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Economic News, Data and Analysis

Balanced Budget Amendment Again

Can you say hypocrisy?

OMB Watch – Action Alert! The Unfortunate Return of the Balanced Budget Amendment
The House of Representatives is again set to consider the ill-fated Balanced Budget Amendment (H. J. RES. 22). The House Judiciary Committee is scheduled to address the proposal this Wednesday, September 22. Regardless of one’s opinions about the wisdom of balancing the budget or running massive deficits, the Balanced Budget Amendment is exceptionally bad economic policy.

The long-ago defeated proposal for a balanced budget amendment is rearing its ugly head once again. Unable to pass a budget this year and having created near-record deficits, some members of the House of Representatives are desperate to create the appearance of being fiscally responsible, and are considering bringing up a vote on the measure

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