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.

Metro RTA

Area Agency on Aging 10B, Inc.

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

FitzGerald isn't giving up, but many Stark voters are worried, wary and weary
SB5 stands for "Snow Ball 5" because voters have about a snow ball's chance of remembering what it was.

Columbus groups are trying to pass a Bill of Rights to combat fracking
Its about time we make a stand against the criminal actions of an entire Indsutry.

Crystal Ball says Ohio governor's race is done
How much is the Kasich campaign paying you to keep repeating the phrase "woman who is not his wife"? Fitzgerald was in the car with a friend who happens to be f...

Plane that crashed killing Case students is a popular training aircraft
The following is incorrect. The last few words should read "UNDER maximum gross take-off weight." “They have a normal take-off speed and all those take-off...

Exploradio: The never-ending war against superbugs
Super Federico ,we are so proud of you ,and very lucky to be among your friends . Keep it up human kind needs people like you to survive .Thanks for being so d...

Ohio's Lyme disease-carrying tick population is exploding
Interesting report. The last sentence needs some editing. It isn't a good idea to "save garments carrying ticks for analysis." The garments carrying t...

Teach for America enters third year in Ohio
For more background on TFA, check out http://reconsideringtfa.wordpress.com/

Faith leaders hold week-long prayer vigil at Ohio Statehouse
I think this is the wrong link to the audio. Its Andy Chow about cigarette taxes.

A $30 million plan to turn Cleveland's Public Square from gray to green
The current plan is for the Land Bank, RTA, and Mr. Jeremy Paris to run a bus line through the new Public Square and cutting the park in half. Save Public Squar...

Medina County residents question safety of proposed natural gas pipeline
I'm very concerned about this nexus project. I've received mail requesting my permission to allow the company to survey my property. I don't understand how thi...

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