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Critics say the balanced budget amendment would prevent the use of countercyclical policies in a downturn like the present one facing the U.S. economy. Because of the tendency of politicians to avoid difficult decisions and "kick the can down the road," it serves to focus attention on making the cuts in spending, including tax expenditures, that can help reduce the deficit to sustainable levels.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
Why a balanced-budget amendment is too risky - The Washington Post
Washington Post 07/19/2011
Wall Street Journal 07/19/2011
For Republican Freshmen, the Power of No
New York Times 07/29/2011
Former U.S. Treasury Secretary Summers and other experts evaluate the impact of the debt ceiling deal. The deal requires the setting up of a debt panel to come up with additional savings.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
New York Times 10/20/2013
Moving forward after the debt deal - The Washington Post
Washington Post 08/02/2011
Long Battle on Debt Ending as Senate Set for Final Vote
New York Times 08/01/2011
That Monolithic Tea Party Just Wasnât There
New York Times 08/01/2011
Deficit Battle Shifts to Panel
Wall Street Journal 08/03/2011
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
The deal finally put together by Vice President Biden and Senate minority leader Mitch McConnell on August 2, 2011. The deal requires the setting up of a debt panel to come up with additional savings.
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
New York Times 10/20/2013
From Big Spending to Big Cuts, as Economy Stalls
New York Times 07/31/2011
Could this Deal Raise Budget Deficits
New York Times 08/01/2011
The President Surrenders on Debt Ceiling
New York Times 07/31/2011
Deficit reduction negotiations between the White House and the Republicans in July 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
New York Times 10/20/2013
No Plan B if Debt Ceiling Not Raised
Wall Street Journal 05/18/2011
House rejects proposal to raise debt ceiling - The Washington Post
Washington Post 06/01/2011
New York Times 06/01/2011
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
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