Balanced Budget Amendment


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Balanced Budget Amendment

A proposed amendment to the United States Constitution that would require the federal budget to be in balance or in surplus every fiscal year. Several different versions of the balanced budget amendment have been proposed, and most states have implemented a version of it. Proponents argue it would encourage fiscal responsibility, while critics contend investing with borrowed money can sometimes be beneficial.
References in periodicals archive ?
If these recommendations are enacted by Congress or if a balanced budget amendment is passed, the President will be allowed to request another debt limit increase up to $1.
Constitution, calling for a convention of states to propose a balanced budget amendment to the U.
The COS says it favors amendments to require a balanced budget amendment, limit federal taxes, impose term limits in both chambers of Congress and the U.
These delegates have arrived en masse at the Lone Star State for a historic one-day convention whose sole purpose is purportedly the perfunctory proposal of a balanced budget amendment (BBA) to the Constitution.
The other, a balanced budget amendment, exists in several forms, and has been pushed from time to time by fiscal conservatives concerned about the federal government's incorrigible habit of overspending.
John Cornyn implored his colleagues in the House to vote for a strong balanced budget amendment this week - something he does not expect House Republican leaders to do.
Heady with victory in the deal they reached to raise the debt limit, House Republicans now plan to focus on passage of a balanced budget amendment to the Constitution.
Boehner told party leaders the deal no longer exists, cautioning Republicans must address the debt limit while advocating including a balanced budget amendment to the Constitution as part of the deal.
Dianne Feinstein and Barbara Boxer, Assembly Speaker Fabian Nunez and state Senate President Pro Tem John Burton was lukewarm, but the announcements help Schwarzenegger's effort to pass the $15 billion bond and balanced budget amendment on the March 2 ballot.
About 20 years ago, the National Taxpayers Union led a drive to get the states to petition Congress to call a constitutional convention to produce a balanced budget amendment.
There appears to be growing recognition in Washington that the Balanced Budget Amendment went too far in constraining provider payments.
We have fought against a balanced budget amendment to the Constitution on grounds that it would eliminate the ability to use fiscal policy as an anti-cyclical device in a recession.