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Furchtgott-Roth: A Balanced Budget Amendment Would Help Job Creation
Posted by
Press Office
on
July 14, 2011
With the House set to vote on a Balanced Budget Amendment next week, economist Diana Furchtgott-Roth has an op-ed up on Real Clear Markets explaining how it would impose much-needed fiscal discipline on Washington and help create a better environment for private-sector job growth: “A balanced budget amendment would impose spending discipline, and would protect the American economy against the down-to-the wire bargaining over spending and taxes that is a habitual feature of our budget process. … Additional certainty about fiscal policy would make investment and consumption decisions easier, and would facilitate economic growth and job creation. With unemployment at 9.2 percent, after cumulative deficits of trillions of dollars, we clearly need another path. Furchtgott-Roth – director of the Center for Employment Policy at the Hudson Institute – is one of more than 150 economists who have backed Boehner’s call for spending cuts that exceed any increase in the debt limit. This is one of three things Republicans have said all along are needed for a debt limit increase to pass the House, the other two being no job-crushing tax hikes and real reforms to restrain future spending, like spending caps and a Balanced Budget Amendment.
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
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