Balanced Budget Amendment

Balanced Budget Con Game

When politicians start talking about amending the constitution to require a balanced budget, they're telling you two things.

They have no courage and they think you're stupid.

What they really want is the issue and none of the responsibility that goes with balancing the budget. Republicans have majorities in Congress and could pass a balanced budget today if they were serious.  And if the President vetoes it, they have the issue they're looking for.

Balanced Budget Blather

President Obama's proposal to raise taxes on the top 0.1 percent -- that's 1 percent of the top 1 percent -- to give tax breaks to the middle class was quickly denounced by Republicans as "counterproductive."

He'll unveil his plan public in Tuesday's State of the Union Address but the opposition wasted no time in letting him know it is a non-starter.

Dems Call Jews To The Rescue

In search of a solution to the great debt ceiling crisis, House Republicans have turned to the Tea Party for help in passing a Balanced Budget Amendment to the Constitution along with deep spending cuts, and Senate Democrats have turned to the Jews for help blocking it.

 The House Tuesday evening passed its Cut-Cap-Balance bill, 234-190 largely along party lines, but it's likely dead in the water. The President has threatened to veto it, although it's expected to die in the Senate and never make it to his desk.

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