News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Akron General

Northeast Ohio Medical University

Don Drumm Studios


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Politics


Economists: A balanced budget amendment is better politics than economics
Many economists raise concerns about the future impact of the balanced budget amendment
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
Richard Vedder, professor of economics at Ohio University, thinks the balanced budget amendment resolution is justifiable on economic grounds as well as political.
Courtesy of Mackinac Center
Download (WKSU Only)
In The Region:

State officials yesterday celebrated the signing of a resolution directed at their colleagues in Washington. Statehouse correspondent Karen Kasler reports in the debate over a balanced budget amendment, it’s hard to separate the economics from the politics.

LISTEN: Debate over a balanced budget amendment involves economics and politics.

Other options:
Windows Media / MP3 Download (3:24)


Ohio is the 20th state to approve a balanced budget amendment resolution, which demands Congress pass such a requirement or allow the states to call a Constitutional convention. Those who back a balanced budget amendment – most notably Gov. John Kasich – say it’s the only way to stop out of control federal spending. Those who oppose it say balanced budgets can be done if they are a priority for lawmakers and without putting strict spending caps into the US Constitution. Conservative economist Richard Vedder at Ohio University in Athens notes that this issue has been brought up mostly by those on his side of the aisle. 

“I’m sure there are some who take positions on this issue based on some political consideration. But I think it’s a move that’s justifiable on economic grounds as well.”

But many economists raise concerns about the future impact of the balanced budget amendment. And many liberal thinkers and politicians do as well. Dale Butland speaks for the progressive think tank Innovation Ohio, and testified against the balanced budget amendment resolution. He says this amendment is clearly a political move by Republicans. 

“It’s clear that politicians want to grandstand, they want to play to the cheap seats, to try to convince people that they’re doing something about a problem when in fact this would just be giving the illusion they’re doing something about the problem.” 

On this, conservative researcher Matt Mayer agrees. He’s been talking with Tea Party groups who are angry with Kasich’s Medicaid expansion, which some have speculated would be endangered by a balanced budget amendment. 

“I don’t think it’s coincidental that Gov. Kasich has wrapped his arms around that at the same time that he is hemorrhaging among conservatives for his endorsement of Medicaid expansion under Obamacare. So, yeah, there’s obviously a political element, but you know what? I’ll take his move toward the balanced budget amendment no matter what the reason for it.”

Central Ohio economist James Newton runs the consulting firm Economic Perspectives. He opposes a balanced budget amendment, and says it’s nothing more than political cover for politicians trying to make some voters happy. 

“It probably seems like a great time to get Tea Party types in particular rallying around this issue, but there comes a point where you just kind of have to let go of these things and realize there needs to be some sanity here.”

The resolution overwhelmingly passed at the Statehouse, with eight House Democrats joining 55 Republicans voting for it. The three Republicans who voted against it are very conservative, and one raised fears about what he called a “runaway convention” where major changes could be made in the Constitution.

In the Senate, the only four negative votes all came from Democrats, while the other six Democrats voted with the Republicans. Gov. Kasich said after the resolution was signed that this is a bipartisan issue, and that he’s optimistic it will get through the 34 needed states, but that he’ll be reaching out to the governors of states that haven’t passed it.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

A small group of tea party and Democrats protest at Kasich campaign stop
Enjoyed your excellent coverage of the statehouse for sometime now, never dreamed I'd be on. The feedback from people has been great. Thank you. Doris Adams

Top staffers are leaving the FitzGerald gubernatorial campaign
I's too bad that the dirt on Fitzgerald dug up by Kasich's operatives and publicized heavily by the Yellow Plain Dealer has caused the weak staffers of the Fitz...

Churches come together to welcome and include Gay Games athletes
Nicely done!!! A little known fact about the El Salvadoran and Columbian scholarships.. A big thank you to the Faith Community for their support of Gay Games 9....

What do Ohio farmers need to do to control Lake Erie problems?
This was a great article, thank you, Karen Schaefer. There was an error- Roger Wise is the past president of the Ohio Farmer's Union; not the Ohio Farm Bureau ...

Registration for the 2014 Gay Games ends Monday at midnight
Judy Benson and Sally Tatnall are loved and appreciated by all in our community and throughout the US for their untiring work for OLOC and for educating the com...

Like any family, the Gay Games has its generation gaps
Great article ... important perspective.

Gay Games rodeo: Changing stereotypes
Robin, Thank you for a fine piece of recorded history. This is history in the making; a gay, Asian man, one of the last bronc riders in IGRA, and Rodeo at Gay G...

Ohio lawmakers hold hearing on prison food problems
So you fine them..this has been going onand the law makers are aware of this issue.I have been told by many about the maggots and rotten food not fit for a dog ...

Interview with early Beatle Pete Best
"the Leshdu (?) Quartet.." Actually that's the Les Stewart Quartet. George Harrison was in that band at the same time as the Quarry Men.

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University