House votes down Senate’s debt plan; negotiations ramp up

“There are ways to balance the budget without a balanced budget amendment,” Franken said in an interview, adding that Congress should spend and cut wisely and not try to lower taxes while the country is engaged militarily.

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Comments (8)

  1. Submitted by Dennis Tester on 07/30/2011 - 09:27 pm.

    “[Franken] opposed the idea of requiring a balanced budget amendment, pointing to the surpluses created in the 1990s during the Clinton years with no such requirement.

    “There are ways to balance the budget without a balanced budget amendment,” Franken said.

    Clinton was fortunate enough to have republican controlled congresses and signed Newt Gingrich’s balanced budgets. So I guess Al is admitting that if you want a balanced budget without a constitutional amendment you’re going to need to elect a republican-controlled congress.

  2. Submitted by Deb Reed on 07/30/2011 - 10:09 pm.

    So tired of republicans pointing fingers! I do agree an amendment might help…. but I believe even more that it needs to hit congress’s pocketbooks for every day they do not settle! They should not be paid for extra time to balance the budget! As for Minnesota republicans like Collin Peterson, and Bachmann… Goodbye come the next election, and Bachmann will be back working with her husband. Who do they think they are kidding?

  3. Submitted by Patrick Wells on 07/30/2011 - 10:23 pm.

    The Iraq and Afaganistan wars, together with the tax cuts for the wealthy, created our current deficit.

    The wars created a lot of expense. The tax cuts reduced revenue. As a result the U.S. treasury borrowed to support the wars and the tax cuts. The Treasury borrowed mainly from Social Security. Social Security is the primary lender to the U,S. Treasury.

    I believe that the promotion of a default by the U.S Treasury, a morally reprehensible action,is an attempt to dismantle Social Security.

  4. Submitted by Eric Siverson on 07/30/2011 - 11:31 pm.

    Boehner’s bill authorised a 9oo billlion debt raise and a 917 billion deficit reduction latter on . Close to a balanced budget . Why not support the tea party and just freeze the debt at 14.4 trillion and leave it at that . We can take up a voluntary collection to bring the troops home now , we might also be able to sell some Foreign military bases and even goverenment owned land . We elected the republicans to cut and stop the spending they better do it . I don’t consider refusing to raise the debt limit shutting down the goverenment . I have faith Obama will help the people needing the help the most . God knows this goverenment takes in a lot of money evrey month

  5. Submitted by Tom Christensen on 07/31/2011 - 08:24 am.

    What has happened to our country? The way we are going about it is no way to run a country. The Republicans have out rightly stated their obvious motivation. They will do everything to make sure the President is a one term president. So with that in mind they have to make downright un-American moves, not to mention stupid political moves to accomplish their goal. The Republicans have a radio personality as one of their gurus. When they say something not in line with Limbaugh’s thinking they apologize to him. They have another guru in Grover Norgquist, who has not been elected to do anything, running around the country getting politicians to sign pledges, thus stopping negotiations. A few months ago the Republicans couldn’t figure out if they should get cozy with the Tea Party. Well they now have their answer. The Tea Party has taken over the Republican party. Insanity Reigns! They have Michele Bachmann as the leader of the Republicans now. Let me repeat, Insanity Reigns! We are no longer a government of the people, by the people, and for the people. The politicians have turned it into a government for the special few. The country’s political mood is a pendulum that swings hard left and it swings hard right and it is the time when the pendulum is in the middle that the country is at its very best. Right now the pendulum has gone past hard right all the way to stupid.

  6. Submitted by Tom Lynch on 07/31/2011 - 01:32 pm.

    Please excuse me while I barf on my shoes about the newfound Republican concern about the debt and deficits. Over 80% of our $14 trillion National Debt was run up under the last 3 Republican presidents.

    And as Dick Cheney so famously said to the GOP Sec. Of Treasury(When said Sec. expressed concern about the debt being run up due to the unpaid for wars, tax cuts, and unpaid for Medicare drug program), “Reagan proved it, deficits don’t matter.”

    Or they only matter when a Democratic president inherits them.

    And to the commenter that claims the Clinton surpluses were due to a Republican Congress(remember Clinton’s tax increase was when the Dems controlled Congress), is that the same Congress that worked with Bush to explode the National Debt?

  7. Submitted by Eric Siverson on 07/31/2011 - 07:14 pm.

    I believe Fraken was right , Clinton not only balanced the budget but had a surplus .That means the debt limit did not need to be raised under Clinton . Correct me if I’am wrong , but next year Bushes stupid tax cuts are going to expire . That should mean Obama will have the same tax rate Clinton had when he balanced the budget . 75 % of the American do note want to raise the debt or have a deficit . I see no reason to increase the debt limit . Obama has a republican congress like Clinton had , thats all he needs to balance The Budget like Clinton did . What we can’t aford any more is one party having a big spending spree . I believe right now we have the best possible situation . It was once before and it could be again

  8. Submitted by Bernice Vetsch on 08/01/2011 - 02:39 pm.

    Deficits do NOT matter. It is often necessary for governments to run deficits in order to end stubborn downturns in the economy. As the economy grows, tax revenues automatically increase and the deficit disappears.

    What does not help is refusing to raise revenue for the kind of investment that creates jobs. Hint: Tax cuts for zillionaires and huge corporations have not produced any jobs, but have led to more jobs being sent off-shore.

    The media and the Congress have ignored the one budget plan that would work. It is, as polls have shown, a mix of cuts and revenue. It’s the one called The People’s Budget, which was created by the Democratic Progressive Caucus in April.

    It would reduce the deficit by $5.6 trillion and create a $31 billion surplus in 10 years (without hurting anyone) by:

    Raising taxes and ending corporate welfare for a revenue increase of $3.9 trillion, cutting spending by $1.7 trillion (partly by ending the three endless wars we are stuck in), and investing $1.7 trillion in JOBS (clean energy, infrastructure, broadband, housing and R&D).

    It would eliminate the income cap on which Social Security taxes are withheld, thus avoiding any cuts to benefits for 75 years. It would create a public option (!!) for health care and negotiate instead of forbid volume prices on drugs for Medicare.

    The president is as wrong as he can be to have tried to find “common ground” where there isn’t enough to support an ant. He should have stood up to fight on behalf of The People against the forces of corporate greed and a paranoid foreign policy. The People’s Budget has been ignored by the media and the government even though it is the only plan that would return us to economic health.

    He is also wrong (so far) to refuse to raise the debt limit all by himself, as allowed by the 14th Amendment. Why not do it, I wonder.

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