Friday, November 18, 2011

Goodlatte’s Balanced Budget Amendment fails in the House – VA Rep. Bobby Scott video

In Roanoke September 30 Roanoke Republican Rep. Bob Goodlatte held a press conference on his Balanced Budget Amendment. A vote on a balanced budget amendment was guaranteed this past summer as part of the debt ceiling negotiations. Goodlatte introduced House Joint Resolution No. 1 that requires a super majority (2/3 of House and Senate) to raise taxes.

It sets a cap on spending at 18% of the Gross Domestic Product (GDP). It requires a bipartisan vote of 290 votes in the House and 67 votes in the Senate. “That’s a challenge … you need 50 Democrats to vote for it,” he said.

Goodlatte admitted H. J. Res. 1 wouldn’t pass and offered H. J. Res. 2, a bill that he said was identical to the bill that passed in the House in 1995. H.J. Res. 2 differed in that a “majority” not a super majority would be required to raise taxes.

“Twenty Democrats co-sponsored it “with indications of probably about 35” more Democrats that will vote for it,” he said. “We are in the 275-280 range,” said Goodlatte at the time.

It came up short of the low range of his estimate at 261 votes on Friday.

The argument that 49 of 50 states had balanced budget amendments didn’t hold water with Virginia Democrat Congressman Bobby Scott in an earlier phone call in October.

Scott said the states balanced their budgets with stimulus funds. Arizona balanced their budget with $6 billion in stimulus money and sold their state capitol building and Supreme Court building … “give me a break,” said Scott. “What would [Arizona} have done without the $6 billion in stimulus,” he asked.

“Just because you name it the ‘balanced budget amendment’ doesn’t mean that it makes any sense,” said Scott.

The balanced budget title “is like a psychotic drug … you make zombies out of people by reciting ‘balanced budget amendment’ over and over. People don’t read anything more,” said Scott. He joked saying, “you know [the BBA] will cure cancer too.”

Balanced Budget Amendment – look past the title says Rep. Bobby Scott

Americans want a balanced budget but don’t touch entitlements polls say

Economy will collapse without a Balanced Budget Amendment

Posted By Valerie Garner

Categories: National, Politics

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