Balancing the Budget by Decree
A proposed amendment would let politicians have it both ways
It is an idea whose time has clearly come, at least for politicians in an election year. It is also an idea that makes many economists, constitutional scholars and other Americans shudder. The idea: an amendment to the U.S. Constitution requiring that the federal budget be balanced each year. Before the summer is over, there is a strong chance that Congress will take the first steps toward incorporating this elusive goal into the basic law of the land.
The Republican-controlled Senate is expected to vote this week on the amendment. Odds are that it will be approved: 61 Senators have signed as cosponsors, and that number is only six short of the two-thirds majority needed for passage. New York Republican Barber Conable Jr. last week told the White House that he has enough signatures to execute a discharge petition that would pull the amendment out of the House Judiciary Committee, where it has long been bottled up.
Popular support for the amendment is so strong that Speaker Tip O'Neill, a leading foe of the idea, nonetheless predicts that the amendment will pass if it reaches the House floor. It would then have to be ratified by 38 states within seven years before it could become effective. But legislatures of 31 states have already passed resolutions calling for a constitutional convention to draft a balanced-budget amendment. Indeed, one reason for the push to get an amendment through Congress is to head off a convention, which many politicians fear could not be limited to that one subject, but would at tempt to change the Constitution in many other, perhaps radical, ways.
The congressional amendment has the vigorous support of Ronald Reagan. The President last week pressed hard for it and another favorite idea, his New Federalism program; he journeyed to Baltimore to plug that plan at a gathering of county officials and found himself hugging a gag gift of a stuffed "presidential seal." But his mood was stern in the White House Rose Garden, where he told reporters after a meeting with amendment supporters: "We must not, and we will not, permit prospects for lasting economic recovery to be buried beneath an endless tide of red ink." Reagan this week plans to announce the formation of committees in each of the 50 states to push for ratification of the amendment.
Skeptics scent a strong whiff of callous political cynicism and even hypocrisy in all this agitation, an effort by Congress and the White House to have it both ways. Only a month ago, Congress passed a budget resolution that would allow for a record-shattering deficit of $103.9 billion in fiscal 1983. Even that is less red ink than would have flowed from the budget proposals that Reagan presented in February. The balanced-budget amendment allows Congress and the President to reassure voters that they are, at bottom, all for fiscal responsibility. Says Democratic Congressman James Shannon of Massachusetts: "It's like getting drunk and going to the police and saying, 'Lock me up, I can't help myself!' "
- 1
- 2
- NEXT PAGE »
Most Popular »
- The '00s: Goodbye (at Last) to the Decade From Hell
- The Growing Backlash Against Overparenting
- Scientology : The Thriving Cult of Greed and Power
- Workers of the World vs. China Inc.
- Energizer Bunnies: Turning Rabbits into Green Fuel
- Germany's Doubts About Afghanistan Grow After Revelations About Air Strike
- Why Ireland Is Running Out of Priests
- Obama's 'Mistakes': Way Too Early to Judge
- Awaking From a Coma: What Did the Doctors Miss?
- Backing Up Files Online: It's Good to Mozy Along
- The Growing Backlash Against Overparenting
- Awaking From a Coma: What Did the Doctors Miss?
- Will Dubai's Financial Problems Spread?
- Can Dopamine Make Your Future Look Brighter?
- The '00s: Goodbye (at Last) to the Decade From Hell
- The Pink Recovery: Why Women Are Doing Better
- How Guatemala's Most Beautiful Lake Turned Ugly
- Why Ireland Is Running Out of Priests
- Priests Spar Over What It Means to Be Catholic
- Sex, Television and Berlusconi's Path to Power







RSS