The Perils of a Balanced Budget Amendment

Bill Schneider Distinguished Senior Fellow and Resident Scholar at Third Way

It’s baaaack! This week, Congress will vote, yet again, on a balanced budget amendment to the Constitution.

A two-thirds majority in each house of Congress is required to amend the Constitution. Since 1980, Congress has voted on a balanced budget amendment five times. The closest it has come to passage was in 1995, when it passed the House of Representatives but failed to pass the Senate by one vote.

The American public has long supported a balanced budget amendment. Why? It’s common sense. If you keep on spending more money than you take in, you’re headed for trouble. Every state except Vermont has some sort of requirement that its budget be balanced.

Conservatives see a balanced budget amendment as a way to institutionalize their agenda. Once the amendment is in place, it will become extremely difficult — literally unconstitutional — for the federal government to increase spending beyond revenues.

The amendment would mandate precisely the kinds of spending cuts that are so politically controversial that supporters of the amendment are unwilling to spell them out. Once the amendment is ratified, however, politicians would presumably be able to argue that they have no choice but to cut Medicare and Social Security and veterans’ benefits. Angry constituents would, of course, understand and forgive. The Constitution must be obeyed!

In the words of the late Sen. Everett Dirksen of Illinois, “Ha, ha, ha. And I might add, ho, ho, ho.”

Read the rest of this article on the Huffington Post

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