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Topic: Balanced budget

	State Balanced Budget Requirements: Provisions and Practice
		Elected officials and voters share a conviction that state budgets are supposed to be balanced; voters expect as much, and legislators and governors act on that rule.
		Borrowing for capital expenditure does not legally violate state balanced budget provisions, either because those provisions specify a way that general obligation debt may be issued, or because, in states that do not permit general obligation debt, caselaw has validated the issuance of other forms of debt.
		State balanced budget provisions are not as restrictive as those a proposed constitutional amendment would impose on the federal government.
	www.ncsl.org /programs/fiscal/balbuda.htm (3569 words)

	Balanced Budget Announcement
		Third, this is a balanced budget that provides modest tax relief to the middle class, helping families to raise their children, buy and sell a home, save for their retirement with expanded IRAs and send their children to college.
		Fourth, this is a balanced budget that will help us finish the job of welfare reform, providing $3 billion to move welfare recipients to private sector jobs, keeping our promise made last year to provide $12 billion to restore disability and health benefits for 350,000 legal immigrants.
		Finally, this is a balanced budget that honors our commitment to our parents by extending the Medicare Trust Fund for a decade and to the next generation by continuing our commitment to the environment to protect our air, our land, our water, to clean up the worst toxic waste sites in the nation.
	clinton4.nara.gov /WH/New/Budget/remarks.html (1257 words)

	California Citizens' Budget, A 10-Point Plan to Balance the California Budget and Protect Quality-of-Life Priorities (Site not responding. Last check: 2007-10-03)
		Although 45 states are facing budget shortfalls this fiscal year, the State of California is faced with a deficit in the ballpark of $30 billion — the nation's largest.
		The Citizens' Budget is an objective, line-by-line analysis of the governor's proposed budget.
		Balancing the Budget While Preserving TABOR and Colorado's Quality of Life (2/12) This new report from the Reason Foundation and the Independence Institute demonstrates the potential savings that Colorado lawmakers can utilize to address the current state budget deficit, while achieving greater results for the taxpayers.
	www.rppi.org /cacitizensbudget.html (2402 words)

	State Balanced Budget Amendments - 1/13/97
		State requirements for budget balance often apply only to the operating budget and not to the capital budget or the myriad of enterprise funds and trust funds that states typically maintain.
		A balanced budget requirement as rigid and all-encompassing as the proposed federal amendment is not supported by state experience.
		The balanced budget amendment would require all those extra costs to be financed out of current income and thus impose a special burden on the generation of workers whose peak earnings occur from about 2010 to 2040.
	www.cbpp.org /STATEBBA.htm (2321 words)

	[No title]
		In September 1987, faced with a projected budget deficit of $183 billion for FY 1988 (far exceeding the $108 billion target), Congress revised the law (P.L. 100-119) and adopted higher deficit levels supposedly bringing a balanced budget in FY 1993.
		Budget rules governing rescissions stipulate that if the Appropriations Committee does not act on rescissions submitted by the president within 25 days of continuous session, one-fifth of the members of the House can call for discharge of the bill from committee.
		It requires that the president submit, and Congress pass, a balanced budget each fiscal year unless three-fifths of the whole House and three-fifths of the whole Senate vote to incur a deficit.
	www.house.gov /house/Contract/fiscrespd.txt (1668 words)

	Prentice Hall Documents Library: Balanced Budget Constitutional Amendment (1995) (Site not responding. Last check: 2007-10-03)
		While a balanced budget amendment to the Constitution may be the only way to keep us on the path toward responsible budgeting, we have taken a few steps down that path already, without the risk of upsetting 200 years of finely balanced constitutional powers among the three branches of our Government.
		It is irresponsible for balanced budget amendment critics to demand in a single legislative vehicle a specific balanced budget plan covering the next 7 years as a precondition for passing the amendment.
		We must balance the budget not just to insert into the Constitution, as valuable as that is, the language of balanced budget, but rather to do so for the spirit of America in reaching financial sanity through the balanced budget that will free us all, including our citizens, for the enterprise of the future.
	cwx.prenhall.com /bookbind/pubbooks/burns3/medialib/docs/balanced.htm (21491 words)

