoping to stake their claim in the President’s threatened executive action on amnesty, another “big business” across the border is already cashing in. Ever since Obama enacted the Deferred Action Childhood Arrival (DACA) program in the summer of 2012, the influx of children has increased exponentially, creating a business boom for human smugglers known as “coyotes.” With 62,000 illegal-immigrant minors recently apprehended and another 30,000 expected to cross the border within the next few months, business couldn’t be better for the bad guys. Voicing the frustrati...

Rush Limbaugh, James Pethokoukis, wrong on balanced budget

On Thursday, Rush Limbaugh cited a blog post by American Enterprise Institute scholar James Pethokoukis during his show. The post in question presents the notion of a balanced federal budget in 2015. Unfortunately, the post by Pethokoukis has three major flaws in it that makes its premise – a balanced budget in 2015 – extremely unlikely. First, and most critically, Pethokoukis cites the firm Potomac Research for the following information: … official forecasters will have to radically alter their projections this summer.  The CBO forecast of $845 billion in red ink this year, 5.3% of GDP, is hopelessly outdated; the deficit will fall well ...

Washington, Anything but Balanced

President Obama says he wants a "balanced approach" to fix America's financial problems, but Washington is anything but balanced. If you support Fiscal Responsibility, Constitutionally Limited Government and Free Markets - Make sure to "Like" Tea Party Patriots on Facebook and join Tea Party Patriots here.

Washington’s “balanced approach” to the deficit includes more pork

 During last year’s campaign, and during the fiscal cliff debacle, President Obama, many Democrats, and some Republicans called for a so-called “balanced approach” to reducing the federal deficit. This was the impetus for the fiscal cliff deal, which increased taxes and funded both unemployment benefits and the farm bill, all while kicking the vast majority of scheduled budget reductions down the road. Now, going forward, it would seem logical for “balance” to be garnered by reducing spending. After all, the taxes have already gone up on 77% of taxpayers in the last two weeks. Yet Superstorm Sandy relief has many unrelated amendments to it ...

Fiscal conservatism breeds balanced budgets

Take it away, Mary Katharine Ham: Gov.-elect Mike Pence of Indiana will go into office with a sunny fiscal outlook: With a $500 million budget surplus and $2 billion in reserves, Indiana Governor-elect Mike Pence has pledged to give back some of that money when he takes office next week by cutting personal income taxes. “An across-the-board tax cut for all Hoosiers would send a strong signal that we are managing our funds wisely and also reducing the tax burden on our taxpayers and businesses,” the former U.S. Congressman said while campaigning to replace outgoing fellow Republican Mitch Daniels as governor. A few more: Iowa is looking at an ...

12 Days of Solutions, Day 6: Cut, Cap, & Balance

Last year’s debt ceiling debate highlighted many things broken in the Washington budget process, including Harry Reid’s infamous quote, “It can’t all be spending cuts.” Of the multiple solutions offered, “Cut, Cap & Balance” offered the most hope for fiscal restraint, which is why we are highlighting it in our 12 days of solutions. Unfortunately, the Senate and President ignored the plan offered by the Republican Study Committee (RSC) and passed by the House that aimed to address the real problem in Washington, the overspending. From the RSC’s website: H.R. 2560, The Cut, Cap, and Balance Act, is based on the framework first ...

Letter to House Republicans: Present a Balanced Budget

Dear House Republicans, President Obama recently proposed a new budget that never balances -- not in ten years, not in twenty, not ever. But at least he proposed one, in contrast to Senate Democrats. Nonetheless, and especially in light of the unprecedented accumulation of debt by this administration, it reflects a stunning abdication of fiscal responsibility. In short, it is completely unserious. Now you have the opportunity to produce a serious budget of your own, but it must sharply contrast with the Obama budget.  It will be difficult for President Obama's opponent to set up such a stark contrast if they have to defend a budget that is not ...

Senate Rejects Proposals For Balanced Budget Amendment Dec 18, 2011

On December 14, 2011, the Senate rejected two proposals for a Balanced Budget Amendment. In a strong partisan display, Republican-sponsored proposal SJ Res 10 was defeated by a Democratic majority vote of 53-46, shortly after the proposal sponsored by Sen. Mark Udall, D-CO, SJ Res 24 was also defeated. A strong proponent of passing the Balanced Budget Amendment, Senator John Cornyn, R-TX, co-sponsored SJ Res 10 which was introduced on January 26, 2011. In addition to provisions that would have reduced the skyrocketing national debt and prohibited deficit spending or tax increases without two-thirds approval of Congress, the Balanced Budget Amendm...

Balanced Budget Amendment Betrayal

The House Republican leadership has decided to bring the so-called "clean" Balanced Budget Amendment (BBA) up for a vote this week, despite all 47 GOP Senators and almost all of the coalition groups supporting the "strong" BBA. In a nutshell, the "clean" or "weak" BBA only requires a balanced budget. It places no caps on spending and would almost guarantee tax increases to balance the budget, because when was the last time you saw a politician willing to actually cut spending? The weak BBA would also allow judges to force Congress to raise taxes if the budget wasn’t balanced. Can you say activist judges?! Word on the street is that Boehner and ...