Printer Friendly
The Free Library
4,631,024 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

REPUBLICANS DELAY WORK IN HOUSE ON BALANCED-BUDGET AMENDMENT.


Byline: David E. Rosenbaum The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Times

Afraid that they do not have the votes for approval, House Republican leaders decided Monday to postpone at least until next month further action on a constitutional amendment to require a balanced federal budget.

The decision is the latest indication that adoption of the proposed amendment is in serious doubt. It would require approval by two-thirds of those voting in the House and Senate and then ratification by three-fourths of the state legislatures A state legislature may refer to a legislative branch or body of a political subdivision in a federal system.

The following legislatures exist in the following political subdivisions:
.

The House Judiciary Committee Judiciary Committee may refer to:
  • U.S. House Committee on the Judiciary
  • U.S. Senate Committee on the Judiciary
, which was scheduled to vote on the measure today, announced Monday that the meeting had been canceled.

Sam Stratman, the committee's spokesman, said the leaders wanted to wait until the Senate voted, hoping that approval there would give the measure momentum in the House.

But approval in the Senate is by no means a certainty. Debate began on the Senate floor last week, but no vote is scheduled. Senate leaders from both parties agree that the outcome there hinges on the votes of four freshman Democrats who have not announced their positions.

The proposed amendment would require that the federal budget be balanced by 2002 or two years after ratification by the states, whichever came later. The requirement could be overridden only by three-fifths majorities in the House and Senate.

An almost identical measure was approved in the House in 1995 by a vote of 300-132, 12 votes more than the two-thirds needed. But the amendment was rejected by one vote in the Senate.

Almost all Republicans in Congress support the amendment, and most Democrats oppose it. President Clinton is strenuously opposed.

The proposed amendment has been a central part of Republican doctrine for years. Republicans argue that it would provide the discipline elected politicians need to reduce government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. .

Democratic opponents counter that it would clutter the Constitution unnecessarily, make recessions worse and threaten Social Security benefits.

The immediate problem faced by Republican leaders in the House was the possibility that the Judiciary Committee would adopt a Democratic substitute that would require a balanced budget Balanced budget

A budget in which the income equals expenditure. See: budget.


balanced budget

A budget in which the expenditures incurred during a given period are matched by revenues.
 but exclude Social Security from the calculations.

The substitute is a political tactic designed to kill the constitutional amendment, not a serious attempt to balance the budget.

Many lawmakers, especially those who represent large numbers of retirees, see votes that seem to threaten Social Security benefits as political poison pills A defensive strategy based on issuing special stock that is used to deter aggressors in corporate takeover attempts.

The poison pill is a defensive strategy used against corporate takeovers.
.

Polls show that the public favors a constitutional amendment requiring a balanced budget by a large margin. But more than two-thirds say they would oppose such an amendment if it would lead to lower Social Security benefits.

Republicans have a majority on the Judiciary Committee of 20 to 15. This means that if three Republicans vote for the Democratic amendment, it would pass.

One, Bill McCollum This biography needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article.  of Florida, already has said he would vote for it. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 staff assistants who have been keeping track of how members intend to vote on the Social Security question, Republican leaders could not count Monday on the votes of several other Republicans on the panel, including Ventura County's Elton Gallegly Elton W. Gallegly (born March 7 1944), an American politician, has been a Republican member of the United States House of Representatives since 1987, currently representing the 24th District of California (map). , Charles Canady of Florida and Robert Goodlatte of Virginia.

As a practical matter, adoption of the Social Security measure would make it impossible to show a balanced budget by early in the next century. The latest Congressional Budget Office The Congressional Budget Office (CBO) is responsible for economic forecasting and fiscal policy analysis, scorekeeeping, cost projections, and an Annual Report on the Federal Budget. The office also underdakes special budget-related studies at the request of Congress.  figures show that lawmakers would have to find an additional $465 billion in savings in the next five years to offset the surplus in Social Security accounts.
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily News (Los Angeles, CA)
Date:Feb 11, 1997
Words:574
Previous Article:ART SHOW THANKS GALLERY BACKERS.(News)
Next Article:BLAZE GUTS 4 CONDOS AT COUNTRY CLUB : FORMER COUNCILWOMAN AMONG THOSE AFFECTED IN $1 MILLION FIRE.(News)(Statistical Data Included)



Related Articles
Off balance. (balanced-budget amendment)
Silence the court: if a Balanced Budget Amendment would empower the judiciary to tax and spend, we'd be better off without one.
Whole lotta shakin' goin' on.(Congressional politics)
Misappropriations.(Republican Party's inability to reduce federal budget)(Column)
Who's what in Congress. (conservative legislators)(NR's Guide to the New Majority)
Just say no. (Balanced Budget Amendment)
BALANCED-BUDGET AMENDMENT PLAN LOSES KEY SUPPORT.(News)
BALANCED-BUDGET AMENDMENT FALLS 1 VOTE SHORT IN SENATE.(News)
GINGRICH DEFENDED ON TAX CUTS.(News)
CLINTON SHOWS INTEREST IN BUDGET AMENDMENT.(News)

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles