johnwk
07-08-2011, 07:28 PM
SEE: Leader Cantor: House to Consider Balanced Budget Amendment (http://majorityleader.gov/newsroom/2011/06/leader-cantor-house-to-consider-balanced-budget-amendment-1.html)
WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte:
“We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure for the House to consider during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order."
What Eric Cantor seems to hide is, H.J.RES 1 does not contain any section requiring Congress to extinguish an annual deficit created by Congress’s borrowing during the course of a fiscal year. Such a provision would be needed to actually balance the annual budget. But H.J.RES.1 is riddled with loopholes, escape clauses and weasel wording and would actually make it constitutional for Congress to not balance the annual budget!
It seems apparent that our RINOs in Congress have a plan. They intend to vote to send a “balanced budget amendment” to the States so they may then claim victory in the budget negotiations even though the amendment is totally ineffective in compelling Congress to balance the annual budget. But having sent a “balanced budget amendment” to States they will then “compromise” in agreeing to increase the national debt, which then allows Congress Republicans and Democrats alike, to continue with their current suicidal deficit borrowing and spending.
For the text of the amendment and its supporters see H.J.RES.1 (http://thomas.loc.gov/cgi-bin/query/z?c112:H.J.RES.1.RH:...)
Now, let us take a look at Eric Cantor’s RINO, Alice-in-Wonderland balance budget amendment.
Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote.
So, Congress may override the amendment whenever it so desires when 261 House members and 60 Senators agree to continue down an economic path destroying America from within.
`Section 2. Total outlays for any fiscal year shall not exceed 18 percent of economic output of the United States, unless two-thirds of each House of Congress shall provide for a specific increase of outlays above this amount.
Why should the united States be stuck with giving the federal government 18 percent of their “economic output“? This section is designed to lock into place the revenue needed for Congress to continue funding its current unconstitutional expenditures! If Congress were limited to its constitutionally authorized functions, the outrageous 18 percent would not be needed. And why is the definition of “economic output” not defined with the Section? Have we not learned that figures mean nothing to our folks in Washington? Have we not learned how the Congressional Budget Office was used to give phony figures to get Obamacare passed? This section makes it constitutional for Congress to make the section mean whatever it wishes it to mean while picking our pockets. And how many of our Constitutional provisions have been trashed using 290 votes in the house and 67votes in the Senate agreeing to do so?
`Section 3. The limit on the debt of the United States held by the public shall not be increased unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote.
Another provision to break the chains requiring a balanced budget, and one which cleverly omits a requirement for a specific increase in taxes to equal any proposed increase in the national debt!
`Section 4. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts.
This provision is totally meaningless and mere window dressing, especially when figures can be made to mean whatever our folks in government want them to project.
`Section 5. A bill to increase revenue shall not become law unless two-thirds of the whole number of each House shall provide by law for such an increase by a rollcall vote.
So, under this provision all that is needed is 290 votes in the house and 67votes in the Senate
to allow Congress to continue on its path to financially destroy the United States.
`Section 6. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.
After the words “declaration of war is in effect” the weasel wording which follows would be laughable if America’s national debt were not so grave, not to mention a mere majority vote is needed by our RINOs in Congress to give the finger to the entire balanced budget amendment. Each House may ignore the provisions of the amendment by simply declaring an existing military conflict has caused an “imminent and serious military threat to national security“. Have we not just seen how this “crisis” scare tactic mentality has been used to plunder our federal treasury under TARP? How it has been used to bail out auto companies which have blood sucking unions and has been used to send BILLIONS upon BILLIONS of American taxpayer dollars to foreign banks (http://www.freedomworks.org/blog/jborowski/federal-reserve-documents-reveal-massive-foreign-b) under Congress’ money laundering operations?
NOTE:
Brussells and Paris based Dexia SA received 33 billion dollars
Dublin based Depfa Bank Plc received 24.5 billion dollars.
The Bank of China borrowed 198 million dolllars.
Arab Banking Corp, 29% owned by the Libyan central bank at the time, received 73 different loans.
And we, the American People are left on the hook for this money laundering scheme our folks in Washington have cooked up.
