Thread: House defeats balanced budget amendment

I seems our money grubbin lawmakers have no intention of curbing their out of control spending to insure their own re elections and power. JMO

House defeats balanced budget amendment
Friday, November 18, 2011

The House on Friday rejected a balanced budget amendment to the Constitution, falling well short of the two-thirds vote required and signaling a striking slide since the amendment’s high point in the 1990s.

The failed vote came two days after the Treasury Department announced the federal debt had topped $15 trillion for the first time in history. But Republicans could not win over enough Democrats, who said they don’t trust the GOP to consider tax increases as part of a balanced budget solution.

“This vote should not have been about politics. It should have been about what is right for our nation,â€

[quote]“I believed in 1995 when I cast that vote, January of 1995, in favor of the balanced budget amendment to the Constitution, that it was the only way we would be able to achieve a balanced budget. I was wrong. Two short years later, we balanced the federal budget,â€