The Balanced Budget Amendment Explained

[nathantaylormckenzie]

Thomas Jefferson is my favorite president. I remember learning in class how he was the greatest advocate for sound money, balanced-budgets, non-interventionism, and states rights. He caved into spending more for the Louisiana Purchase but it was such a bargain! Something like a third of the country was purchased for $15 million from Napolean.

[lesterrobinson]

I'm on my way to the 11th grade and history as been my worst subject since as long as I could remember .. I failed the U.S. History regents 3 times .. And I started watching your videos and I just want to say thank you for these excellent teaching videos because I took my 4th history exam and passed it.. It was a 71 but I'm glad I passed .. My weakness was the thematic essay and multiple choice .. But you explained it so I would understand it even more.. So thank you

[Soulman-lbgg]

You do a good job of presenting both sides of an argument without particularly endorsing one side or the other. I can tell from some videos that you probably lean more liberal, but I could be wrong. As a libertarian, I support a balanced budget amendment.

[kellihillman]

Any balanced budget amendment to the Constitution MUST also forbid the stealing from Social Security and/or Medicare, so they stop balancing the budget on the peoples backs! Lock box please!

[jonathaneby]

I think the big problem in the $18, 0000, 000, 000 in debt argument is that we owe a lot of debt to ourselves, not to foreign nations.

[toddalquist]

this helped me so much right a fake memorandum for ap economics. THANK

[ryanmchale]

I'd love to see a Keith Hughes Opinion video series! I love the both sides and equal representation, but It'd be nice to hear what you believe as well. Anyways, great videos!

[walterdennisclark]

Excellent again Keith.
It may be true that limiting government with balanced budget hurts the poor now, but it should be pointed out that for whatever the reason you can't raise taxes now (namely fewer new businesses, more unemployment) is going to be in effect later and hence when the piper MUST be paid there will be great suffering on present day grand-children. Either the rich grandchildren, the poor grandchildren or the middle class grandchildren. Which one will suffer more than any other? (No matter what the form of government) . . .  when the shit hits the fan, it always always always be the guy with the least alternatives that pays the most.

[nyx]

6:19 Who wants to bet that any balanced budget won't touch the subsides for giant corporations?

[icecinder]

Maybe I'm missing something but doesn't the constitution already limit Government even though for some reason they have expanded beyond what they are suppose to do....the states are a Union agreeing to be protected by the Federal government the states budgets are not the same as the Federal Budget anyway ... Good Video Keep up the good work.

[bryand]

I only have one request ... can we call it the "We can't trust government with our money" amendment?
Seriously though - This might control spending, but the flip side is that it would also (in theory) prevent massive tax cuts without demonstrating how spending will be cut to match reductions in revenue.

[Gguy]

If only spending or cutting alone was always a good answer in every conceivable circumstance, in all their forms. "As a I support copying and pasting the same solution to the diverse and context dependent problems affecting the different needs of people in society."

[randomisedbordom]

Great video. I wonder if my comment was a source of inspiration. I would love to see a video about Legalizing Marijuana. :)

[willkellogg]

Very informative video, helped a lot with my essay

[sydneyyyyy]

thank you so much for this it helped me with my civics project

[KevinPower]

I used to be for it, but now I am against because sometimes governments need to run deficits like how businesses sometimes run deficits and accumulate debt. Would the same logic apply to trade deficits? Plus, raising taxes must be viable, so a large majority to pass raising taxes with difficult persuasion in a climate of heavy polarization and gerrymandering would be problematic. It is also draconian to assume all debt is bad, when our Debt to GDP ratio was higher in WW2 than today's, yet somehow we still out of it. Of course, we should focus on cutting the deficit, which has been happening.

[jmcclain]

Balanced budgets and pay go solves all. If we can't survive on a little over 4 trillion dollars a year, kick the bums out and bring in new blood.

[nena]

I would of love if you can explain it from first grade level. What is state, legislation, federal, power and how many members so when you say 65/35 I'm so lost!
I'm just trying to learn American health care. And Aca etc. To pass my class.
Anyway thanks again for such a funny 😁 educational opportunity

[danielab]

Can’t they just put a clause in there just Incase of a recession as they would for war??

[Wookie_Goldberg]

Just about all of the Nay arguments were addressed in the first minute of this video. If we are in recession, there is a three-fifth's waiver that would allow us to break the bounds of the amendment in times of economic downturns.