KBTX - Money - Headlines

Balanced Budget Amendment to Get Votes in Congress

By: Associated Press
Posted: Mon 12:22 PM, Aug 22, 2011

As a "supercommittee" tries to find $1.5 trillion in new deficit cuts this fall, Republicans will be pressing a far more ambitious goal. They want to amend the Constitution to require the government to balance its budget.

The idea is being pushed most forcefully by conservatives eager to shrink government spending but disappointed with the results so far. Republican Congressman Pete Sessions of Texas says a balanced budget amendment is "the only permanent solution to control government spending."

However, some Republicans fear the amendment could trigger higher taxes. They want to require two-thirds of Congress, not just a simple majority, to approve tax increases. Under this summer's debt ceiling-deficit deal, Congress has to vote on the amendment by Christmas. Three-fourths of the state legislatures would then have to ratify it.


We ask that the following Community Standards be followed:
  • Comments must not be profane or vulgar.
  • Comments must not use hate speech, racial slurs, or violent descriptions.
  • We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.
  • Comments must not contain negative, comparative debates between community standards of cities or towns.
  • Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.
  • Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html
powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 128190673