Saturday, September 3, 2011

The Balanced Budget Amendment, coming soon

Roll up your sleeves, America. It's time to go back to work and stop waiting on the Washington establishment to solve our problems. The failed policies of this administration are numerous. This month's jobs report, released yesterday, confirms idle labor is still sitting on the sidelines with ZERO jobs added to the economy. It's time to put Washington in a debt and spending straight jacket from which it will never again be released. There are two prominent GOP versions of the Balanced Budget Amendment that will be floated to both the House and the Senate, requiring a 2/3 majority to send it to the states for ratification.

In 1995, a BBA failed to win approval in the Senate by only one vote. Imagine where we might be today if only one Senator had voted the other way. We certainly would not be in the debt debacle we are.

It is imperative we change the trajectory we are on as a nation. All that is necessary is that Washington STOP coming up with solutions that don't work, get out of our way, and let US as the sovereign people we are step forward and put an end to elected representatives who are unresponsive to our desires. Here's a thoughtful approach to doing things the right way. Further, there is incontrovertible evidence the regulatory environment under the Obama administration has been stifling.

Rep. Bob Goodlatte (R-VA), the sponsor of two leading GOP versions, makes the case for the necessity of the BBA in a weekly Republican address airing Saturday that an amendment would create jobs by putting Congress on a spending diet. It is clear Americans have finally tuned out this president. What is becoming obvious to even the casual observer is that speech making by this president isn't demonstrating the kind of leadership for which Americans yearn and expect. Obama may be reaching a point where no one cares anymore what he says. His deeds have not matched his rhetoric, and that's record his opponents will increasingly jump on then pile on. When he speaks next week about his plan for creating new jobs, we would be well-advised to look elsewhere for our answers, since nothing he has promised has come to pass. Presidents do not create new jobs. Their policies either enhance or destroy the incentives for those who do. Thus far he has done nothing but paralyze private capital investment into the economy.

Republicans, of course, maintain by ending attempts at Obama-style stimulus spending we can finally put the nation back to work. To get the BBA passed, it will take a bipartisan effort, setting party politics aside and keeping it on the sidelines. We need representatives in Washington who will finally decide to do what is right for America's future, not their own individual interests.

Be patient. If Congress fails to pass the BBA this fall, and the "super committee" fails in its mission to send a serious signal to the rating agencies that we are serious about managing our debt and deficits, then Americans will elect those who will get it done in the next Congress following the 2012 election. We really have no other choice. That's why this next election is so critical to our collective welfare as Americans. We are at a crossroads. We can no longer have it both ways. Decision time is upon us.

“The president’s ‘stimulus’ spending has proven counterproductive,” Goodlatte says. “This fall, both the House and the Senate will vote on a Balanced Budget Amendment to the Constitution that would force Congress to spend only what the government takes in… That doesn’t just mean a fiscal house in order: it also means more certainty for the private sector and a better environment for job creation.”

Goodlatte calls on Obama to back a balanced budget amendment in the president's Sept. 8 jobs speech to Congress. However, one should acknowledge this president is tone deaf to anyone who dares to oppose his point of view. Don't expect that tiger to change its stripes in yet another speech filled with empty rhetoric and unrealistic promises involving more government spending.

Why would we give the federal government a free pass on spending and running up unconscionable deficits, when in 49 of the 50 states their individual state constitutions mandate a balanced budget?

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