	Balanced Budget Multiplier
		Attributed to J Gelting in 1941 and Norwegian economist Trygve Haavelmo (1911-1999) in 1945, balanced budget multiplier is the effect on national income of equal changes in government expenditure and revenues.
		The balanced budget multiplier is important in understanding government management of the economy.
		T Haavelmo, 'Multiplier Effects of a Balanced Budget', Econometria, vol.
	www.economyprofessor.com /economictheories/balanced-budget-multiplier.php (127 words)

	Balanced Budget Amendment
		First, balancing the budget too rapidly could send the economy into a recession; balancing the budget through spending cuts over 1997-2000 would be likely to raise the short-term unemployment rate by one and a half percentage points.
		But current balanced budget proposals principles are at odds with the two principles that should guide fiscal policy--balancing the government's current operating budget over the business cycle so that expenditures to benefit today's Americans are financed by today's taxpayers, and basing government investment decisions on long-term costs and benefits.
		They require balance too quickly; it would be extremely difficult and costly to the nation to reduce spending or to raise taxes by as much as would be needed to meet a 1999 balanced-budget target.
	www.j-bradford-delong.net /Politics/BB/BB_Amendment.html (3129 words)

	EWG Report \|\| The Balanced Budget Amendment (Site not responding. Last check: 2007-10-03)
		Family farmers and rural areas will be much harder hit than most sectors and regions by the deep, abrupt budget cuts and new parliamentary procedures that will come about with adoption of a constitutional amendment to balance the budget.
		Proponents of the balanced budget amendment are disingenuous when they argue that the amendment simply requires the government to do what families do--live within means.
		While efforts to balance the federal budget and steadily reduce deficit spending make sense for agriculture, the balanced budget amendment will not serve agriculture's interests in the long or short term, whether one's philosophy of farm assistance is "return to parity," Freedom to Farm or green payments.
	www.ewg.org /pub/home/reports/balbudget/bbafarm.html (576 words)

	First Balanced Budget in 30 Years
		Because it will not only enable us to achieve a balanced budget, it will enable us to maintain a balanced budget long into the future if we stay with the disciplined framework that was embraced last year by very large majorities in both Houses of both parties.
		One of the reasons that balancing the budget has been hard is that we have insisted on a balanced budget that honors our values.
		The budget funds these initiatives by continued cuts in government programs, by closing unwarranted tax loopholes, and from the passage of tobacco legislation, which, as every passing day shows, is critically important to the future of our children and therefore of our country.
	clinton4.nara.gov /WH/New/html/19980202-14467.html (1734 words)

	THE BALANCED BUDGET ACT OF 1997: IMPACT ON HOSPITALS
		This would help offset some of the Balanced Budget Act’s cuts, as well as ease the sting of the nearly $8.2 billion hospitals nationwide are expected to spend to make sure the change to the Year 2000 does not affect health care services.
		The Balanced Budget Act limits payments for "indirect medical education," causing significant hardship for teaching hospitals and academic medical centers, many of which are the only place for America’s urban poor to receive care.
		Ensure that a portion of the federal budget surplus is devoted to providing relief to small and rural hospitals through repeal of the transfer provision of the BBA, and prevention of deep losses on the outpatient side.
	www.senate.gov /~finance/6-10smit.htm (1956 words)

	Unbalanced amendment - Balanced Budget Amendment Reason - Find Articles
		Indeed, the Balanced Budget Amendment could scarcely be better designed to encourage an extremely myopic focus on a "quick fix" for next year's budget.
		Suppose, for the sake of argument, that Hoover had managed to balance the budget, or that the current Congress reduces the deficit to zero in, say, the year 2002 (the target year mentioned in the proposed legislation).
		Even with balanced budgets, however, inflation and interest rates in those countries were not nearly as low as in the United States.
	www.findarticles.com /p/articles/mi_m1568/is_n2_v27/ai_16971707 (964 words)

