1995 Balanced-Budget Constitutional Amendment

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In addition, please refer to the "Original Proposal" two sections above, because it contains a wealth of information.

Click here for, inter alia, (A) information about what Bloomberg News discovered as a result of its Freedom-Of-Information-Act lawsuit regarding QE-1 which the Federal Reserve fought all the way to the US Supreme Court including how in 2008-2009 the Fed printed $7.7 TRillion and loaned it to banks on three continents, providing them with $13 billion in profits, (B) Fed Reserve Chair Bernanke's own explanation of QE-2, and (C) Fed Reserve Chair Bernanke's STEALTH QE-3 only 2 weeks after his Jackson Hole WY speech promising there would be no QE-3 (per Q&A-24/First Quiz calculations located in "Participant Comments" above), QE-3 comprised printing as much as $2.9 TRillion more dollars to keep Italy and Spain afloat through 12/31/2011.
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johnkarls
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1995 Balanced-Budget Constitutional Amendment

Post by johnkarls »

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Here is the text of the 1995 Balanced-Budget Amendment to the U.S. Constitution which was easily approved by the two-thirds vote in the U.S. House of Representatives for referral to the 50 states for ratification. However, it fell one vote short of the required two-thirds vote in the U.S. Senate.
RL-BalancedBudgetAmendment-w802-Text1995BBA.pdf
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Republican Senator Lindsay Graham has said recently on Meet the Press that more than 20 Democratic U.S. Senators are on record as favoring a Balanced-Budget Amendment to the U.S. Constitution.
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