Balanced budget amendment headed to House floor next Wednesday

A balanced budget amendment will be considered on the House floor next Wednesday, The Daily Caller has learned from a senior GOP source on Capitol Hill.

House leadership gave the amendment its stamp of approval, when House Speaker John Boehner laid out three conditions for any deal on the debt limit to reporters Tuesday. Republican freshmen have been pushing the balanced budget issue for weeks. (Dems: We couldn’t attack Republicans if we agree to Medicare cuts)

“The spending cuts have to be larger than the increase in the debt ceiling,” Boehner said. “Secondly there are no tax increases on the table. And thirdly, we have to have real controls in place to make sure this never happens again. Real controls like a balanced budget amendment.”

The more conservative wing of the Republican caucus latched onto the balanced budget amendment early in the debt limit debate, arguing that it needed to be tied to any debt reduction deal. Supporters argue the amendment would lock in spending cuts for future Congresses.

Rep. Joe Walsh of Illinois, the co-sponsor of the bill, called the current $14.4 trillion debt “immoral and unsustainable” in a statement Monday. “[T]he only way to fix it is to force politicians to live within their means by amending the Constitution,” said Walsh.

The amendment will need a two-thirds majority to pass the House. There’s also a version of the amendment in the Senate. It has the support all 47 Republican senators.

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  • duane

    These are possibly the 5 best sentences you’ll ever read:
    1. You cannot legislate the poor into prosperity, by
    legislating the wealth out of prosperity.
    2. What one person receives without working for,
    another person must work for without receiving.
    3. The government cannot give to anybody anything that
    the government does not first take from somebody else.
    4. You cannot multiply wealth by dividing it.
    5. When half of the people get the idea that they do not
    have to work because the other half is going to take care of them,
    and when the other half gets the idea that it does no good to work,
    because somebody else is going to get what they work for, that is the
    begining of the end of any nation.
    Can you think of a reason for not sharing this?
    Neither could I……

  • erick1740

    Load of bullsh!t by republican crony leadership, spending cuts now!! I am going 3rd party and the republican party is dead

  • Brewskie

    I haven’t read this proposed Amendment, but if it doesn’t include a clause that all spending must adhere to only spending authorized in Article 1 Sec 8 then they MUST defeat it.

    Without expressly stating that all spending must be Constitutional then this Amendment will do nothing but codify all the unconstitutional, and illegal, spending that Congress has been doing for so many decades. And it will cure NONE of the ills afflicting this Country. Even if the otherwise unconstitutional spending is balanced.

  • opaobie

    Unless they leverage the issues and tie the vote to raising the debt ceiling and genuinely cutting spending, it is just another exercise in futility and a cover for reelection of the gutless losers… “Hey, I voted for it but it just didn’t have the votes to pass on its own”, just like the fiasco of allowing the Continuing Resolutions to be “standalone” issues with no leverage to force the Liberals to pass them. Democrats are masters at putting crap sandwiches into bills and bundling things they want with things Conservatives MUST have (like defense appropriations) so they force them to hold their noses and vote for the whole bill in order to get the one thing they actually want Maybe it’s time to make the Liberals eat one for the good of the country…along with “eating their peas”.