`Section 7. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.
And here is the amendment’s crown jewel! It becomes constitutional for Congress, the fox, to apply Alice-in-Wonderland estimates of outlays and receipts in the enforcement of the amendment!
`Section 8. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal.
And what happens when total receipts derived from borrowing far exceed those for repayment of debt principal?
`Section 9. This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.'
_________
Hey Eric, what provision in your balanced budget amendment actually compels Congress to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year? And if no provision of your amendment compels Congress to actually balance the budget when Congress borrows, how can you truthfully call it a balanced budget amendment?
Now, let us take a look our founding fathers intended no-nonsense method to deal with a deficit which actually balances the budget.
For an example of the founders intentions see: Ratification of the Constitution by the State of New Hampshire; June 21, 1788 (http://avalon.law.yale.edu/18th_century/ratnh.asp)
Fourthly That Congress do not lay direct Taxes but when the money arising from Impost, Excise and their other resources are insufficient for the Publick Exigencies; nor then, untill Congress shall have first made a Requisition upon the States, to Assess, Levy, & pay their respective proportions, of such requisitions agreeably to the Census fixed in the said Constitution in such way & manner as the Legislature of the State shall think best and in such Case if any State shall neglect, then Congress may Assess & Levy such States proportion together with the Interest thereon at the rate of six per Cent per Annum from the Time of payment prescribed in such requisition-
Balancing the annual budget is very simple when following our founding fathers intentions.
When Congress borrows to meet its expenses during the course of a fiscal year, at the close of the fiscal year each State’s Congressional Delegation must return home with a bill in hand for their State to pay and apportioned share in extinguishing the deficit created by Congress.
JWK
Our federal government personifies a living creature, a predator: it grows, it multiplies, it protects itself, it feeds on those it can defeat, and does everything to expand its powers and flourish, even at the expense of enslaving a nation’s entire population.
WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte:
“We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his overspending and failure to enact pro-growth policies have made it worse and now our national debt is currently more than $14 trillion. House Republicans have made clear that we will not agree to raise the debt limit without real spending cuts and binding budget process reforms to ensure that we don’t continue to max out the credit card. One option to ensure that we begin to get our fiscal house in order is a balanced budget amendment to the Constitution, and I expect to schedule such a measure for the House to consider during the week of July 25th. I have no doubt that my Republican colleagues will overwhelmingly support this common sense measure and I urge Democrats to as well in order to get our fiscal house in order."
What Eric Cantor seems to hide is, H.J.RES 1 does not contain any section requiring Congress to extinguish an annual deficit created by Congress’s borrowing during the course of a fiscal year. Such a provision would be needed to actually balance the annual budget. But H.J.RES.1 is riddled with loopholes, escape clauses and weasel wording and would actually make it constitutional for Congress to not balance the annual budget!
It seems apparent that our RINOs in Congress have a plan. They intend to vote to send a “balanced budget amendment” to the States so they may then claim victory in the budget negotiations even though the amendment is totally ineffective in compelling Congress to balance the annual budget. But having sent a “balanced budget amendment” to States they will then “compromise” in agreeing to increase the national debt, which then allows Congress Republicans and Democrats alike, to continue with their current suicidal deficit borrowing and spending.
For the text of the amendment and its supporters see H.J.RES.1 (http://thomas.loc.gov/cgi-bin/query/z?c112:H.J.RES.1.RH:...)
Now, let us take a look at Eric Cantor’s RINO, Alice-in-Wonderland balance budget amendment.
Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote.
So, Congress may override the amendment whenever it so desires when 261 House members and 60 Senators agree to continue down an economic path destroying America from within.
`Section 2. Total outlays for any fiscal year shall not exceed 18 percent of economic output of the United States, unless two-thirds of each House of Congress shall provide for a specific increase of outlays above this amount.
