Civil Rights Coalition Opposes Balanced Budget Amendment
November 15, 2011 - Posted by Ron Bigler
The Leadership Conference on Civil and Human Rights is again opposing efforts in Congress to pass a balanced budget amendment (BBA) to the Constitution.
In a letter sent to House members today, Wade Henderson, president & CEO of The Leadership Conference, and Nancy Zirkin, executive vice president of The Leadership Conference, write that a BBA “would be disastrous for the economy as a whole and for the communities we represent.”
Henderson and Zirkin warn that the BBA would:
require extreme spending cuts precisely when the economy is at its weakest. ... As a result, the BBA would tip a struggling economy into a recession and would keep it there for a protracted period of time. Its requirement also would virtually guarantee that in the event of any shortfall, the budget would be balanced on the backs of people who can afford it the least.
The letter also refers to a recent study by Macroeconomic Advisers estimating that if a BBA was currently in effect for the 2012 budget, unemployment would double to 18 percent, putting another 15 million Americans out of work.
Urging House members to vote against H.J. Res 2 or any other proposed BBA, Zirkin and Henderson end the letter by reminding them that:
In short, a balanced budget amendment is a recipe for making recessions more frequent, longer, and deeper, while requiring severe cuts that would harshly affect seniors, children, veterans, people with disabilities, homeland security activities, public safety, environmental protection, education and medical research.
The full letter is below and available as a PDF download.
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