Section 1: Congress shall adopt a budget for each fiscal year in which projected 1. Michigan itself has a balanced budget requirement, but not so for the federal government. They would require the Congress to adopt a balanced statement of taxes and spending each year. Beau Beaullieu (R-New Iberia) and has earned the support of the conservative Pelican Institute for Public Policy. But the amendment needed a two-thirds majority -- … The Amendment needed two-thirds support in the House. Interview with Nathan B . This resolution proposes a Balanced Budget Amendment to the U.S. Constitution, prohibiting total federal spending from exceeding revenues unless approved by a three-fifths vote of Congress. Results show that 86.1 percent of Republicans support the amendment, a percentage nearly 20 points larger than the 67.7 percent of Democrats who support the amendment. For that discussion, see The Balanced Budget Amendment: An Inquiry Into Appropriateness, 96 HARV. This must begin to occur to reassure the nation’s creditors that the U.S. intends to honor its obligations with real money, not with a “pretended payment”[9] that economist Adam Smith warned against. Responses break down even further when support of a balanced budget amendment is examined by party, though large majorities of both parties support amending the constitution. Non-urban voters — the target audience of Mr. Obama’s taxpayer-funded bus tours — support a balanced budget amendment by 61 to 33 percent. A balanced budget amendment in 1974 set further restrictions on Maryland’s “unique” budgetary process. I see this as a step in the right direction toward instilling some financial self-control on our government. Members of Congress have proposed almost a dozen constitutional amendments this year requiring a balanced budget, all of which share serious drawbacks. Some of the most frequent additional elements are: A requirement that the President submit a balanced budget … The amendment would make it unconstitutional for the federal government to run annual budget deficits. Rep. Ben McAdams introduced the latest balanced budget amendment (BBA), H.J. Former GOP senator Alan Simpson calls it “madness." CONTACT. Most amendment proposals go further than requiring a balanced budget or budget surpluses. The Balanced Budget Amendment being proposed, once implemented, will make it possible that for the first time since 1957[8], the national debt can be reduced. This idea of a balanced budget amendment has really taken off in the past few years as the nation’s debt has increased. The National Committee supports responsible government budgeting; however, we oppose a balanced budget amendment to the U.S. Constitution because the measure would significantly harm the economy, result in a government default and force severe cuts in Social Security, Medicare, Medicaid and other vital federal programs. WASHINGTON— Today, the fiscally-responsible Blue Dog Coalition announced that it has endorsed a Balanced Budget Amendment, which was authored by Rep. Ben McAdams (UT-04), co-chair for the Blue Dog Task Force on Fiscal Responsibility and Government Reform. A Balanced Budget Amendment is a Nonpartisan Issue: Polls taken in 5 US states of members from all political parties are unanimous – balancing the nation’s budget is not a partisan issue. Unity supports the passage of a Balanced Budget Amendment in the interests of the nation’s fiscal and economic health. 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