Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Would Republicans agree to a balanced budget amendment?
Do they even know what a balanced budget is?
14 Answers
- 9 years agoFavorite Answer
That was part of the reason that we almost defaulted on our debt 2 years ago. The Republicans wanted a balanced budget amendment. The Democrats wouldn't go for it.
- TelcontarLv 49 years ago
It is currently impossible to balance the budget. Military pay, government pensions, social security, and the various entitlement programs are using up more money than the government is taking in.
If you recall correctly, the recent Republican nominee for vice president had a plan which would not only reduce the budget, but also would eventually eliminate the national debt.
Don't blame the Republicans for the mess we are in. They have been trying to get a budget passed for the last four years.
To answer your question;YES, they would be highly in favor of a budget amendment.
- Anonymous9 years ago
It depends on the agreement - is the balancing done by cutting government to its Constitutional levels? Or by taxing the people more? What is to get cut? Any reforms to the biggest part of the budget - the "entitlements?"
Would Democrats agree to eliminating government unions as part of the reforms needed to balance the budget?
How about eliminating departments that are not authorized by the Constitution? Education and Labor, for instance?
Making agreements to reduce deficits and ultimately retire the debt are desireable, but it is the details of how it is done that matters.
Or do you not understand that part?
ps. If Democrats were so concerned, why did they completely ignore the proposals of Bowles & Simpson?
- Anonymous9 years ago
No one in Congress or the White House has any idea what a balanced budget is. Don't hold your breath for a balanced budget amendment. Neither side would sign on to that proposal anytime soon.
- How do you think about the answers? You can sign in to vote the answer.
- Adam SLv 79 years ago
If Republicans don't agree to a balanced budget amendment it's one of the few areas I would agree with Republicans about. Nobody lives with a balanced budget if you have credit cards, a car loan or a mortgage. Why do people think the government is the same as a family? Everyone lives with debt and there is no inherent problem with government debt.
- Anonymous9 years ago
Yes. Republicans passed the last balanced budget we had during the Clinton administration.
- ?Lv 45 years ago
convinced. it is the purely selection that restores our u . s . a .'s credit rankings. The rankings organizations have reported that our rankings will bypass down if we do not create enforceable cuts of as a lot as $4Trillion. yet any cuts previous this twelve months at the prompt are not legally enforceable. not except we placed a stability funds change in position. So do you want intense prices of pastime? Or do you want a balanced funds change that makes it more advantageous problematic for congress to spend funds that it does not have. Our debt-to-GDP ratio is at an all-time intense, and that doesn't think about purple ink from Fannie Mae/ Freddie Mac, or state debt. On excellent of that we've an growing older inhabitants which will reason Medicare and Social safe practices to commence paying out more advantageous than they take in for the first time contained in the historic previous of those classes. Bankrutcy is likely if we keep on with the widely used scratch-my-again-i will-scratch-yours of escalation of spending to get re-elected.
- EdWinterLv 79 years ago
Now this, sports fans, personifies the moron quotient of the "liberals" on this site. To wit: which is the ONLY PARTY to ever sponsor a balanced budget amendment to the US Constitution? I leave it to the reader to do his or her own research to discover the answer to that scintillating question. lol
- MEL TLv 79 years ago
They must. They're the one that shut down the government getting to a balanced budget with Clinton. Neither would go for it now. Too many cuts. They'd lose their jobs.
- pdoomaLv 79 years ago
Probably.
Where will you find $1.2 trillion in cuts/revenue? That's how much deficit we overspend every year. Raising taxes on people making over $250,000 brings in about $82 Billion a year, or 7% of the deficit. There's still the 93% to make up -- or about $1.1 trillion.