The Failure of the Congressional “Supercommittee/” Balanced Budget Amendment Opportunity

     The Congressional “Supercommittee” that was tasked with reducing hundreds of billions of dollars of United States debt has failed to keep its charge, which will trigger significant automatic cuts to defense and domestic spending.

     The efforts to reduce the debt came to naught because of liberal Democratic insistence on raising taxes, even though the historical record is clear that the rising debt is the result of overspending, not undertaxing, and also that raising taxes reduces revenue by decreasing economic growth while cutting taxes increases revenue by stimulating economic growth.

     The drastic cuts to defense would “invite aggression,” according to the Defense Secretary, yet President Barak Obama has threatened to veto any Congressional effort to avoid the cuts.

     I decided to post about this issue not only as an update, but to point out that there is still time to pass a balanced budget amendment to the Constitution that would avoid the drastic defense cuts while making prudent cuts to domestic spending and avoiding tax increases. There are proposed amendments being considered by Congress. We conservatives should use this opportunity to promote a balanced budget amendment.