We remind everyone that Absolutely — BUT– The Constitution hardly exists today. A “balanced budget” amendment to our Constitution, banning Congress from passing a budget that spends more than it takes in, is essential to our nation’s future. Res. Senators no longer beholden to the governments of their respective states, national bodies began to seize control over state and local governments via federal regulatory commissions, i.e., the EPA, the FCC and the Departments of Energy and Education. The students had to memorize it, recite it in front of the class. From a historical perspective, that sort of disregard for fiscal prudence is remarkable. Comments are subject to approval and moderation. The majority see themselves as a ruling class. This is neithr social nor security, but a way for government to take and spend more money. America’s Founding Fathers were acutely aware of this facet of the human condition and the direct correlation between economic and political freedom. The balanced budget amendment is a godd start. just a thought. The 16th and 17th Amendments set in motion a century of near continuous expansion of America’s federal government, culminating in the Obama Administration’s $14.5 trillion national debt, a federal healthcare system that regulates and penalizes the inactivity of consumers, and an Environmental Protection Agency that utilizes its regulatory powers to initiate policies irrespective of the laws of Congress. We have small number of elected officials who are realy public servants who will defend our costitution. Our nation is at a crossroads. Another 2014 book, A Nation Wholly Free, examined the drive to eliminate the federal debt under President Andrew Jackson in the 1830s. in God’s name can “they” require “us” to pay for it? And it seems like it could be used to justify tax increases. For 3 years I have watched as the Democrats – singlehandedly- controlled the congress, and passed bill after bill with other things stuffed in them, other than the initial purpose. It’s critical to understand basics, history of anything and everything. It would reduce taxes, increase disposable income, reduce the privileges of the creditor class, and, in general, generate greater equality as well as liberty. When will enough money be spent propping up the stock market? Don’t laugh–this is the NEW AMERICA! It allows politicians to pretend that they are not responsible for the resulting deficits and debt. Just-A-Thought: “If We Replaced All-of-Congress, and The President with Random-Names from Phone-Books; (all across America),HOW MANY OF THOSE THAT WOULD TO BE SLECTED, DO YOU THINK WOULD NEED A’ BALANCED BUDGET AMENDMENT’, TO ‘FORCE THEM’, TO BALANCE THE FEDERIAL BUDGET?” I never heard of a job where the employees decide how much they make ,how much vacation they get, Free gymnasiums, free medical and dental. This is an old idea, but a good idea. Time to get Washington to “live within a budget” just as millions of Americans do everyday! Cycles of boom and bust that become more severe with time and lead to major recessions; A serious problem whose management usually adds more debt and higher taxes. Central banking functions can be performed by the national treasury with little cost to the taxpayer. But the amendment needed a two-thirds majority -- … What our discussion should be is to put the feet of our representatives to the fire and restrain them from selling and buyong votes. July 18, 2017. There have been over ten thousand attempts to amend the United States … The Constitution is not the problem: the immoral, unpatriotic, socialist, unethical members of the House and Senate and some who have been President are the problem. If the progressives have their way, the country is short lived. A BBA has been proposed in Congress as far back as 1936. They do not have permission to give my money to other countries when our own country needs it to pay its debt and protect our future. The 17th Amendment dealt the final blow to the Founders’ vision of an economically independent and politically free American populace. It needs to be brought down, and I surely don’t want any loophole where they can raise the debt limit over the top for pet projects and people!! One of the milestones in the modern debate over the balanced budget amendment came in 1995, when the House of Representatives led by Speaker Newt Gingrich passed legislation that would have banned the federal government from running deficits as part of the Republican Party's "Contract With America." I think we all are being lead into a false feeling that a BBA will solve the nation’s fiscal problems. It … What changed in the 1930s? Isn’t the market just a price like any other? When I taught US History to 5th graders, we parsed the Preamble to the Constitution b/4 working our way through it. I still favor such an amendment, but is there any way the amendment can be drafted to limit this possibility? Ronald Reagan always wanted a line item veto but the Court said spending was the Constitutional responsibility of Congress. Sign up to have Cato At Liberty posts delivered straight to your inbox! Also agree 2/3 congress to raise tax base. Heritage Foundation Distinguished Fellow Ernest Istook explains in a new historical overview. I don’t know the history about balance budget But I know I want one.Stop spending now.Those people in congress are scared to death to do anything.I mean both sides.Cmon lets do it. Now we are looking at 200K and 30K. Thomas Jefferson wrote in 1798, “I wish it were possible to obtain a single amendment to our Constitution. Dividend income over say $100,000 should be taxed as regular income. I think this is a must we should push for it now. I do agree. I am not in favor of any in this generation believing they know better than the framers…and many framers and even Abraham Lincoln issued a powerful statement about amending the Consitution. Liberty posts delivered straight to your inbox restrain our politicians from making Washington their play home control the valuation our! Of the bill as a WHOLE size of government to GDP in a given.. A must we should push for it now of GOV b/4 working way! 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