Just what is Cut, Cap, and Balance?

Good article from Blue Wave News:

Summary:

  • Make it near impossible to implement stimulus spending in a recession. In fact, it would almost certainly require severe budget cuts in the very programs that help people the most during a recession.
  • It would create a disincentive to implement possible stimulative tax cuts as it would take a 2/3 vote to repeal them (assuming one couldn’t just sunset them).
  • It would make it difficult for the government to provide disaster relief in the case of a major hurricane, earthquake, flood, drought, or other natural disaster as it would require a 2/3 vote to do so.
  • It would make some common sense fixes to Social Security difficult, by making any vote to raise or eliminate the payroll tax cap subject to a 2/3 vote, putting the sustainability of Social Security into even further question.
  • The Patient Protection and Affordable Care Act would almost certainly have to be repealed. This would actually make it harder to balance the budget, as the PPACA has the net effect of lowering the deficit, but it would violate the 18% of GDP provision.
  • It would almost certainly require that any steps to be taken to lower the national debt would have to be taken by spending cuts only.
  • If the GOP cut taxes with the argument that it would increase revenue – and were wrong – it would be nearly impossible to reverse as it would take a 2/3 vote to do so.
  • However, it would make it (relatively) easy for a party who controls Washington to do something such as Invading Iraq again, as it would only take a 3/5 vote of both Houses to declare doing so a “imminent and serious military threat to national security.” – but would make it difficult to pay for such action by raising taxes as 2 of the 3 amendments wouldn’t waive the 2/3 vote to raise taxes provision, even in a time of war.
  • It would make the US much like California in that it would take a 2/3 vote to do any sort of real budget reforms. This situation was a large reason why California faced one of the biggest budget deficits in the nation.
  • It would encourage Congress to balance the budget using budgeting tricks, similar to what is happening in many states with balanced budget amendments right now, making the nation’s financial situation less stable, not more stable.

Just another example of how the Tea Party is bent on bringing down the federal government…

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About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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