Balanced Budget Amendment | Center for Effective Government

Congress Votes on Balanced Budget Amendment

Even though the Super Committee is stealing the limelight, this summer's debt ceiling deal didn't just create the deficit-cutting committee. It also forces both the House and the Senate to vote on a balanced budget amendment to the Constitution. On Nov. 18, House leadership brought an amendment to the floor, where it failed to get the two-thirds vote necessary to pass. However, the close House vote and the impending Senate vote mean that this is not the end of the balanced budget amendment.

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OMB Watch Urges Congress to Vote No on Balanced Budget Amendment

Jul 29, 2011 by Craig Jennings

The House has just passed (218-210) a plan to increase the debt ceiling. Tommorow, the House is expected to take up two versions of a resolution (H.J. Res. 1 and H.J. Res. 2) that, if approved by both chambers, would be the first step to add a balanced budget amendment to the constitution. OMB Watch has sent a letter to the House strongly urging all members to vote "no" on this harmful amendment.

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Cut, Cap, and Balance and the Future of the Balanced Budget Amendment

Jul 21, 2011 by Sam Rosen-Amy

Conservative members of Congress are not being very helpful in the debt ceiling debate. The Republican-led House of Representatives earlier this week voted through their "solution" to the problem in the form of the so-called “Cut, Cap, and Balance” bill. But the House likely only voted on the bill because they couldn’t get enough votes for the bill conservatives actually wanted: a balanced budget amendment filled with conservative policy goals. But with the Senate unlikely to pass the Cut, Cap, and Balance bill, Congress might turn to the next worse alternative: a plain balanced budget amendment.

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Hundreds of Organizations Oppose Balanced Budget Amendment

Jul 13, 2011 by Sam Rosen-Amy

OMB Watch has long been a vocal opponent of a balanced budget amendment to the Constitution. Now, we have a lot of company. In a letter released today, a full 247 national organizations, including OMB Watch, announced their opposition to a balanced budget amendment, believing it is bad for America.

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The False Sense of Balance of a Balanced Budget Amendment

Apr 27, 2011 by Craig Jennings

With federal borrowing rapidly approaching its statutory limit, Washing politicians are falling all over themselves to figure out how to extract more budget concessions from President Obama and Senate Majority Leader Harry Reid (D-NV) in exchange for not throwing the world's financial markets into a panic.

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The Balanced Budget Amendment That Isn’t About Balancing the Budget

Mar 31, 2011 by Sam Rosen-Amy

In a move hearkening back to the Clinton era, Senate Republicans introduced a balanced budget amendment to the Constitution earlier today. All 47 members of the caucus are cosponsoring the bill, a strong show of force. But here’s the thing: this balanced budget amendment isn’t about balancing the budget.

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Balanced Budget Amendment Would Impede Economic Recoveries

Over the past 30 fiscal years, the federal government has run a surplus only three times. In the past three years, the government has seen deficits totaling almost $3.5 trillion, and the Congressional Budget Office’s (CBO) baseline prediction shows deficits for at least the next decade. With such a history and with the recent rise of the Tea Party and its fiscally conservative contingent in Congress, it is unsurprising that balanced budget amendments to the Constitution are once again finding their way to the national agenda. While forcing Congress to balance the books through a constitutional mandate may be appealing to many fiscal hawks, a balanced budget amendment could impede economic recoveries following Wall Street meltdowns and other calamities.

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