Warning: Declaration of HSM_PageTitle::load($meta) should be compatible with HSM_Module::load($meta = '') in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/page_title.php on line 0

Warning: Declaration of HSM_Description::load($meta) should be compatible with HSM_Module::load($meta = '') in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/description.php on line 0

Warning: Declaration of HSM_Tags::load($meta) should be compatible with HSM_Module::load($meta = '') in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/tags.php on line 0

Warning: Declaration of HSM_JavaScript::load($meta) should be compatible with HSM_Module::load($meta = '') in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/javascript.php on line 0

Warning: Declaration of HSM_Stylesheet::load($meta) should be compatible with HSM_Module::load($meta = '') in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/stylesheet.php on line 0

Warning: Declaration of HSM_Stylesheet::init() should be compatible with HSM_Module::init($args) in /home/weele0/public_html/wp-content/plugins/headspace2/modules/page/stylesheet.php on line 0

Warning: Use of undefined constant BF_DIR - assumed 'BF_DIR' (this will throw an Error in a future version of PHP) in /home/weele0/public_html/wp-content/themes/the-buffet-framework/functions.php on line 11

Warning: Use of undefined constant BF_LIB - assumed 'BF_LIB' (this will throw an Error in a future version of PHP) in /home/weele0/public_html/wp-content/themes/the-buffet-framework/functions.php on line 12

Warning: Use of undefined constant THEME_VERSION - assumed 'THEME_VERSION' (this will throw an Error in a future version of PHP) in /home/weele0/public_html/wp-content/themes/the-buffet-framework/functions.php on line 13

Warning: Use of undefined constant THEME_ID - assumed 'THEME_ID' (this will throw an Error in a future version of PHP) in /home/weele0/public_html/wp-content/themes/the-buffet-framework/functions.php on line 16
Balanced Budget Amendment Poll

Balanced Budget Amendment Poll

A July poll, conducted by CNN, shows that 74% of Americans are now in favor of a balanced-budget amendment to the Constitution.  It wouldn’t be surprising to see that the numbers have ticked a bit higher in August, because the debt-ceiling debate revealed that Congress is far from mustering the will to put forth a significant plan for long term deficit reduction.

This is not a partisan issue.  In the months after the Bush tax cuts, polls showed that Democrats favored a balanced-budget amendment by super-majorities larger than those of Republicans.  I used to have a link to that poll, but today can’t find any polls on the topic in those years—on Google or Bing.  Please write if you know of one . . .  

The wording of the recent (July 18 to 20) poll, item 25 on page 7, was: 

25. Would you favor or oppose a constitutional amendment to require a balanced federal budget?

Favor 74%

Oppose 24%

No opinion 1%

We’re just one small panic away from the situation that Greece got into, in which no one wanted to lend them money at interest rates below 11%.  At even 10% our interest payments on our debt would be a trillion dollars, and our government’s spending would rise from $3.8 trillion to $4.5 trillion.  This year we’ll collect about $2.4 trillion in taxes.

Still, this is best seen as a moral issue.  Back in the good old days parents tried to leave an inheritance to their children.  Are we really planning on sticking them with a gigantic debt to the Chinese?  Really?

Author Information
No Comments

Start the ball rolling by posting a comment on this article!

Leave a Reply




XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>