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02 Apr 2011 21:26

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Politics: Senate Republicans endorse balanced-budget amendment; policy wonks’ heads explode

  • Every single Senate Republican has endorsed a constitutional amendment that would’ve made Ronald Reagan’s fiscal policy unconstitutional. That’s how far to the right the modern GOP has swung.
  • Ezra Klein • Analyzing (demolishing is more like it) the merits of the Balanced Budget Amendment, which all 47 Senate Republicans have endorsed. The amendment would require 2/3 majorities in both chambers of Congress in order to enact any tax increases, and wouldn’t allow total spending per year to exceed 18% of GDP. Bruce Bartlett, former domestic policy advisor to Reagan, has said that the proposed amendment is “quite possibly the stupidest constitutional amendment I think I have ever seen,” and that it “looks like it was drafted by a couple of interns on the back of a napkin.” Ouch. source