Why should the united States be stuck with giving the federal government 18 percent of their “economic output“? This section is designed to lock into place the revenue needed for Congress to continue funding its current unconstitutional expenditures! If Congress were limited to its constitutionally authorized functions, the outrageous 18 percent would not be needed. And why is the definition of “economic output” not defined with the Section? Have we not learned that figures mean nothing to our folks in Washington? Have we not learned how the Congressional Budget Office was used to give phony figures to get Obamacare passed? This section makes it constitutional for Congress to make the section mean whatever it wishes it to mean while picking our pockets. And how many of our Constitutional provisions have been trashed using 290 votes in the house and 67votes in the Senate agreeing to do so?
`Section 3. The limit on the debt of the United States held by the public shall not be increased unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote.
Another provision to break the chains requiring a balanced budget, and one which cleverly omits a requirement for a specific increase in taxes to equal any proposed increase in the national debt!
`Section 4. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts.
This provision is totally meaningless and mere window dressing, especially when figures can be made to mean whatever our folks in government want them to project.
`Section 5. A bill to increase revenue shall not become law unless two-thirds of the whole number of each House shall provide by law for such an increase by a rollcall vote.
So, under this provision all that is needed is 290 votes in the house and 67votes in the Senate
to allow Congress to continue on its path to financially destroy the United States.
`Section 6. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.
After the words “declaration of war is in effect” the weasel wording which follows would be laughable if America’s national debt were not so grave, not to mention a mere majority vote is needed by our RINOs in Congress to give the finger to the entire balanced budget amendment. Each House may ignore the provisions of the amendment by simply declaring an existing military conflict has caused an “imminent and serious military threat to national security“. Have we not just seen how this “crisis” scare tactic mentality has been used to plunder our federal treasury under TARP? How it has been used to bail out auto companies which have blood sucking unions and has been used to send BILLIONS upon BILLIONS of American taxpayer dollars to foreign banks (http://www.freedomworks.org/blog/jborowski/federal-reserve-documents-reveal-massive-foreign-b) under Congress’ money laundering operations?
NOTE:
Brussells and Paris based Dexia SA received 33 billion dollars
Dublin based Depfa Bank Plc received 24.5 billion dollars.
The Bank of China borrowed 198 million dolllars.
Arab Banking Corp, 29% owned by the Libyan central bank at the time, received 73 different loans.
And we, the American People are left on the hook for this money laundering scheme our folks in Washington have cooked up.
`Section 7. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.
And here is the amendment’s crown jewel! It becomes constitutional for Congress, the fox, to apply Alice-in-Wonderland estimates of outlays and receipts in the enforcement of the amendment!
`Section 8. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal.
And what happens when total receipts derived from borrowing far exceed those for repayment of debt principal?
`Section 9. This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.'
_________
Hey Eric, what provision in your balanced budget amendment actually compels Congress to extinguish an annual deficit created by Congress’ borrowing during the course of a fiscal year? And if no provision of your amendment compels Congress to actually balance the budget when Congress borrows, how can you truthfully call it a balanced budget amendment?
Now, let us take a look our founding fathers intended no-nonsense method to deal with a deficit which actually balances the budget.
For an example of the founders intentions see: Ratification of the Constitution by the State of New Hampshire; June 21, 1788 (http://avalon.law.yale.edu/18th_century/ratnh.asp)
Fourthly That Congress do not lay direct Taxes but when the money arising from Impost, Excise and their other resources are insufficient for the Publick Exigencies; nor then, untill Congress shall have first made a Requisition upon the States, to Assess, Levy, & pay their respective proportions, of such requisitions agreeably to the Census fixed in the said Constitution in such way & manner as the Legislature of the State shall think best and in such Case if any State shall neglect, then Congress may Assess & Levy such States proportion together with the Interest thereon at the rate of six per Cent per Annum from the Time of payment prescribed in such requisition-
Balancing the annual budget is very simple when following our founding fathers intentions.
When Congress borrows to meet its expenses during the course of a fiscal year, at the close of the fiscal year each State’s Congressional Delegation must return home with a bill in hand for their State to pay and apportioned share in extinguishing the deficit created by Congress.
JWK
Our federal government personifies a living creature, a predator: it grows, it multiplies, it protects itself, it feeds on those it can defeat, and does everything to expand its powers and flourish, even at the expense of enslaving a nation’s entire population.