	Balanced Budget Amendment - Wikipedia, the free encyclopedia
		A Balanced Budget Amendment is any one of various proposed amendments to the United States Constitution which would require a balance in the projected revenues and expenditures of the United States government.
		Unlike the constitutions of most states, the United States Constitution does not actually require the United States Congress to pass a "balanced" budget, one in which the projected income to the government through taxes, fees, fines, and other revenues equals the amount proposed to be spent.
		The Republican takeover of Congress in 1994 led to a push for a balanced budget, President Clinton and congress reduced the deficit.
	en.wikipedia.org /wiki/Balanced_Budget_Amendment (2517 words)

	LP News Mar97 - LP: Pass Balanced Budget Amendment now
		Fresh debate over the Balanced Budget Amendment was triggered when President Clinton released his budget for fiscal 1998, which would increase the national debt by another $145 billion -- or $4,598 per second.
		To be effective, a balanced budget amendment should provide: a.
		that the budget is balanced exclusively by cutting expenditures, and not by raising taxes; and d.
	www.lp.org /lpn/9703-balanced-budget.html (525 words)

	Balanced Budget Amendment - Just a Gimmick!
		Most of those who are for the Balanced Budget Amendment are yellow bellied cowards who don't have the balls to face the voters and tell the truth.
		It is the duty of the Congress and the President to balance the budget, according to the Constitution.
		It could be stated that failing to balance the budget is contempt of court and is punishable by fines, imprisonment, or both.
	www.perkel.com /politics/issues/budget.htm (1119 words)

	Analysis of Republican ad on Clinton, balanced budget (Site not responding. Last check: 2007-10-03)
		I have proposed a balanced budget that balances the budget in nine years.
		But the president also insists the exact timetable isn't as important as making sure the budget is balanced without hurting Medicare recipients, or cuts in education or environmental spending.
		The Congressional Budget Office says the balanced budget plan Clinton offered this year actually would result in a deficit of more than $200 billion a year.
	www.usatoday.com /news/index/budget/nbud019.htm (328 words)

	Balanced Budget 2007 - Province of British Columbia
		Balanced Budget 2007 delivers a comprehensive range of new supports, including a $250 million Housing Endowment Fund, to help address the housing challenges created by a strong economy.
		Balanced Budget 2007 takes a major step towards ensuring every British Columbian has access to a safe, appropriate and affordable place to call home.
		The Finance Minister’s Balanced Budget 2007 slide presentation to the news media and stakeholders.
	www.bcbudget.gov.bc.ca /2007 (319 words)

	The Balanced Budget Amendment: The Wrong Answer to Runaway Spending
		Furthermore, the Balanced Budget Amendment wrongly focuses on the deficit, which is merely a symptom of the larger disease of runaway spending.
		If the Balanced Budget Amendment were to take effect on December 31, 2008, lawmakers would likely respond to the budget deficit the same way they did during the last two major deficit-reduction deals, in 1982 and 1990—by relying almost exclusively on tax increases.
		Discussion of the Balanced Budget Amendment is a positive sign that lawmakers may finally be ready to address the fiscal irresponsibility of the past few years.
	www.heritage.org /Research/Budget/wm580.cfm (1037 words)

	The Case for a Balanced Budget Veto
		Similarly, in releasing in fiscal 2005 budget, the administration was desperate for talking points to placate its conservative base and found them in claims that growth in non-defense, non-homeland security spending would be held to half of 1 percent.
		This new power is called a "Balanced Budget Veto." Unlike a "Balanced Budget Amendment" that was considered in the 1990s, a balanced budget veto power would actually enforce the goal of a balanced budget.
		Indeed, a balanced budget veto would compel Congress to spend less on big-ticket items because members of both parties would fear having a president of the opposing party selectively vetoing their parochial spending projects.
	www.cato.org /pub_display.php?pub_id=2569 (682 words)

