JUser: :_load: Unable to load user with ID: 786


Wednesday, 13 July 2011 14:40
U.S. Needs Balance Budget Amendment To Handle National Debt
Written by 

ChehardyWhile Democrats and Republicans continue to negotiate the economic future of America, the American people are forced to sit idly by and hope for the best. This is so frustrating because, as is usual, politics is the guiding force in this debate. Spending can almost always be justified, but affording it is another issue.

The federal government is facing an economic meltdown. According to the Obama Administration, the United States will not be able to pay its bills on August 2 without an increase in the debt ceiling which currently stands at nearly $14.3 trillion dollars. Regrettably, the people who got us into this mess are the same people who are negotiating our way out of the same mess they created.

 President Obama wants to increase the debt ceiling so that it will not be an issue until after the 2012 election. While this may be smart politics for him, this alone should scare every American. If the debt limit is raised, the federal government can continue to spend money it does not have; and the need to increase the debt limit again will be front and center next year.

Obama has urged tax increases along with budget cuts while Republicans have called for budget cuts only. Since Washington has a spending problem, not a revenue problem, Republicans and responsible members of Congress should hold tight and oppose any tax increases.

A discussion over higher taxes should not be held within the context of today’s debate. The problem is not a lack of revenue. If that were the case, then new revenue would be an appropriate discussion. But that isn’t the case. Washington spends too much money. The spending habits of Washington must be brought under control first. If taxes are raised, spending reform will never happen, and spending will remain out of control.

Democrats, Republicans, and President Obama should agree on significant spending cuts. Current negotiations are reported to be in the $2 trillion to $4 trillion range. The American people should understand that such cuts won’t be enough. If they were enough raising the debt ceiling would not be necessary. In addition, these cuts are over a ten year period. That is why it is necessary to increase the debt ceiling now and quite likely in the future. And therein lays the real problem which is the continuation of the need of the federal government to borrow more money. Feel good spending cuts alone are not sufficient. Eliminating the need to borrow money is the real issue.

The solution to overspending in Washington is a balanced budget amendment to the Constitution. Such an amendment will insure that the federal government cannot spend more than it takes in. It is regrettable that the Congress and the President cannot be trusted to appropriate and spend our money responsibly. Since they cannot a balanced budget amendment is needed. If someone says a balanced budget amendment won’t work on the national level, it is because they don’t want it to work. Most states are required to have a balanced budget. It works on a state level, and it will work on a national level too.

Such reforms will only take place if the American people insist on it. Politicians respond to the ballot box. If Americans want to put this nation’s economic health on the front burner, the politicians will respond. But the heat must be intense and the threat of being booted out of office must be real for well entrenched, detached Washington politicians to do the people’s will.

Bayoubuzz Newsletter - Sign Up Below

For Email Newsletters you can trust

Talk To Us: 

What should U.S. Congress do to prevent default?
(Use your Facebook profile. Login and speak your mind) 


Also Click here and Join:

Louisiana Politics And Government
Louisiana PoliticsAnd Government
Join Bayoubuzz'sLouisiana Politics and Government community is a social media site that is designed to help connect people, government and politics in Louisiana. You can share photos, videos, audio, blogs, comments, and a full variety of content 

Login to post comments
  • A July 4th Fact of Facts: America is Land of Immigrants
  • Poll: Trump strong on jobs, weak on tweets, viewed as reckless, thin-skinned, sexist
  • President Trump, It doesn't feel like Independence Day
  • YIPPIE! The naked truth about free speech, cherished especially on Independence Day

mass2On July 4, 1778, George Washington doubled liquor rations for the soldiers quartered in Princeton, NJ, as a way to celebrate Independence Day. It’s fitting, therefore, that the Fourth of July is America's top-selling beer holiday, according to the Beer Institute. It estimated, in 2013, that sales of beer on the 4th could total $1 billion, doubtlessly higher today. “In moderation,” claims a CA brewery investor, Grover McKean, “beer is tasty and healthy.” Who could disagree?

Read More

joe mikaAs Donald Trump faces the top world leaders this week, including a face-time with Vladimir Putin, and as his healthcare proposals face an uphill climb, his poll numbers for how the nation views him could be better.

According to a morning Consult/Politico poll released Wednesday morning, his tweets, including that against MSNBC's Mika Brzezinski, and his personality are not helping him, at all.

Read More

indy dayII know the calendar says we are approaching the 4th of July, but, it just doesn’t feel like Independence Day.

Perhaps it should.  It’s hot as heck.  The airlines have been packed. The hot dogs are ready for grilling.  The umps are saying, "play ball". The patriotic activities are scheduled. The fireworks are ready-for-blasting. 

Yet, it just doesn’t feel like independence day.

Read More

bill rights2To President Thomas Jefferson, July 4th celebrated more than the signing of the Declaration of Independence. He thought it was a link to the future. The message prominent colonists sent to King George III led to the Constitution and the Bill of Rights, the initial and most prominent feature of which is the First Amendment that guarantees free speech. It’s part of the country’s fundamental essence that each man and woman can say what they feel about government, or anything else, proving President Donald Trump needs some civics lessons.

Read More


Dead Pelican

Optimized-DeadPelican2 1 1