Moore, Stephen
June 1992
National Review;6/8/1992, Vol. 44 Issue 11, p42
The article examines the advantages and disadvantages of the balanced-budget amendment and reveals the Left and Right opponents to the amendments. Opponents include the American Federation of Labor and Congress of Industrial Organizations, the National Education Association, the American Association of Retired Persons, government employee unions and defense contractors. These groups complain the probable economic implications of the amendment such as cutbacks on housing, welfare and student loans. The U.S. Chamber of Commerce and the Wall Street Journal also criticized the balanced-budget bill sponsored by U.S. Senator Paul Simon. The main argument against the bill is that it would give way to a tax increase.


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