	Online NewsHour Forum: Why Balance the Budget-- August 8, 1997
		The Republican Balanced Budget bill is rejected by the Senate, overturned by one vote.
		However, Congressional Republicans and President Clinton still think this is the time for a long-term balanced budget agreement that stops increasing the national debt.
		So balancing the budget may not be as straight-forward as we would like.
	www.pbs.org /newshour/forum/august97/budget_8-8.html (598 words)

	Balanced Budget Lies
		In 1997, there was a surplus of approximately, $75 billion in the funds, meaning that the ending balance in the social security funds increased by that amount.
		However, this creation of the image to the American public that we have a budget surplus is just another of the political untruths that we as Americans continue to absorb as truth.
		I know this column is about the balanced budget lies that you are being fed. However, I want to close this column regarding my feelings concerning the Clinton/Lewinsky scandal.
	www.dldewey.com /columns/budgetf.htm (2250 words)

	Balanced Budget Provisions (Site not responding. Last check: 2007-10-03)
		Michigan has three very strong provisions in the constitution that direct state government to enact a balanced budget and manage resources after the budget is enacted to achieve a balanced budget outcome.
		The first is the Governor is expected to submit a balanced budget to the legislature for consideration.
		If it becomes clear that the budget is getting out of balance, either because revenues are coming up short or because of some irresistible expenditure needs there is an executive order process available to reduce appropriations to bring the budget back into balance.
	www.crcmich.org /PUBLICAT/1990s/1999/BudgetProcess/sld030.htm (307 words)

	CNN.com - House members introduce balanced budget amendment - Feb. 13, 2003
		A group of House members introduced a balanced budget amendment to the U.S. Constitution on Thursday, arguing that recent deficits demonstrate Congress doesn't have the discipline to balance the budget on its own.
		The top Democrat on the House Budget Committee, Rep. John Spratt of South Carolina, issued a statement Thursday questioning the usefulness of the amendment.
		The last time a balanced budget amendment came up for a vote, in 1997, it came one vote short in the Senate.
	www.cnn.com /2003/ALLPOLITICS/02/13/budget.amendment.ap (444 words)

	USATODAY.com - GOP backs off balanced budget (Site not responding. Last check: 2007-10-03)
		The shift in emphasis comes as President Bush's new budget is projecting deficits of $304 billion this year and $307 billion next year, easing only to $190 billion by 2008.
		"Passing the balanced budget amendment is the single most important thing we can do to ensure the nation's economic security and to protect the American dream for our children and grandchildren," Senate Majority Leader and GOP presidential candidate Bob Dole, R-Kan., said in 1996.
		There have always been clashes between advocates of a balanced budget and those whose greater goals are tax cuts and lower spending, and the differences were on display last week when Daniels testified to the House Budget Committee.
	www.usatoday.com /news/washington/2003-02-10-gop-budget_x.htm (830 words)

	Online NewsHour: Balanced Budget Amendment, Upcoming Vote -- February 7, 1997
		Thereafter, a 3/5 vote in both the House and Senate would be needed in order for Congress to waive the balanced budget requirement and spend more than the Treasury has and in order to raise the debt ceiling, the amount of money the government is allowed to borrow.
		The fact of the matter is, is that we believe that there are thousands of items in the federal budget that are important that are included within the balanced budget amendment's purview, none more important than Social Security, and it should be included as well.
		JOHN BREAUX, (D) Louisiana: The fact that the President has now proposed a balanced budget himself and has shown that it can be done without having a constitutional amendment requiring it to be done I think gives a lot of people reason to say, look, we can do it without the constitutional amendment.
	www.pbs.org /newshour/bb/budget/february97/budget_2-7.html (1433 words)

	AllPolitics - Balancing The Budget - The Balanced Budget Amendment
		The balanced budget amendment failed in the Senate on March 4, 1997, by one vote -- the same margin of failure as during the 104th Congress.
		A GOP Favorite The proposed balanced budget constitutional amendment is related to but distinct from the debate over President Clinton's budget proposal.
		If approved by Congress, a balanced budget amendment wouldn't require presidential signature but would need to be approved by three-fourths of the states.
	www.cnn.com /ALLPOLITICS/1997/gen/resources/infocus/budget/amendment.html (553 words)

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