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conservative-led coalition moves for balanced budgets - the so-called
The constitution will be amended to align the balanced budget rule with the fiscal compact.
A balanced budget amendment is a common-sense tool to restructure the way government spends taxpayer dollars," Cuellar said in a statement.
Wouldn't a balanced budget amendment prevent Congress from spending the country into chaos and heaping a hopeless burden of debt on future generations?
a balanced budget requirement as part of the Constitution, some
And if the Balanced Budget Amendment is in place, and when the required deficit-allowing threshold is not attainable, but the majority still want to spend the money they feel they need to spend (usually for items and issues not constitutionally allowed, but for such items as entitlement programs, stimulus packages, etc.
The plan is to continue" having a balanced budget, said George, but "that depends on our ability to raise revenues.
Even though we've been operating at a deficit, we've created the fiction that in fact we have a balanced budget,'' he said.
The BBV is a novel form of line item veto that would eliminate what always has been the fatal flaw in any balanced budget mandate--the lack of an effective enforcement mechanism favoring spending cuts over tax increases.
A major difference between the two measures is the long-term approach to reaching a balanced budget.
The President's promise to simultaneously keep to the schedule of last year's ballooning tax cuts, spend billions more on countering terrorism and return to a balanced budget by the end of his first term can only be accomplished by reducing discretionary spending.
In principles of macroeconomics textbooks, the simple balanced budget multiplier is always unity.

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