Balanced budget amendment revived
House debate on long-shot plan to start
With a deadline looming for a congressional supercommittee to come up with a plan to cut more than $1 trillion in federal spending, the House is scheduled to vote on a proposed balanced budget amendment to the US Constitution for the first time since 1995 when it failed by a single vote in the Senate. Most economists criticize the measure as an empty gesture or worse but the debate is loaded with political implications for the 2012 election.
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