Once again the powers that be are attempting to lead conservatives by the nose by marketing their ploy as fiscal conservatism, but in reality just backdooring in even MORE spending and debt.
Conservatives please be aware and READ THE BILLs. Don’t listen to what people say, look at the words of the actual bills. You may be shocked that what some trusted sources are pushing are very, very different than what they say it is.
In the case of the “Balanced Budget Amendment”, it is really anything but. Sure, any moron could balance a budget by raising the debt ceiling even more.
Advocates for the so called “Balanced Budget Amendment” have no intent to eliminate debt.
On the contrary, their proposed Amendment should be named the “Authorized Debt Amendment”. The authors of this model legislation want us to believe Congress can “balance” the budget with debt. To add insult to injury the several states will authorize not just the new an increased debt, but all previous debt in the Constitution of the United States through their constitutional amendment.
In last year’s proposed Arizona HB 2305 we read: [page 2 lines 9-14]
9 SECTION 7. “BALANCED BUDGET AMENDMENT” MEANS THE FOLLOWING:
10 “ARTICLE __
11 SECTION 1. TOTAL OUTLAYS OF THE GOVERNMENT OF THE UNITED STATES SHALL
12 NOT EXCEED TOTAL RECEIPTS OF THE GOVERNMENT OF THE UNITED STATES AT ANY POINT
13 IN TIME UNLESS THE EXCESS OF OUTLAYS OVER RECEIPTS IS FINANCED EXCLUSIVELY BY
14 DEBT ISSUED IN STRICT CONFORMITY WITH THIS ARTICLE. [Emphasis added]
What determines the initial excess to be financed by debt? [page 2]
15 SECTION 2. OUTSTANDING DEBT SHALL NOT EXCEED AUTHORIZED DEBT, WHICH
16 INITIALLY SHALL BE AN AMOUNT EQUAL TO 105 PERCENT OF THE OUTSTANDING DEBT ON
17 THE EFFECTIVE DATE OF THIS ARTICLE. AUTHORIZED DEBT SHALL NOT BE INCREASED
18 ABOVE ITS AFORESAID INITIAL AMOUNT UNLESS SUCH INCREASE IS FIRST APPROVED BY
19 THE LEGISLATURES OF THE SEVERAL STATES AS PROVIDED IN SECTION 3.
How does Congress increase the initial authorized debt? [page 2]
20 SECTION 3. FROM TIME TO TIME, CONGRESS MAY INCREASE AUTHORIZED DEBT TO
21 AN AMOUNT IN EXCESS OF ITS INITIAL AMOUNT SET BY SECTION 2 ONLY IF IT FIRST
22 PUBLICLY REFERS TO THE LEGISLATURES OF THE SEVERAL STATES AN UNCONDITIONAL,
23 SINGLE SUBJECT MEASURE PROPOSING THE AMOUNT OF SUCH INCREASE, IN SUCH FORM AS
24 PROVIDED BY LAW, AND THE MEASURE IS THEREAFTER PUBLICLY AND UNCONDITIONALLY
25 APPROVED BY A SIMPLE MAJORITY OF THE LEGISLATURES OF THE SEVERAL STATES, IN
26 SUCH FORM AS PROVIDED RESPECTIVELY BY STATE LAW; PROVIDED THAT NO INDUCEMENT
27 REQUIRING AN EXPENDITURE OR TAX LEVY SHALL BE DEMANDED, OFFERED OR ACCEPTED
28 AS A QUID PRO QUO FOR SUCH APPROVAL.
In layman’s language Congress can increase the national debt to “an” (read “any”) amount approved by and with the blessing of only 26 states.
Fiscal conservatives and state sovereignty champions agree with constitutional advocates that federal spending is so unrestrained as to be deemed “run-away”. The problem of deficit spending is magnified by states “balancing” their own budgets by claiming federal funds to do so. And states (including Arizona) will never restrain federal spending as long as they remain dependent upon federal funds to balance their own budgets.
This amendment will not restrain federal deficit spending; it will authorize federal deficit spending.
Conservatives, watch out for the snake oil salesmen, because they are coming. Look under the covers and please READ THE BILLS!