"Balanced Budget Amendment"
This week, Republicans in Congress are holding a vote on their so-called "Balanced Budget Amendment" -- a scheme that nonpartisan economic experts say would be "catastrophic" for our economy.
Our leaders should govern based on sound policy, not sound bites.
Connect: America's budget priorities should reflect our values and common sense.
Define: Washington Republicans' so-called "Balanced Budget Amendment" sounds nice, but it would be catastrophic for our economy. It would just make it harder to put Americans back to work in hard times.
Discredit: They say they want government to operate like a family budget. Well, families take out mortgages to buy homes, use credit cards to cover expenses in between paychecks, and get loans to send their kids to college.
Illustrate: This reckless scheme would mean our government CAN'T operate like a household. It would force layoffs for millions of Americans during bad times and keep millionaire tax giveaways that got us here in the first place.
Contrast: The best way to deal with our debt is to put Americans back to work. Our leaders should govern based on sound policy, not sound bites.
Tweet: GOP BBA may sound good, but it's catastrophically bad for American jobs. US budget should be built on sound policy, not sound bites.
- Simple does not mean good. In fact, Washington Republicans' so-called "Balanced Budget Amendment" would mean "catastrophic" harm to our economy during bad times and slower economic growth in good times.
- If this reckless, ideological scheme had been in place before the recession, 15 million more Americans would be out of work and the unemployment rate would be double today.
- Our leaders should govern based on sound policy, not sound bites.
- Washington Republicans' so-called "Balanced Budget Amendment" would force layoffs for millions of Americans who are already working harder and harder for less and less.
- If they were serious about deficits, they wouldn't have fought so hard for the Bush tax cuts and two unfunded wars that led to the record deficits we're dealing with today.
- The WORST way to handle the deficit is to put more Americans OUT of work. So let's get rid of deficit-busting tax giveaways for millionaires who don't create jobs and big corporations that send our jobs overseas -- and use the money to put Americans back on the job.
YOU NEED TO KNOW
- Nobel Laureates and leading economists strongly oppose a so-called "Balanced Budget Amendment," warning that it would require exactly the opposite of what our economy needs during a recession.
- Even a top economist who served in the Reagan White House calls the proposal "quite possibly the stupidest constitutional amendment" he has ever seen.
- The so-called "Balanced Budget Amendment" that every Republican in the Senate has endorsed would have made all of Presidents George W. Bush and Reagan's budgets unconstitutional.
- A constitutional amendment is not needed to balance the budget. Under President Clinton, we didn't just get balanced budgets: we actually got budget surpluses, paid down our debt, told millionaires and big corporations to pay their fair share in taxes, and got millions of new jobs and strong economic growth.
- Many of the politicians pushing for a so-called "Balanced Budget Amendment" today admit that they saw the eight years under Bush as a period in which it was "standard practice not to pay for things" because they thought "deficits don't matter."
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Posted in - Budget - Economy - Jobs