|House Meets At:||First Vote Predicted:||Last Vote Predicted:|
10:00 a.m.: Morning Hour
12:00 p.m.: Legislative BusinessFifteen “One Minutes” per side
|2:00 – 3:00 p.m.||6:30 – 7:30 p.m.|
Members are advised that votes could occur after 7:00 p.m. tonight.
H.Res. 466 – Rule providing for consideration of motions to suspend the rules (relating to H.J.Res. 2 - Proposing a balanced budget amendment to the Constitution of the United States) The Rules committee has recommended a closed Rule which would authorize the Speaker to entertain motions to suspend the rules through the legislative day of Friday, November, 18, 2011, relating only to H.J. Res. 2. It also would extend debate on such a motion to five hours, which would be controlled by the Chair and Ranking Member of the Committee on the Judiciary.
- H.J.Res. 2 - Proposing a balanced budget amendment to the Constitution of the United States) (5 hours of debate) The proposed amendment to the Constitution provides that total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote. It also requires that increases in the statutory debt limit also would require a three-fifths vote of each chamber.
- Require a 3/5 vote to raise the debt ceiling. This supermajority requirement would make it more likely that the United States would default on its obligations, and risks crippling the global economy.
- Makes it difficult for the United States to respond to a crisis. H.J.Res. 2 requires specific legislation and a majority vote to ‘run a deficit’ in a time of war, which would slow down the U.S. response time in a time of war. H.J.Res. 2 also would require a 3/5 vote to ‘run a deficit’ and respond to a domestic crisis.
- Would severely hurt job creation. If in effect in FY 2012, nonpartisan economists with Macroeconomic Advisers LLC estimate that a ‘balanced budget amendment’ would eliminate approximately 15 million jobs and tank the economy.
- Take spending decisions out of the hands of the legislative branch. Enforcement of balancing the budget would be given to the Courts, who could then decide to raise taxes, or cut investments to bring the budget back to ‘balance’.
|The Daily Quote|
“This week the House of Representatives will take up a balanced budget amendment to the Constitution….The proposal that Republican leaders plan to bring up is, frankly, nuts….The truth is that Republicans don’t care one whit about actually balancing the budget. If they did, they would want to return to the policies that gave us balanced budgets in the late 1990s…They prefer to delude voters with pie-in-the-sky promises that amending the Constitution will painlessly solve all our budget problems.”
- Bruce Bartlett, Former advisor to Presidents Ronald Reagan and George H.W. Bush, The New York Times, 11/15/11