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 ?
Senate, Ive called for Congress to pass a balanced budget amendment, and I cosponsored a bill to do just that because the federal government needs to gets its fiscal house in order.
org/) Balanced Budget Amendment (BBA) Task Force which has been in the works for decades, not anything new.
ALEC has dedicated significant resources to passing a Balanced Budget Amendment (BBA), peddling amendments, handbooks, and more to "educate" ALEC legislators.
His platform includes support for a balanced budget amendment.
They want to pass a federal balanced budget amendment.
After a fierce and drawn-out battle in the Oklahoma state legislature last spring, legislators rejected an application for an Article V convention for proposing a Balanced Budget Amendment (BBA), as well as an application for an Article V convention to impose other restraints on the federal government.
Reform Washington by passing a Balanced Budget Amendment and imposing term limits on Members of Congress.
The Senate voted in 2011 for a bill that would have endorsed the balanced budget amendment.
In the 1980s, some organizations called for using the process to add a Balanced Budget Amendment to the Constitution.
Sadly, the Balanced Budget Amendment failed to pass in the U.
However, an ineffective or ill-written balanced budget amendment would be worse than none at all.
One potential inclusion into the bill that I am elated did not make it in is the balanced budget amendment.