GOP senators are proposing a balanced spending budget amendment to score political points for 2012. They intend to force Congress to pass a balanced budget amendment in return for votes that would approve raising the debt ceiling, which the federal government will need to pay its bills. Economists dismiss the balanced spending budget amendment as irresponsible political theater and chances it would be ratified are nil.
Record surplus changes to record deficit by GOP
Idea of balanced spending budget being well known
Possible that well balanced budget amendment will not make it because of support
Articles cited
CNN Money
money.cnn.com/2011/03/29/news/economy/balanced_budget_amendment/?cnn=yes
Perrspectives
perrspectives.com/blog/archives/001775.htm
Investors.com
investors.com/NewsAndAnalysis/Article/567387/201103281851/Budget-Balance-By-Law.htm
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Senate Republicans are pushing a well balanced spending budget amendment to the United States Constitution.
Resource for this article - GOP balanced budget amendment is irresponsible political theater by MoneyBlogNewz. Get a Unique Version of this Article Article Submission
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