While the details of this proposal are an improvement to some of the previous, weaker BBA proposals, it still doesn’t solve America’s spending problem.
The Truth About the Balanced Budget Amendment
By Heritage Foundation Ericka Andersen——Bio and Archives--December 14, 2011
In case you’re not keeping track, it has been nearly 1,000 days since the United States Senate passed a budget. Meanwhile, America’s fiscal nightmare keeps growing, and those on the left—including Members of the Senate—keep advocating for even more spending despite America’s $15 trillion national debt. That’s an important record to keep in mind as the Senate votes today on two versions of the Balanced Budget Amendment (BBA).
A BBA is constructive, but it’s not the final answer to America’s fiscal woes despite the tools it offers—in large part because it fails to tackle entitlement reform, the most detrimental driver of spending in this country. A BBA is not a neatly packed solution, as no constitutional amendment can replace the hard work of true spending reforms.
However, Republicans ensured earlier this year that the 2011 Budget Control Act required a vote on a BBA. Their commitment to ending big government’s reckless behavior was well-meaning but flawed, and a BBA has already failed in the House.
The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.