The Republican-led House of Representatives has passed a bill called “Cut, Cap, and Balance.” It calls for cutting spending back to 2008 levels, capping spending to a certain percentage of the GDP, and raising the debt ceiling only if both Houses of Congress send a balanced budget amendment to the states for ratification. Political commentators are calling it dead from the start.
I agree, to a point. Will it pass the Senate? It might have a small chance [some Democrats might actually be afraid of losing theirs seats if they don't sign on to it], but the real issue is whether Majority Leader Reid will even allow it to come to a vote. Even if it did pass the Senate, it would face a certain veto from President Obama. That’s why the political class is saying this was merely symbolic and a waste of time. That’s the part with which I disagree.
It’s important for the Republicans to stake out their position. The people of this country need to know what they stand for. They also need to know if they will abide by the promises they made in the last election. Since Republicans control only half of the Congress and have to deal with a president hostile to their efforts, there is little hope they will achieve this time what they seek, but this is all groundwork for the 2012 election. It shows, first of all, that they are serious about changing the direction of the country economically. Second, it can serve as a rallying point for the message that the Senate and the presidency must be in their hands if anything is going to be accomplished.
Therefore, I endorse what they have done. Sometimes in losing, you win.
If the voters can ever remove the blinders from their eyes, they will see what Obama’s economic policies are actually doing and how pitiful and insincere his “solutions” are:
There’s some concern on the Right about the provision for a constitutional amendment for a balanced budget—that it might hamstring the government or that it will be ineffective. Yet already the Democrat response to the call for this amendment is to decry its ability to stop any effort to raise taxes. I will consider seriously any concerns expressed, but I currently believe it’s still the only way to introduce fiscal sanity.
We shouldn’t have to need a constitutional amendment for this, but desperate times call for stronger measures.