I fear a BBA won’t be soon enough to fix America’s (Obama’s) disastrous financial picture
But if you never start, it never ends…
All 47 Republican Senators sign on(?) to the balanced budget amendment. The Senate’s new effort comes on the heels of a similar move in the House. Rep. Jim Jordan, who heads the influential Republican Study Committee, is circulating a letter that asks Speaker John Boehner to include the amendment in any deal with the president in return for agreeing to a higher debt ceiling.
Judiciary Committee Approves Balanced Budget Amendment
The proposed amendment would require that Congress pass a balanced budget, unless a super-majority of two-thirds of both houses authorize a deficit. In addition, federal spending could not exceed 18 percent of the nation’s Gross Domestic Product.